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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME        
Loans not covered by FDIC loss share $ 22,602,000 $ 22,358,000 $ 46,298,000 $ 44,630,000
Loans covered by FDIC loss share 6,469,000 4,994,000 12,644,000 10,967,000
Federal funds sold 5,000 1,000 8,000 1,000
Investment securities 3,019,000 3,313,000 5,921,000 6,588,000
Mortgage loans held for sale 118,000 164,000 273,000 317,000
Assets held in trading accounts 6,000 13,000 17,000 25,000
Interest bearing balances due from banks 352,000 349,000 642,000 652,000
TOTAL INTEREST INCOME 32,571,000 31,192,000 65,803,000 63,180,000
INTEREST EXPENSE        
Deposits 2,082,000 2,680,000 4,281,000 5,645,000
Federal funds purchased and securities sold under agreements to repurchase 53,000 77,000 118,000 176,000
Other borrowings 692,000 799,000 1,426,000 1,613,000
Subordinated debentures 162,000 385,000 321,000 777,000
TOTAL INTEREST EXPENSE 2,989,000 3,941,000 6,146,000 8,211,000
NET INTEREST INCOME 29,582,000 27,251,000 59,657,000 54,969,000
Provision for loan losses 1,034,000 775,000 1,953,000 1,546,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 28,548,000 26,476,000 57,704,000 53,423,000
NON-INTEREST INCOME        
Trust income 1,342,000 1,240,000 2,786,000 2,549,000
Service charges on deposit accounts 4,474,000 3,930,000 8,715,000 7,795,000
Other service charges and fees 791,000 738,000 1,566,000 1,530,000
Mortgage lending income 1,338,000 1,445,000 2,554,000 2,739,000
Investment banking income 696,000 442,000 1,150,000 1,141,000
Credit card fees 4,341,000 4,207,000 8,380,000 8,286,000
Bank owned life insurance income 366,000 368,000 644,000 723,000
Loss on sale of securities (193,000)   (193,000)  
Net (loss) gain on assets covered by FDIC loss share agreements (2,615,000) (2,153,000) (4,757,000) (4,818,000)
Other income 733,000 876,000 1,741,000 1,871,000
TOTAL NON-INTEREST INCOME 11,273,000 11,093,000 22,586,000 21,816,000
NON-INTEREST EXPENSE        
Salaries and employee benefits 17,937,000 16,590,000 36,444,000 33,414,000
Occupancy expense, net 2,450,000 2,029,000 5,005,000 4,110,000
Furniture and equipment expense 2,030,000 1,608,000 3,753,000 3,212,000
Other real estate and foreclosure expense 59,000 194,000 390,000 401,000
Deposit insurance 492,000 457,000 1,267,000 1,028,000
Merger related costs (467,000)   (227,000)  
Other operating expenses 7,818,000 7,366,000 15,599,000 14,716,000
TOTAL NON-INTEREST EXPENSE 30,319,000 28,244,000 62,231,000 56,881,000
INCOME BEFORE INCOME TAXES 9,502,000 9,325,000 18,059,000 18,358,000
Provision for income taxes 2,926,000 2,789,000 5,546,000 5,467,000
NET INCOME $ 6,576,000 $ 6,536,000 $ 12,513,000 $ 12,891,000
BASIC EARNINGS PER SHARE (in Dollars per share) $ 0.40 $ 0.38 $ 0.76 $ 0.75
DILUTED EARNINGS PER SHARE (in Dollars per share) $ 0.40 $ 0.38 $ 0.76 $ 0.75