XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME:    
Interest and fees on loans $ 63,419 $ 33,085
Interest on securities 4,909 3,930
Interest on federal funds sold and other investments 227 179
Total interest income 68,555 37,194
INTEREST EXPENSE:    
Interest on deposits 5,403 5,131
Interest on FHLB advances 1,626 2,572
Interest on other borrowings 667 608
Total interest expense 7,696 8,311
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 60,859 28,883
PROVISION FOR LOAN LOSSES 2,600 5,262
NET INTEREST INCOME (LOSS) AFTER PROVISION FOR LOAN LOSSES 58,259 23,621
NON-INTEREST INCOME:    
Service fees on deposit accounts 3,160 1,497
International service fees 1,224 570
Loan servicing fees, net 1,337 463
Wire transfer fees 741 322
Other income and fees 1,340 507
Net gains on sales of SBA loans 2,963 1,160
Net gains on sales and calls of securities available for sale 816 0
Net valuation gains (losses) on interest rate swaps and caps 3 (11)
Net gains on sales of OREO 61 2
Total non-interest income 11,645 4,510
NON-INTEREST EXPENSE:    
Salaries and employee benefits 14,079 7,154
Occupancy 3,646 2,437
Furniture and equipment 1,218 935
Advertising and marketing 1,458 579
Data processing and communications 1,611 983
Professional fees 613 709
FDIC assessments 1,037 1,289
Credit related expenses 2,180 744
Merger and integration expense 1,773 511
Other 2,820 1,354
Total non-interest expense 30,435 16,695
INCOME BEFORE INCOME TAX PROVISION 39,469 11,436
INCOME TAX PROVISION 15,535 4,690
NET INCOME 23,934 6,746
DIVIDENDS AND DISCOUNT ACCRETION ON PREFERRED STOCK (1,869) (1,075)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 22,065 $ 5,671
EARNINGS PER COMMON SHARE    
Basic $ 0.28 $ 0.15
Diluted $ 0.28 $ 0.15