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Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME        
Interest and fees on loans $ 34,870 $ 37,037 $ 105,451 $ 107,715
Interest on investment securities:        
Taxable interest income 843 1,001 2,572 3,408
Tax-exempt interest income 472 487 1,428 1,471
Other, principally overnight investments 143 164 470 481
Total interest income 36,328 38,689 109,921 113,075
INTEREST EXPENSE        
Savings, checking and money market accounts 322 650 1,213 2,258
Time deposits of $100,000 or more 1,408 2,022 4,567 6,282
Other time deposits 613 1,097 2,121 3,535
Securities sold under agreements to repurchase          4
Borrowings 258 447 770 1,481
Total interest expense 2,601 4,216 8,671 13,560
Net interest income 33,727 34,473 101,250 99,515
Provision for loan losses - non-covered 3,487 5,970 13,301 29,721
Provision for loan losses - covered 1,493 1,103 8,419 5,374
Total provision for loan losses 4,980 7,073 21,720 35,095
Net interest income after provision for loan losses 28,747 27,400 79,530 64,420
NONINTEREST INCOME        
Service charges on deposit accounts 3,390 3,053 9,579 8,867
Other service charges, commissions and fees 2,402 2,275 6,917 6,634
Fees from presold mortgage loans 776 785 2,343 1,685
Commissions from sales of insurance and financial products 591 510 1,569 1,325
Bank-owned life insurance income 366 207 786 380
Foreclosed property gains (losses and write-downs) - non-covered 153 (1,020) 1,687 (3,026)
Foreclosed property gains (losses and write-downs) - covered 1,397 (1,641) (3,738) (12,742)
FDIC indemnification asset income (expense), net (3,786) (1,569) (2,296) 6,094
Securities gains 553 189 560 638
Other gains (losses) (234) 14 (204) 67
Total noninterest income 5,608 2,803 17,203 9,922
NONINTEREST EXPENSES        
Salaries 11,401 10,370 33,081 30,717
Employee benefits 2,248 2,539 7,421 9,230
Total personnel expense 13,649 12,909 40,502 39,947
Net occupancy expense 1,793 1,670 5,226 4,966
Equipment related expenses 1,157 1,318 3,351 3,652
Intangibles amortization 220 224 639 670
Other operating expenses 6,885 7,536 22,966 22,245
Total noninterest expenses 23,704 23,657 72,684 71,480
Income before income taxes 10,651 6,546 24,049 2,862
Income tax expense 4,318 2,123 9,028 331
Net income 6,333 4,423 15,021 2,531
Preferred stock dividends (216) (688) (678) (2,277)
Net income available to common shareholders $ 6,117 $ 3,735 $ 14,343 $ 254
Earnings per common share - Basic $ 0.31 $ 0.22 $ 0.73 $ 0.01
Earnings per common share - Diluted $ 0.3 $ 0.22 $ 0.71 $ 0.01
Dividends declared per common share $ 0.08 $ 0.08 $ 0.24 $ 0.24
Weighted average common shares outstanding: Basic 19,679,751 16,988,150 19,674,229 16,955,130
Weighted average common shares outstanding: Diluted 20,424,984 16,988,150 20,416,517 16,955,130