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Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Loans held-for-sale $ 6 $ 10 $ 10 $ 29
Loans and leases, including fees 47,692 48,980 93,720 98,325
Accelerated accretion on acquired loans 7,521 5,707 12,213 7,658
Loans, including fees 55,219 54,697 105,943 106,012
Investment securities:        
Taxable 8,786 10,152 17,956 18,990
Tax-advantaged 5,785 5,921 11,581 11,840
Total investment income 14,571 16,073 29,537 30,830
Dividends from FHLB 94 66 184 131
Federal funds sold and interest-bearing deposits with other institutions 295 346 580 721
Total interest income 70,179 71,182 136,244 137,694
Interest expense:        
Deposits 1,554 2,220 3,207 5,008
Borrowings 4,876 5,742 9,847 11,538
Junior subordinated debentures 789 825 1,628 1,644
Total interest expense 7,219 8,787 14,682 18,190
Net interest income before provision for credit losses 62,960 62,395 121,562 119,504
Provisions for credit losses         7,068
Net interest income after provision for credit losses 62,960 62,395 121,562 112,436
Noninterest income:        
Net impairment loss on investment securities recognized in earnings 0 (119) 0 (119)
Service charges on deposit accounts 4,068 4,029 8,192 7,752
Trust and investment services 2,042 2,259 4,227 4,412
Bankcard services 1,007 816 1,926 1,524
BOLI Income 740 1,149 1,490 1,856
Decrease in FDIC loss sharing asset, net (9,336) (1,689) (12,280) (274)
Other 3,771 (451) 3,993 821
Total noninterest income 2,292 5,994 7,548 15,972
Noninterest expense:        
Salaries and employee benefits 16,646 18,220 33,367 35,880
Occupancy and equipment 3,624 4,081 7,572 8,402
Professional services 1,702 5,028 3,693 8,637
Software licenses and maintenance 989 1,075 1,898 2,035
Promotion 1,314 1,205 2,565 2,530
Amortization of Intangibles 452 866 1,268 1,767
Provision for unfunded commitments     0 732
OREO expense 323 1,670 1,053 2,776
Other 3,899 5,010 7,745 10,701
Total noninterest expense 28,949 37,155 59,161 73,460
Earnings before income taxes 36,303 31,234 69,949 54,948
Income taxes 12,684 10,196 24,062 17,310
Net earnings 23,619 21,038 45,887 37,638
Other comprehensive income:        
Less: Reclassification adjustment for net gain on securities included in net income 0 (119) 0 (119)
Unrealized (loss) gain on securities arising during the period 3,720 28,316 3,647 32,607
Other comprehensive income ,before tax 3,720 28,435 3,647 32,726
Income tax related to items of other comprehensive income (1,563) (12,009) (1,532) (13,745)
Other comprehensive income, Net of tax 2,157 16,426 2,115 18,981
Comprehensive income $ 25,776 $ 37,464 $ 48,002 $ 56,619
Basic earnings per common share $ 0.23 $ 0.20 $ 0.44 $ 0.35
Diluted earnings per common share $ 0.23 $ 0.20 $ 0.44 $ 0.35
Cash dividends per common share $ 0.085 $ 0.085 $ 0.17 $ 0.17