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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME    
Interest and fees on loans $ 35,042 $ 36,807
Interest on investment securities:    
Taxable interest income 1,258 1,432
Tax-exempt interest income 493 500
Other, principally overnight investments 139 90
Total interest income 36,932 38,829
INTEREST EXPENSE    
Savings, checking and money market 849 1,230
Time deposits of $100,000 or more 2,175 2,604
Other time deposits 1,269 2,169
Securities sold under agreements to repurchase 4 50
Borrowings 544 462
Total interest expense 4,841 6,515
Net interest income 32,091 32,314
Provision for loan losses - non-covered 18,557 7,570
Provision for loan losses - covered 2,998 3,773
Total provision for loan losses 21,555 11,343
Net interest income after provision for loan losses 10,536 20,971
NONINTEREST INCOME    
Service charges on deposit accounts 2,847 2,645
Other service charges, commissions and fees 2,192 1,915
Fees from presold mortgage loans 411 295
Commissions from sales of insurance and financial products 383 355
Gain from acquisition    10,196
Foreclosed property losses and write-downs - non-covered (688) (1,353)
Foreclosed property losses and write-downs - covered (4,547) (4,934)
FDIC indemnification asset income, net 4,105 5,040
Securities gains 452 14
Other gains 194 20
Total noninterest income 5,349 14,193
NONINTEREST EXPENSES    
Salaries 10,174 9,711
Employee benefits 3,914 3,202
Total personnel expense 14,088 12,913
Net occupancy expense 1,681 1,672
Equipment related expenses 1,170 1,062
Intangibles amortization 223 224
Acquisition expenses    351
Other operating expenses 7,213 8,821
Total noninterest expenses 24,375 25,043
Income before income taxes (8,490) 10,121
Income taxes (3,308) 3,746
Net income (5,182) 6,375
Preferred stock dividends (760) (813)
Accretion of preferred stock discount    (229)
Net income (loss) available to common shareholders $ (5,942) $ 5,333
Earnings (loss) per common share:    
Basic $ (0.35) $ 0.32
Diluted $ (0.35) $ 0.32
Dividends declared per common share $ 0.08 $ 0.08
Weighted average common shares outstanding:    
Basic 16,924,616 16,813,941
Diluted 16,924,650 16,841,787