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Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Loans held-for-sale $ 4,000 $ 20,000
Loans and leases, including fees 46,028,000 49,344,000
Accelerated accretion on acquired loans 4,692,000 1,951,000
Loans, including fees 50,724,000 51,315,000
Investment securities:    
Taxable 9,170,000 8,839,000
Tax-advantaged 5,796,000 5,919,000
Total investment income 14,966,000 14,758,000
Dividends from FHLB 90,000 65,000
Federal funds sold and interest-bearing deposits with other institutions 285,000 374,000
Total interest income 66,065,000 66,512,000
Interest expense:    
Deposits 1,653,000 2,788,000
Borrowings 4,971,000 5,796,000
Junior subordinated debentures 839,000 819,000
Total interest expense 7,463,000 9,403,000
Net interest income 58,602,000 57,109,000
Provision for credit losses    7,068,000
Net interest income after provision for credit losses 58,602,000 50,041,000
Noninterest income:    
Service charges on deposit accounts 4,124,000 3,723,000
Trust and Investment Services 2,185,000 2,152,000
Bankcard services 919,000 708,000
BOLI Income 750,000 707,000
Increase (decrease) in FDIC loss sharing asset, net (2,944,000) 1,415,000
Other 222,000 1,273,000
Total noninterest income 5,256,000 9,978,000
Noninterest expense:    
Salaries and employee benefits 16,721,000 17,660,000
Occupancy and equipment 3,948,000 4,321,000
Professional services 1,991,000 3,610,000
Software licenses and maintenance 909,000 960,000
Promotion 1,251,000 1,326,000
Amortization of Intangibles 816,000 901,000
Provision for unfunded commitments 0 732,000
OREO expense 730,000 1,105,000
Other 3,846,000 5,690,000
Total noninterest expense 30,212,000 36,305,000
Earnings before income taxes 33,646,000 23,714,000
Income taxes 11,378,000 7,114,000
Net earnings 22,268,000 16,600,000
Other comprehensive income:    
Unrealized (loss) gain on securities arising during the period (73,000) 4,291,000
Less: Reclassification adjustment for net gain on securities included in net income      
Other comprehensive income, before tax (73,000) 4,291,000
Income tax related to items of other comprehensive income 31,000 (1,736,000)
Other comprehensive income, net of tax (42,000) 2,555,000
Comprehensive income $ 22,226,000 $ 19,155,000
Basic earnings per common share $ 0.21 $ 0.16
Diluted earnings per common share $ 0.21 $ 0.16
Cash dividends per common share $ 0.085 $ 0.085