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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME    
Loans not covered by loss share agreements $ 22,272 $ 24,094
Loans covered by FDIC loss share agreements 5,973 4,341
Federal funds sold   1
Investment securities 3,275 3,705
Mortgage loans held for sale 153 88
Assets held in trading accounts 12 9
Interest bearing balances due from banks 303 235
TOTAL INTEREST INCOME 31,988 32,473
INTEREST EXPENSE    
Deposits 2,965 4,176
Federal funds purchased and securities sold under agreements to repurchase 99 116
Short-term debt 14 12
Long-term debt 1,192 1,335
TOTAL INTEREST EXPENSE 4,270 5,639
NET INTEREST INCOME 27,718 26,834
Provision for loan losses 771 2,675
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,947 24,159
NON-INTEREST INCOME    
Trust income 1,309 1,346
Service charges on deposit accounts 3,865 3,857
Other service charges and fees 792 806
Income on sale of mortgage loans, net of commissions 1,294 626
Income on investment banking, net of commissions 699 600
Credit card fees 4,079 3,943
Bank owned life insurance income 355 403
Net gain (loss) on assets covered by FDIC loss share agreements (2,665) 370
Other income 995 651
TOTAL NON-INTEREST INCOME 10,723 12,602
NON-INTEREST EXPENSE    
Salaries and employee benefits 16,824 17,116
Occupancy expense, net 2,081 2,189
Furniture and equipment expense 1,604 1,589
Other real estate and foreclosure expense 207 94
Deposit insurance 571 1,039
Merger related costs   190
Other operating expenses 7,350 7,728
TOTAL NON-INTEREST EXPENSE 28,637 29,945
INCOME BEFORE INCOME TAXES 9,033 6,816
Provision for income taxes 2,678 1,750
NET INCOME $ 6,355 $ 5,066
BASIC EARNINGS PER SHARE (in Dollars per share) $ 0.37 $ 0.29
DILUTED EARNINGS PER SHARE (in Dollars per share) $ 0.37 $ 0.29