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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 not covered by loss share agreements $ 22,358 $ 23,883 $ 44,630 $ 47,977
Loans covered by FDIC loss share agreements 4,994 4,347 10,967 8,688
Federal funds sold 1 1 1 2
Investment securities 3,313 3,771 6,588 7,476
Mortgage loans held for sale 164 87 317 175
Assets held in trading accounts 13 9 25 18
Interest bearing balances due from banks 349 298 652 533
TOTAL INTEREST INCOME 31,192 32,396 63,180 64,869
INTEREST EXPENSE        
Deposits 2,680 3,799 5,645 7,975
Federal funds purchased and securities sold under agreements to repurchase 77 103 176 219
Other borrowings 799 867 1,613 1,844
Subordinated debentures 385 377 777 747
TOTAL INTEREST EXPENSE 3,941 5,146 8,211 10,785
NET INTEREST INCOME 27,251 27,250 54,969 54,084
Provision for loan losses 775 3,328 1,546 6,003
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,476 23,922 53,423 48,081
NON-INTEREST INCOME        
Trust income 1,240 1,243 2,549 2,589
Service charges on deposit accounts 3,930 4,212 7,795 8,069
Other service charges and fees 738 780 1,530 1,586
Mortgage lending income 1,445 849 2,739 1,475
Investment banking income 442 381 1,141 981
Credit card fees 4,207 4,264 8,286 8,207
Bank owned life insurance income 368 414 723 817
Net gain (loss) on assets covered by FDIC loss share agreements (2,153) 323 (4,818) 693
Other income 876 1,865 1,871 2,516
TOTAL NON-INTEREST INCOME 11,093 14,331 21,816 26,933
NON-INTEREST EXPENSE        
Salaries and employee benefits 16,590 16,436 33,414 33,552
Occupancy expense, net 2,029 2,100 4,110 4,289
Furniture and equipment expense 1,608 1,560 3,212 3,149
Other real estate and foreclosure expense 194 223 401 317
Deposit insurance 457 842 1,028 1,881
Merger related costs   167   357
Other operating expenses 7,366 7,331 14,716 15,059
TOTAL NON-INTEREST EXPENSE 28,244 28,659 56,881 58,604
INCOME BEFORE INCOME TAXES 9,325 9,594 18,358 16,410
Provision for income taxes 2,789 2,848 5,467 4,598
NET INCOME $ 6,536 $ 6,746 $ 12,891 $ 11,812
BASIC EARNINGS PER SHARE (in Dollars per share) $ 0.38 $ 0.39 $ 0.75 $ 0.68
DILUTED EARNINGS PER SHARE (in Dollars per share) $ 0.38 $ 0.39 $ 0.75 $ 0.68