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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME    
Loans$ 24,366$ 26,934$ 72,343$ 80,413
Covered loans3,91786412,6051,077
Federal funds sold36512
Investment securities3,5394,18211,01513,178
Mortgage loans held for sale130210305429
Assets held in trading accounts872620
Interest bearing balances due from banks243123776487
TOTAL INTEREST INCOME32,20632,32697,07595,616
INTEREST EXPENSE    
Deposits3,5944,60511,56914,881
Federal funds purchased and securities sold under agreements to repurchase113126332398
Short-term debt13153745
Long-term debt1,2071,5243,7744,619
TOTAL INTEREST EXPENSE4,9276,27015,71219,943
NET INTEREST INCOME27,27926,05681,36375,673
Provision for loan losses2,8423,4078,84510,396
NET INTEREST INCOME AFTER PROVISION    
FOR LOAN LOSSES24,43722,64972,51865,277
NON-INTEREST INCOME    
Trust income1,3701,3433,9593,763
Service charges on deposit accounts4,4504,38812,51913,428
Other service charges and fees6956462,2812,096
Income on sale of mortgage loans, net of commissions1,2491,2422,7242,777
Income on investment banking, net of commissions2033691,1841,750
Credit card fees4,3033,97212,51011,692
Premiums on sale of student loans 1,979 2,524
Bank owned life insurance income2614041,0781,260
Gain on FDIC-assisted transactions   3,037
Other income1,1914794,4631,943
TOTAL NON-INTEREST INCOME13,72214,82240,71844,270
NON-INTEREST EXPENSE    
Salaries and employee benefits15,53314,80949,08545,039
Occupancy expense, net2,2241,9066,5135,632
Furniture and equipment expense1,7631,5424,9124,563
Other real estate and foreclosure expense215304532676
Deposit insurance2118852,0922,899
Merger related costs 134357577
Other operating expenses7,6877,17822,80921,444
TOTAL NON-INTEREST EXPENSE27,63326,75886,30080,830
INCOME BEFORE INCOME TAXES10,52610,71326,93628,717
Provision for income taxes3,2693,0937,8678,160
NET INCOME$ 7,257$ 7,620$ 19,069$ 20,557
BASIC EARNINGS PER SHARE (in Dollars per share)$ 0.42$ 0.45$ 1.10$ 1.20
DILUTED EARNINGS PER SHARE (in Dollars per share)$ 0.42$ 0.44$ 1.10$ 1.19