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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME        
Federal funds sold $ 2 $ 5 $ 3 $ 8
Investment securities 4,766 3,019 9,315 5,921
Mortgage loans held for sale 168 118 237 273
Assets held in trading accounts 5 6 10 17
Interest bearing balances due from banks 279 352 558 642
TOTAL INTEREST INCOME 43,842 32,571 88,876 65,803
INTEREST EXPENSE        
Deposits 2,235 2,082 4,505 4,281
Federal funds purchased and securities sold under agreements to repurchase 31 53 84 118
Other borrowings 988 692 1,998 1,426
Subordinated debentures 160 162 317 321
TOTAL INTEREST EXPENSE 3,414 2,989 6,904 6,146
NET INTEREST INCOME 40,428 29,582 81,972 59,657
Provision for loan losses 1,602 1,034 2,510 1,953
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 38,826 28,548 79,462 57,704
NON-INTEREST INCOME        
Trust income 1,553 1,342 3,091 2,786
Service charges on deposit accounts 6,792 4,474 12,860 8,715
Other service charges and fees 859 791 1,684 1,566
Mortgage lending income 1,262 1,338 2,074 2,554
Investment banking income 154 696 336 1,150
Debit and credit card fees 5,801 4,341 11,444 8,380
Bank owned life insurance income 377 366 705 644
Gain (loss) on sale of securities 38 (193) 38 (193)
Net (loss) gain on assets covered by FDIC loss share agreements (6,268) (2,615) (13,639) (4,757)
Other income 4,820 733 5,984 1,741
TOTAL NON-INTEREST INCOME 15,388 11,273 24,577 22,586
NON-INTEREST EXPENSE        
Salaries and employee benefits 20,982 17,937 43,447 36,444
Occupancy expense, net 3,285 2,450 7,155 5,005
Furniture and equipment expense 2,215 2,030 4,229 3,753
Other real estate and foreclosure expense 375 59 1,248 390
Deposit insurance 1,085 492 1,753 1,267
Merger related costs 1,354 (467) 2,627 (227)
Other operating expenses 10,546 7,818 23,923 15,599
TOTAL NON-INTEREST EXPENSE 39,842 30,319 84,382 62,231
INCOME BEFORE INCOME TAXES 14,372 9,502 19,657 18,059
Provision for income taxes 4,464 2,926 5,396 5,546
NET INCOME 9,908 6,576 14,261 12,513
BASIC EARNINGS PER SHARE (in Dollars per share) $ 0.61 $ 0.40 $ 0.88 $ 0.76
DILUTED EARNINGS PER SHARE (in Dollars per share) $ 0.60 $ 0.40 $ 0.87 $ 0.76
Legacy Loans [Member]
       
INTEREST INCOME        
Loan interest 22,733 22,602 44,285 46,298
Loans Acquired [Member]
       
INTEREST INCOME        
Loan interest $ 15,889 $ 6,469 $ 34,468 $ 12,644