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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest and fees on loans $ 33,319 $ 32,108 $ 65,521 $ 63,560
Interest on mortgage-backed securities 3,564 3,117 6,813 6,506
Interest on reverse mortgage related assets 1,368 324 2,594 907
Interest and dividends on investment securities 814 311 1,606 453
Other interest income 348 22 664 47
Total interest income 39,413 35,882 77,198 71,473
Interest expense:        
Interest on deposits 1,714 1,821 3,370 3,840
Interest on Federal Home Loan Bank advances 661 451 1,187 894
Interest on federal funds purchased and securities sold under agreements to repurchase 265 245 515 494
Interest on trust preferred borrowings 330 337 656 666
Interest on senior debt 941 944 1,883 1,887
Interest on bonds payable     15  
Interest on other borrowings 25 28 51 56
Total interest expense 3,936 3,826 7,677 7,837
Net interest income 35,477 32,056 69,521 63,636
Provision for loan losses 50 1,680 2,680 3,911
Net interest income after provision for loan losses 35,427 30,376 66,841 59,725
Noninterest income:        
Credit/debit card and ATM income 6,010 6,189 11,776 11,857
Deposit service charges 4,346 4,216 8,615 8,230
Investment management and fiduciary revenue 4,287 4,059 8,121 7,787
Mortgage banking activities, net 1,025 1,193 1,837 1,930
Loan fee income 556 487 940 982
Security gains, net 365 906 943 2,550
Bank owned life insurance income 143 48 282 88
Other income 2,891 2,441 5,473 4,189
Total non interest income 19,623 19,539 37,987 37,613
Noninterest expenses:        
Salaries, benefits and other compensation 18,671 17,455 37,145 35,438
Occupancy expense 3,569 3,401 7,298 6,784
Professional fees 2,345 899 3,695 1,846
Equipment expense 1,860 2,117 3,547 3,946
Data processing and operations expenses 1,531 1,394 3,002 2,743
Loan workout and OREO expenses 716 770 1,255 940
FDIC expenses 692 942 1,345 2,108
Marketing expense 464 608 963 1,125
Other operating expense 5,670 5,566 11,446 10,592
Total non interest expenses 35,518 33,152 69,696 65,522
Income before taxes 19,532 16,763 35,132 31,816
Income tax provision 6,807 5,855 5,496 11,168
Net income 12,725 10,908 29,636 20,648
Dividends on preferred stock and accretion of discount   609   1,301
Net income allocable to common stockholders $ 12,725 $ 10,299 $ 29,636 $ 19,347
Earnings per share:        
Basic $ 1.43 $ 1.17 $ 3.33 $ 2.20
Diluted $ 1.39 $ 1.16 $ 3.24 $ 2.18