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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income      
Loans $ 218,420 $ 157,292 $ 117,062
Taxable securities 21,870 18,276 17,300
Tax-exempt securities 10,142 9,348 8,458
Federal funds sold and deposits in banks 839 963 215
Total interest income 251,271 185,879 143,035
Interest Expense      
Deposits 10,478 16,733 23,250
Federal Home Loan Bank and Federal Reserve Bank borrowings 2,980 2,841 2,759
Long-term obligations 579 1,029 1,197
Other borrowings 498 489 477
Total interest expense 14,535 21,092 27,683
Net Interest Income 236,736 164,787 115,352
Provision (recapture) for loan and lease losses 5,752 47,346 63,500
Net interest income after provision (recapture) for loan and lease losses 230,984 117,441 51,852
Noninterest Income (Loss)      
Service charges and other fees 26,632 24,698 15,181
Gain on bank acquisitions, net of tax 1,830 9,818 0
Merchant services fees 7,385 7,502 7,321
Redemption of Visa and MasterCard shares 0 0 49
Gain on sale of investment securities, net 134 58 1,077
Impairment charge on investment securities (2,950) 0 0
Bank owned life insurance 2,188 2,041 2,023
Change in FDIC loss sharing asset (49,496) 4,908 0
Other 4,994 3,756 4,039
Total noninterest income (loss) (9,283) 52,781 29,690
Noninterest Expense      
Compensation and employee benefits 81,552 69,780 47,275
Occupancy 18,963 16,814 12,128
Merchant processing 3,698 4,364 3,449
Advertising and promotion 3,686 3,081 1,943
Data processing 8,484 8,769 5,482
Legal and professional fees 6,486 5,684 3,871
Taxes, licenses and fees 4,446 2,858 2,478
Regulatory premiums 4,337 6,485 5,777
Net cost (benefit) of operation of other real estate owned (1,022) 787 861
Amortization of intangibles 4,319 3,922 1,045
FDIC clawback liability 3,656 0 0
Other 17,154 14,603 10,179
Total noninterest expense 155,759 137,147 94,488
Income (loss) before income taxes 65,942 33,075 (12,946)
Provision (benefit) for income taxes 17,905 2,291 (8,978)
Net Income (Loss) 48,037 30,784 (3,968)
Net Income (Loss) Applicable to Common Shareholders 48,037 25,837 (8,371)
Per Common Share      
Earnings (loss) basic (dollars per share) $ 1.22 [1] $ 0.73 [1] $ (0.38)
Earnings (loss) diluted (dollars per share) $ 1.21 [1] $ 0.72 [1] $ (0.38)
Dividends paid per common share ($ per share) $ 0.27 $ 0.04 $ 0.07
Weighted average number of common shares outstanding 39,103 35,209 21,854
Weighted average number of diluted common shares outstanding 39,180 35,392 21,854
Noncovered Loans [Member]
     
Interest Expense      
Provision (recapture) for loan and lease losses 7,400 41,291 63,500
Covered Loans [Member]
     
Interest Expense      
Provision (recapture) for loan and lease losses $ (1,648) $ 6,055 $ 0
[1] Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year.