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Quarterly Results Of Operations (Tables)
3 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2011
Quarterly Results Of Operations [Abstract]    
Schedule Of Quarterly Results Of Operations
(dollars in thousands, except per share data)    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

Year ended December 31, 2010

        

Total interest income

   $ 97,620      $ 101,217      $   99,818      $   97,716   

Total interest expense

     28,414        31,078        29,885        25,367   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

     69,206        70,139        69,933        72,349   

Provision for loan losses

     13,201        12,899        5,128        11,224   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income after provision for loan losses

     56,005        57,240        64,805        61,125   

Gain (Loss) on sale of investments, net

     922        60        4,176        93   

Other noninterest income

     27,431        30,644        32,605        37,959   

Noninterest expense

     67,000        75,775        80,371        81,102   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     17,358        12,169        21,215        18,075   

Income tax expense

     4,354        3,329        7,275        5,033   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 13,004      $ 8,840      $ 13,940      $ 13,042   

Preferred stock dividends

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Income available to common shareholders

   $ 13,004      $ 8,840      $ 13,940      $ 13,042   

Earnings allocated to unvested restricted stock

     (252     (189     (288     (261
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available to common shareholders – Diluted

   $ 12,752      $ 8,651      $ 13,652      $ 12,781   

Earnings per share – basic

   $ 0.60      $ 0.33      $ 0.52      $ 0.49   

Earnings per share – diluted

     0.59        0.33        0.52        0.48   
  

 

 

   

 

 

   

 

 

   

 

 

 
(dollars in thousands, except per share data)    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

Year Ended December 31, 2011

        

Total interest income

   $ 99,434      $   97,127      $ 111,966      $ 111,799   

Total interest expense

     20,686        21,162        20,995        19,226   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

     78,748        75,965        90,971        92,573   

Provision for loan losses

     5,471        9,990        6,127        4,278   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income after provision for loan losses

     73,277        65,975        84,844        88,295   

Gain (loss) on sale of investments, net

     47        1,428        1,206        793   

Other noninterest income

     28,248        29,560        35,914        34,662   

Noninterest expense

     81,732        92,706        99,566        99,726   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     19,840        4,257        22,398        24,024   

Income tax expense (benefit)

     5,193        (929     6,051        6,667   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 14,647      $ 5,186        16,347      $ 17,357   

Preferred stock dividends

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Income available to common shareholders

   $ 14,647      $ 5,186      $ 16,347      $ 17,357   

Earnings allocated to unvested restricted stock

     (291     (87     (290     (307
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available to common shareholders – Diluted

   $ 14,356      $ 5,099      $ 16,057      $ 17,050   

Earnings per share – basic

   $ 0.54      $ 0.19      $ 0.55      $ 0.59   

Earnings per share – diluted

     0.54        0.18        0.54        0.59   
  

 

 

   

 

 

   

 

 

   

 

 

 
Schedule Of Adjustments Of Operations  
(dollars in thousands)    As Previously
Reported
     Adjustment     As
Adjusted
 

Selected Income Statement Data

       

Interest income

   $ 113,430       $ (1,464   $ 111,966   

Net interest income

     92,435         (1,464     90,971   

Net interest income after provision for loan losses

     86,308         (1,464     84,844   

Income before income taxes

     23,862         (1,464     22,398   

Income tax expense

     6,563         (512     6,051   

Net Income

     17,299         (952     16,347   

Income Available to Common Shareholders – Basic

     17,299         (952     16,347   

Income Available to Common Shareholders – Diluted

     16,992         (935     16,057   

Earnings per common share – Basic

   $ 0.58       $ 0.03      $ 0.55   

Earnings per common share – Diluted

   $ 0.58       $ 0.04      $ 0.54