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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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| Interest income: | ||||
| Interest and fees on loans | $ 28,395 | $ 34,396 | $ 89,582 | $ 109,330 |
| Interest on debt securities: | ||||
| Taxable | 2,190 | 2,043 | 6,545 | 6,210 |
| Nontaxable | 298 | 301 | 896 | 907 |
| Interest on interest-bearing deposits | 43 | 37 | 145 | 130 |
| Dividends on equity securities | 110 | 106 | 201 | 277 |
| Total interest income | 31,036 | 36,883 | 97,369 | 116,854 |
| Interest-bearing transaction accounts | ||||
| Interest-bearing transaction accounts | 163 | 99 | 385 | 360 |
| Money market accounts | 653 | 714 | 2,095 | 2,348 |
| Savings | 52 | 56 | 151 | 171 |
| Certificates of deposit: | ||||
| $100 and over | 1,335 | 1,326 | 3,997 | 4,207 |
| Other | 406 | 439 | 1,249 | 1,385 |
| Subordinated debentures | 306 | 679 | 1,016 | 2,580 |
| Federal Home Loan Bank advances | 490 | 757 | 1,345 | 2,221 |
| Notes payable and other borrowings | 187 | 239 | 579 | 801 |
| Total interest expense | 3,592 | 4,309 | 10,817 | 14,073 |
| Net interest income | 27,444 | 32,574 | 86,552 | 102,781 |
| Provision for portfolio loan losses | 66 | (652) | 2,441 | (3,094) |
| Provision for purchase credit impaired loan losses | (1,877) | 2,811 | 957 | 2,789 |
| Net interest income after provision for loan losses | 29,255 | 30,415 | 83,154 | 103,086 |
| Noninterest income: | ||||
| Wealth Management revenue | 1,754 | 1,698 | 5,191 | 5,419 |
| Service charges on deposit accounts | 1,812 | 1,768 | 5,317 | 5,025 |
| Other service charges and fee income | 849 | 722 | 2,188 | 2,030 |
| Gain on sale of other real estate | 114 | 472 | 1,514 | 1,562 |
| Gain on state tax credits, net | 156 | 308 | 860 | 1,214 |
| Gain on sale of investment securities | 0 | 611 | 0 | 1,295 |
| Change in FDIC loss share receivable | (2,374) | (2,849) | (7,526) | (13,647) |
| Miscellaneous income | 2,141 | 986 | 4,235 | 2,055 |
| Total noninterest income | 4,452 | 3,716 | 11,779 | 4,953 |
| Noninterest expense: | ||||
| Employee compensation and benefits | 11,913 | 10,777 | 35,882 | 33,006 |
| Occupancy | 1,683 | 1,689 | 4,998 | 5,298 |
| Data processing | 1,045 | 1,143 | 3,296 | 3,000 |
| FDIC and other insurance | 710 | 900 | 2,170 | 2,592 |
| Loan legal and other real estate expense | 811 | 1,247 | 2,985 | 3,355 |
| Professional fees | 710 | 1,041 | 2,569 | 3,394 |
| FDIC clawback | 1,028 | 62 | 1,060 | 815 |
| Other | 3,221 | 4,149 | 9,708 | 10,979 |
| Total noninterest expense | 21,121 | 21,008 | 62,668 | 62,439 |
| Income before income tax expense | 12,586 | 13,123 | 32,265 | 45,600 |
| Income tax expense | 4,388 | 4,713 | 11,059 | 16,117 |
| Net income | $ 8,198 | $ 8,410 | $ 21,206 | $ 29,483 |
| Earnings per common share | ||||
| Basic (usd per share) | $ 0.41 | $ 0.45 | $ 1.07 | $ 1.61 |
| Diluted (usd per share) | $ 0.41 | $ 0.44 | $ 1.07 | $ 1.55 |
| X | ||||||||||
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- Definition
Change in FDIC loss share receivable No definition available.
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- Definition
FDIC and other insurance No definition available.
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- Definition
Gain on state tax credits, net No definition available.
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- Definition
Loan legal and other real estate expense No definition available.
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- Definition
Provision for loan losses covered under FDIC loss share No definition available.
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- Definition
Provision for loan losses not covered under FDIC loss share No definition available.
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- Definition
Amount of operating dividend income on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of repayments and penalties incurred in the satisfaction or roll-over of Federal Home Loan Bank (FHLB) advance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) use of automated teller machines or remote service units; (9) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (10) issuing stop payment orders; (11) certifying checks; and (12) accumulating or disbursing funds deposited in IRAs or Keogh Plan accounts when not handled by the bank's trust department. This item does not include penalties assessed on the early withdrawal of time deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income from services rendered by trust departments or by any consolidated subsidiaries acting in a fiduciary capacity, including fees earned for (1) acting as an agent for fiduciary placement and loans and (2) custody or investment advisory services when such fees are not separately billed to the customer. This item excludes commissions and fees received for the accumulation or disbursement of funds deposited to Individual Retirement or Keogh plan accounts when such are not handled by the reporting entity's trust department. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fee and commission revenue earned from sources not otherwise specified in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the carrying value and the sale price of debt securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of interest expense on domestic checking deposit liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense incurred on federal funds purchased and securities sold under agreements to repurchase. If amounts recognized as payables under repurchase agreements have been offset against amounts recognized as receivables under reverse repurchase agreements and reported as a net amount on the balance sheet, the income and expense from these agreements may be reported on a net basis. No definition available.
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- Definition
Interest expense incurred during the reporting period on long-term borrowings associated with Federal Home Loan Bank and Federal Reserve Bank advances. No definition available.
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- Definition
Interest expense incurred on all money market deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest expense incurred on all savings account deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest expense incurred during the reporting period on subordinated notes and debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest expense incurred on time deposits, including certificates of deposits, of $100,000 or more in domestic offices. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Interest expense incurred on time deposits, including certificates of deposits, less than $100,000 in domestic offices. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest earned on deposits in United States money market accounts and other United States interest earning accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Represents other forms of revenue earned, excluding interest, which is not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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