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Summary Of Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Quarterly financial information for the years ended December 31, 2011 and 2010 is summarized as follows:
 
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year Ended
December 31,
 
 
(in thousands, except per share amounts)
2011
 
 
 
 
 
 
 
 
 
 
Total interest income
 
$
54,611

 
$
53,309

 
$
68,432

 
$
74,919

 
$
251,271

Total interest expense
 
4,162

 
3,934

 
3,644

 
2,795

 
14,535

Net interest income
 
50,449

 
49,375

 
64,788

 
72,124

 
236,736

Provision for loan and lease losses
 

 
2,150

 
500

 
4,750

 
7,400

Provision (recapture) for losses on covered loans
 
(422
)
 
2,301

 
433

 
(3,960
)
 
(1,648
)
Noninterest income (loss)
 
(5,419
)
 
3,542

 
2,196

 
(9,602
)
 
(9,283
)
Noninterest expense
 
37,346

 
37,164

 
39,935

 
41,314

 
155,759

Income before income taxes
 
8,106

 
11,302

 
26,116

 
20,418

 
65,942

Provision for income taxes
 
2,327

 
2,670

 
7,244

 
5,664

 
17,905

Net income
 
$
5,779

 
$
8,632

 
$
18,872

 
$
14,754

 
$
48,037

Net income applicable to common shareholders
 
$
5,779

 
$
8,632

 
$
18,872

 
$
14,754

 
$
48,037

Per common share (1)
 
 
 
 
 
 
 
 
 
 
Earnings (basic)
 
$
0.15

 
$
0.22

 
$
0.48

 
$
0.37

 
$
1.22

Earnings (diluted)
 
$
0.15

 
$
0.22

 
$
0.48

 
$
0.37

 
$
1.21

2010
 
 
 
 
 
 
 
 
 
 
Total interest income
 
$
44,287

 
$
46,148

 
$
52,075

 
$
43,369

 
$
185,879

Total interest expense
 
6,013

 
5,416

 
5,110

 
4,553

 
21,092

Net interest income
 
38,274

 
40,732

 
46,965

 
38,816

 
164,787

Provision for loan and lease losses
 
15,000

 
13,500

 
9,000

 
3,791

 
41,291

Provision for losses on covered loans
 

 

 
453

 
5,602

 
6,055

Noninterest income
 
18,473

 
13,237

 
5,183

 
15,888

 
52,781

Noninterest expense
 
33,897

 
34,745

 
33,520

 
34,985

 
137,147

Income before income taxes
 
7,850

 
5,724

 
9,175

 
10,326

 
33,075

Provision (benefit) for income taxes
 
(66
)
 
668

 
3,971

 
(2,282
)
 
2,291

Net income
 
$
7,916

 
$
5,056

 
$
5,204

 
$
12,608

 
$
30,784

Less: Dividends on preferred stock
 
1,107

 
1,110

 
2,730

 

 
4,947

Net income applicable to common shareholders
 
$
6,809

 
$
3,946

 
$
2,474

 
$
12,608

 
$
25,837

Per common share (1)
 
 
 
 
 
 
 
 
 
 
Earnings (basic)
 
$
0.24

 
$
0.11

 
$
0.06

 
$
0.32

 
$
0.73

Earnings (diluted)
 
$
0.24

 
$
0.11

 
$
0.06

 
$
0.32

 
$
0.72

 __________
(1) Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year.