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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (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 and leases $ 25,008 $ 28,566
Interest and dividends on investment securities:    
Taxable interest 7,614 5,221
Tax-exempt interest 197 184
Dividends 3 3
Interest on deposits in other banks 81 389
Total interest income 32,903 34,363
Interest on deposits:    
Demand 86 132
Savings and money market 299 732
Time 1,073 2,377
Interest on short-term borrowings 0 204
Interest on long-term debt 943 2,717
Total interest expense 2,401 6,162
Net interest income 30,502 28,201
Provision (credit) for loan and lease losses (4,990) (1,575)
Net interest income after provision for loan and lease losses 35,492 29,776
Other operating income:    
Service charges on deposit accounts 2,316 2,614
Other service charges and fees 4,421 4,058
Income from fiduciary activities 626 761
Equity in earnings of unconsolidated subsidiaries 46 127
Fees on foreign exchange 90 137
Loan placement fees 240 102
Net gain on sales of residential loans 2,977 2,198
Income from bank-owned life insurance 591 1,190
Other 1,925 1,313
Total other operating income 13,232 12,500
Other operating expense:    
Salaries and employee benefits 16,626 15,033
Net occupancy 3,266 3,358
Equipment 957 1,130
Amortization of other intangible assets 1,761 1,547
Communication expense 854 881
Legal and professional services 4,057 2,717
Computer software expense 935 883
Advertising expense 869 836
Foreclosed asset expense (107) 1,985
Write down of assets 1,759 1,565
Other 4,269 7,702
Total other operating expense 35,246 37,637
Income before income taxes 13,478 4,639
Income tax expense 0 0
Net income 13,478 4,639
Preferred stock dividends, accretion of discount and conversion of preferred stock to common stock 0 (83,897)
Net income available to common shareholders $ 13,478 $ 88,536
Per common share data:    
Basic earnings per share (in dollars per share) $ 0.32 $ 4.59
Diluted earnings per share (in dollars per share) $ 0.32 $ 4.58
Shares used in computation:    
Basic shares (in shares) 41,631 19,301
Diluted shares (in shares) 41,839 19,321