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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Loans $ 54,498 $ 44,362 $ 116,275 $ 91,791
Taxable securities 4,951 6,247 10,196 10,664
Tax-exempt securities 2,495 2,516 5,020 4,983
Federal funds sold and deposits in banks 170 184 335 482
Total interest income 62,114 53,309 131,826 107,920
Interest Expense        
Deposits 1,561 2,848 3,340 5,927
Federal Home Loan Bank advances 734 714 1,484 1,408
Long-term obligations 0 253 0 504
Other borrowings 118 119 238 257
Total interest expense 2,413 3,934 5,062 8,096
Net Interest Income 59,701 49,375 126,764 99,824
Provision for loan and lease losses     35,623 4,029
Net interest income after provision for loan and lease losses 44,263 44,924 91,141 95,795
Noninterest Income (Loss)        
Service charges and other fees 7,436 6,467 14,613 12,755
Merchant services fees 2,095 1,808 4,113 3,441
Gain on sale of investment securities, net 0 0 62 0
Bank owned life insurance 719 528 1,430 1,033
Change in FDIC loss sharing asset (168) (6,419) (1,836) (21,193)
Other 1,746 1,158 3,020 2,087
Total noninterest income (loss) 11,828 3,542 21,402 (1,877)
Noninterest Expense        
Compensation and employee benefits 20,966 19,459 42,961 38,380
Occupancy 5,091 4,388 10,424 8,785
Merchant processing 930 905 1,803 1,788
Advertising and promotion 1,119 1,012 2,001 1,913
Data processing and communications 2,551 1,913 4,764 3,837
Legal and professional fees 1,829 1,498 3,438 2,911
Taxes, licenses and fees 1,115 907 2,470 1,772
Regulatory premiums 925 1,279 1,785 2,979
Net cost (benefit) of operation of other real estate owned (377) 214 533 (228)
Amortization of intangibles 1,119 955 2,269 1,939
FDIC clawback liability (recovery) (208) 448 (234) 2,148
Other 4,765 4,186 11,963 8,286
Total noninterest expense 39,825 37,164 84,177 74,510
Income before income taxes 16,266 11,302 28,366 19,408
Income tax provision 4,367 2,670 7,565 4,997
Net Income 11,899 8,632 20,801 14,411
Earnings per common share        
Basic ($ per share) $ 0.30 $ 0.22 $ 0.52 $ 0.37
Diluted ($ per share) $ 0.30 $ 0.22 $ 0.52 $ 0.36
Dividends paid per common share $ 0.22 $ 0.05 $ 0.59 $ 0.08
Weighted average number of common shares outstanding 39,260 39,107 39,228 39,073
Weighted average number of diluted common shares outstanding 39,308 39,166 39,306 39,159
Noncovered Loans [Member]
       
Interest Expense        
Provision for loan and lease losses 3,750 2,150 8,250 2,150
Covered Loans [Member]
       
Interest Expense        
Provision for loan and lease losses $ 11,688 $ 2,301 $ 27,373 $ 1,879