XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income:    
Loans and leases, including fees $ 41,654 $ 46,032
Accretion on acquired loans 4,393 4,692
Loans, including fees 46,047 50,724
Investment securities:    
Taxable 6,747 9,170
Tax-advantaged 5,541 5,796
Total investment income 12,288 14,966
Dividends from FHLB stock 343 90
Federal funds sold 14 185
Interest-earning deposits with other institutions 121 100
Total interest income 58,813 66,065
Interest expense:    
Deposits 1,241 1,653
Borrowings 2,700 4,971
Junior subordinated debentures 283 839
Total interest expense 4,224 7,463
Net interest income before provision for credit losses 54,589 58,602
Provision for credit losses      
Net interest income after provision for credit losses 54,589 58,602
Noninterest income:    
Service charges on deposit accounts 3,826 4,124
Trust and investment services 2,005 2,185
Bankcard services 839 919
BOLI income 743 750
Gain on sale of securities, net 2,094  
Decrease in FDIC loss sharing asset, net (4,023) (2,944)
Other 1,261 222
Total noninterest income 6,745 5,256
Noninterest expense:    
Salaries and employee benefits 17,300 16,721
Occupancy and equipment 3,682 3,948
Professional services 1,596 1,991
Software licenses and maintenance 1,152 909
Promotion 1,258 1,251
Amortization of intangibles 438 816
OREO expense 330 730
Other 5,042 3,846
Total noninterest expense 30,798 30,212
Earnings before income taxes 30,536 33,646
Income taxes 8,921 11,378
Net earnings 21,615 22,268
Other comprehensive income (loss):    
Unrealized loss on securities arising during the period (11,696) (73)
Less: Reclassification adjustment for net gain on securities included in net income (2,094)  
Other comprehensive loss, before tax (13,790) (73)
Income tax benefit related to items of other comprehensive loss 5,792 31
Other comprehensive loss, net of tax (7,998) (42)
Comprehensive income $ 13,617 $ 22,226
Basic earnings per common share $ 0.21 $ 0.21
Diluted earnings per common share $ 0.21 $ 0.21
Cash dividends declared per common share $ 0.085 $ 0.085