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Consolidated Statements Of Comprehensive Income (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and Dividend Income    
Loans, including fees $ 123,934,000 $ 107,711,000
Mortgage loans held for sale, including fees 1,049,000 858,000
Investment securities:    
Taxable interest 9,538,000 11,431,000
Tax-exempt interest 1,917,000 927,000
Accretion (Amortization) of FDIC loss share receivable (27,927,000) (21,913,000)
Other 676,000 420,000
Total interest and dividend income 109,187,000 99,434,000
Interest Expense    
NOW and MMDA 6,146,000 7,335,000
Savings 149,000 177,000
Time deposits 7,666,000 11,424,000
Short-term borrowings 142,000 128,000
Long-term debt 3,223,000 1,622,000
Total interest expense 17,326,000 20,686,000
Net interest income 91,861,000 78,748,000
Provision for loan losses 2,857,000 5,471,000
Net interest income after provision for loan losses 89,004,000 73,277,000
Noninterest Income    
Service charges on deposit accounts 5,980,000 5,512,000
ATM/debit card fee income 2,024,000 2,913,000
Income from bank owned life insurance 951,000 725,000
Gain on sale of loans, net 13,619,000 8,892,000
Gain (loss) on sale of assets (25,000) (111,000)
Gain on sale of available for sale investments 2,800,000 1,000
Derivative gains (losses) reclassified from other comprehensive income (386,000) (427,000)
Title revenue 4,533,000 3,810,000
Broker commissions 3,060,000 2,642,000
Other income 4,840,000 4,338,000
Total noninterest income 37,396,000 28,295,000
Noninterest Expense    
Salaries and employee benefits 54,819,000 43,629,000
Occupancy and equipment 12,719,000 9,113,000
Franchise and shares tax 1,020,000 981,000
Communication and delivery 3,133,000 2,528,000
Marketing and business development 3,022,000 2,086,000
Data processing 3,176,000 3,019,000
Printing, stationery and supplies 790,000 830,000
Amortization of acquisition intangibles 1,290,000 1,169,000
Professional services 4,100,000 3,127,000
Net costs of OREO property 2,684,000 1,704,000
Credit and other loan related expense 4,027,000 4,207,000
Insurance 2,609,000 2,771,000
Other expenses 6,484,000 6,568,000
Total noninterest expense 99,873,000 81,732,000
Income before income tax expense 26,527,000 19,840,000
Income tax expense 7,134,000 5,193,000
Net Income 19,393,000 14,647,000
Preferred Stock Dividends      
Income Available to Common Shareholders - Basic 19,393,000 14,647,000
Earnings Allocated to Unvested Restricted Stock (364,000) (291,000)
Earnings Available to Common Shareholders - Diluted 19,029,000 14,356,000
Earnings per common share - Basic $ 0.66 [1] $ 0.54 [1]
Earnings per common share - Diluted $ 0.66 $ 0.54
Cash dividends declared per common share $ 0.34 $ 0.34
Other comprehensive income    
Unrealized holding gains (losses) arising during the period (1,056,000) 2,882,000
Other than temporary impairment realized in net income      
Less: reclassification adjustment for gains included in net income (2,800,000) (1,000)
Unrealized gain (loss) on securities, before tax (3,856,000) 2,881,000
Fair value of derivative instruments designated as cash flow hedges:    
Change in fair value of derivative instruments designated as cash flow hedges during the period 4,951,000 1,095,000
Less: reclassification adjustment for losses (gains) included in net income 386,000 427,000
Fair value of derivative instruments designated as cash flow hedges, before tax 5,337,000 1,522,000
Other comprehensive income (loss), before tax 1,481,000 4,403,000
Income tax expense (benefit) related to items of other comprehensive income 518,000 1,542,000
Other comprehensive income (loss), net of tax 963,000 2,861,000
Comprehensive income $ 20,356,000 $ 17,508,000
[1] Total earnings available to common shareholders include distributed earnings of $9,842,000, or $0.34 per weighted average share, and undistributed earnings of $9,177,000, or $0.32 per weighted average share for the three months ended March 31, 2012. Total earnings available to common shareholders include distributed earnings of $8,983,000, or $0.34 per weighted average share, and undistributed earnings of $5,358,000, or $0.20 per weighted average share for the three months ended March 31, 2011.