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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans and leases $ 24,393 $ 26,464 $ 49,401 $ 55,030
Interest and dividends on investment securities:        
Taxable interest 7,589 7,241 15,203 12,462
Tax-exempt interest 446 179 643 363
Dividends 4   7 3
Interest on deposits in other banks 47 300 128 689
Total interest income 32,479 34,184 65,382 68,547
Interest on deposits:        
Demand 89 161 175 293
Savings and money market 252 500 551 1,232
Time 962 1,902 2,035 4,279
Interest on short-term borrowings       204
Interest on long-term debt 917 2,642 1,860 5,359
Total interest expense 2,220 5,205 4,621 11,367
Net interest income 30,259 28,979 60,761 57,180
Provision (credit) for loan and lease losses (6,630) (8,784) (11,620) (10,359)
Net interest income after provision for loan and lease losses 36,889 37,763 72,381 67,539
Other operating income:        
Service charges on deposit accounts 2,273 2,449 4,589 5,063
Other service charges and fees 4,156 4,444 8,577 8,502
Income from fiduciary activities 642 739 1,268 1,500
Equity in earnings of unconsolidated subsidiaries 169 38 215 165
Fees on foreign exchange 192 149 282 286
Investment securities gains   261   261
Loan placement fees 193 82 433 184
Net gain on sales of residential loans 3,394 1,005 6,371 3,203
Income from bank-owned life insurance 942 980 1,533 2,170
Other 1,653 790 3,578 2,103
Total other operating income 13,614 10,937 26,846 23,437
Other operating expense:        
Salaries and employee benefits 17,629 15,442 34,255 30,475
Net occupancy 3,264 3,410 6,530 6,768
Equipment 1,021 1,154 1,978 2,284
Amortization and impairment of other intangible assets 3,031 1,629 4,792 3,176
Communication expense 816 922 1,670 1,803
Legal and professional services 3,806 4,023 7,863 6,740
Computer software expense 958 929 1,893 1,812
Advertising expense 857 830 1,726 1,666
Foreclosed asset expense 2,602 (1,222) 2,495 763
Write down of assets   3,090 1,759 4,655
Other 5,707 10,282 9,976 17,984
Total other operating expense 39,691 40,489 74,937 78,126
Income before income taxes 10,812 8,211 24,290 12,850
Income tax expense 0   0  
Net income 10,812 8,211 24,290 12,850
Preferred stock dividends, accretion of discount and conversion of preferred stock to common stock       (83,897)
Net income available to common shareholders $ 10,812 $ 8,211 $ 24,290 $ 96,747
Per common share data:        
Basic earnings per share (in dollars per share) $ 0.26 $ 0.20 $ 0.58 $ 3.22
Diluted earnings per share (in dollars per share) $ 0.26 $ 0.20 $ 0.58 $ 3.15
Shares used in computation:        
Basic shares (in shares) 41,717 40,700 41,674 30,059
Diluted shares (in shares) 41,959 41,078 41,959 30,733