XML 63 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Interest and fees on loans $ 28,953 $ 34,376 $ 58,394 $ 70,462
Interest on investment securities:        
Taxable interest income 1,664 876 3,023 1,877
Tax-exempt interest income 457 471 920 941
Other, principally overnight investments 186 232 381 351
Total interest income 31,260 35,955 62,718 73,631
INTEREST EXPENSE        
Savings, checking and money market accounts 281 259 550 511
Time deposits of $100,000 or more 732 1,172 1,579 2,355
Other time deposits 327 419 669 875
Borrowings 315 297 612 547
Total interest expense 1,655 2,147 3,410 4,288
Net interest income 29,605 33,808 59,308 69,343
Provision for loan losses - non-covered 1,001 1,158 1,105 4,523
Provision (reversal) for loan losses - covered (160) 2,501 (428) 2,711
Total provision for loan losses 841 3,659 677 7,234
Net interest income after provision for loan losses 28,764 30,149 58,631 62,109
NONINTEREST INCOME        
Service charges on deposit accounts 2,881 3,446 5,773 7,019
Other service charges, commissions and fees 2,771 2,562 5,313 4,929
Fees from presold mortgage loans 731 790 1,539 1,397
Commissions from sales of insurance and financial products 665 706 1,226 1,300
Bank-owned life insurance income 383 318 754 645
Foreclosed property gains (losses) - non-covered (580) (551) (1,075) (707)
Foreclosed property gains (losses) - covered 254 (1,173) 492 (3,290)
FDIC indemnification asset income (expense), net $ (1,828) (1,578) $ (4,220) (6,494)
Securities gains   786   786
Other gains (losses) $ (273) (336) $ (269) (317)
Total noninterest income 5,004 4,970 9,533 5,268
NONINTEREST EXPENSES        
Salaries 11,581 11,366 23,078 23,014
Employee benefits 2,298 2,286 4,481 4,597
Total personnel expense 13,879 13,652 27,559 27,611
Net occupancy expense 1,812 1,804 3,681 3,684
Equipment related expenses 949 1,024 1,905 1,952
Intangibles amortization 180 194 360 388
Other operating expenses 7,480 8,106 14,509 14,696
Total noninterest expenses 24,300 24,780 48,014 48,331
Income before income taxes 9,468 10,339 20,150 19,046
Income tax expense 3,224 3,693 6,918 6,724
Net income 6,244 6,646 13,232 12,322
Preferred stock dividends (212) (217) (429) (434)
Net income available to common shareholders $ 6,032 $ 6,429 $ 12,803 $ 11,888
Earnings per common share: Basic $ 0.30 $ 0.33 $ 0.65 $ 0.60
Earnings per common share: Diluted 0.30 0.32 0.63 0.59
Dividends declared per common share $ 0.08 $ 0.08 $ 0.16 $ 0.16
Weighted average common shares outstanding: Basic 19,778,640 19,698,581 19,750,316 19,693,382
Weighted average common shares outstanding: Diluted 20,508,955 20,434,263 20,481,466 20,428,861