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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Loans not covered by FDIC loss share $ 23,192 $ 24,366 $ 67,822 $ 72,343
Loans covered by FDIC loss share 5,041 3,917 16,009 12,605
Federal funds sold 2 3 4 5
Investment securities 3,027 3,539 9,615 11,015
Mortgage loans held for sale 171 130 487 305
Assets held in trading accounts 12 8 37 26
Interest bearing balances due from banks 267 243 919 776
TOTAL INTEREST INCOME 31,712 32,206 94,893 97,075
INTEREST EXPENSE        
Deposits 2,521 3,594 8,165 11,569
Federal funds purchased and securities sold under agreements to repurchase 69 113 248 332
Other borrowings 792 842 2,406 2,686
Subordinated debentures 389 378 1,166 1,125
TOTAL INTEREST EXPENSE 3,771 4,927 11,985 15,712
NET INTEREST INCOME 27,941 27,279 82,908 81,363
Provision for loan losses 1,299 2,842 2,846 8,845
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 26,642 24,437 80,062 72,518
NON-INTEREST INCOME        
Trust income 1,440 1,370 3,988 3,959
Service charges on deposit accounts 4,368 4,450 12,163 12,519
Other service charges and fees 684 695 2,211 2,281
Mortgage lending income 1,705 1,249 4,441 2,724
Investment banking income 560 203 1,700 1,184
Credit card fees 4,104 4,303 12,390 12,510
Bank owned life insurance income 355 261 1,078 1,078
Gain on FDIC assisted transactions 1,120   1,120  
Net (loss) gain on assets covered by FDIC loss share agreements (2,689) 287 (7,507) 980
Other income 165 871 2,037 3,387
TOTAL NON-INTEREST INCOME 11,812 13,689 33,621 40,622
NON-INTEREST EXPENSE        
Salaries and employee benefits 15,911 15,533 49,323 49,085
Occupancy expense, net 2,182 2,224 6,291 6,513
Furniture and equipment expense 1,835 1,763 5,047 4,912
Other real estate and foreclosure expense 280 215 681 532
Deposit insurance 444 211 1,472 2,092
Merger related costs 815   815 357
Other operating expenses 7,219 7,654 21,928 22,713
TOTAL NON-INTEREST EXPENSE 28,686 27,600 85,557 86,204
INCOME BEFORE INCOME TAXES 9,768 10,526 28,126 26,936
Provision for income taxes 3,008 3,269 8,475 7,867
NET INCOME $ 6,760 $ 7,257 $ 19,651 $ 19,069
BASIC EARNINGS PER SHARE (in Dollars per share) $ 0.41 $ 0.42 $ 1.16 $ 1.10
DILUTED EARNINGS PER SHARE (in Dollars per share) $ 0.41 $ 0.42 $ 1.16 $ 1.10