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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income        
Loans $ 44,362 $ 38,940 $ 91,791 $ 75,887
Taxable securities 6,247 4,708 10,664 9,453
Tax-exempt securities 2,516 2,290 4,983 4,736
Federal funds sold and deposits in banks 184 210 482 359
Total interest income 53,309 46,148 107,920 90,435
Interest Expense        
Deposits 2,848 4,334 5,927 9,275
Federal Home Loan Bank advances 714 710 1,408 1,415
Long-term obligations 253 254 504 503
Other borrowings 119 118 257 236
Total interest expense 3,934 5,416 8,096 11,429
Net Interest Income 49,375 40,732 99,824 79,006
Provision for loan and lease losses 2,150 13,500 2,150 28,500
Provision for losses on covered loans 2,301 0 1,879 0
Net interest income after provision for loan and lease losses 44,924 27,232 95,795 50,506
Noninterest Income (Loss)        
Service charges and other fees 6,467 6,442 12,755 11,866
Gain on bank acquisitions 0 0 0 9,818
Merchant services fees 1,808 1,913 3,441 3,652
Gain on sale of investment securities, net 0 0 0 58
Bank owned life insurance 528 516 1,033 1,020
Change in FDIC loss sharing asset (6,419) 3,399 (21,193) 3,399
Other 1,158 967 2,087 1,897
Total noninterest income (loss) 3,542 13,237 (1,877) 31,710
Noninterest Expense        
Compensation and employee benefits 19,459 17,497 38,380 34,483
Occupancy 4,388 4,307 8,785 8,276
Merchant processing 905 1,227 1,788 2,327
Advertising and promotion 1,012 785 1,913 1,623
Data processing and communications 1,913 2,567 3,837 4,446
Legal and professional fees 1,498 1,477 2,911 2,975
Taxes, licenses and fees 907 688 1,772 1,252
Regulatory premiums 1,279 1,462 2,979 2,918
Net cost of operation of other real estate owned 214 (672) (228) 640
Amortization of intangibles 955 1,055 1,939 1,842
FDIC clawback liability 448 0 2,148 0
Other 4,186 4,352 8,286 7,860
Total noninterest expense 37,164 34,745 74,510 68,642
Income before income taxes 11,302 5,724 19,408 13,574
Income tax provision 2,670 668 4,997 602
Net Income 8,632 5,056 14,411 12,972
Net Income Applicable to Common Shareholders $ 8,632 $ 3,946 $ 14,411 $ 10,755
Earnings per common share        
Basic $ 0.22 $ 0.11 $ 0.37 $ 0.34
Diluted $ 0.22 $ 0.11 $ 0.36 $ 0.34
Dividends paid per common share $ 0.05 $ 0.01 $ 0.08 $ 0.02
Weighted average number of common shares outstanding 39,107 34,829 39,073 31,376
Weighted average number of diluted common shares outstanding 39,166 35,077 39,159 31,607