XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income:    
Interest and fees on loans and leases $ 24,443 $ 25,008
Interest and dividends on investment securities:    
Taxable interest 7,031 7,614
Tax-exempt interest 1,027 197
Dividends 5 3
Interest on deposits in other banks 89 81
Total interest income 32,595 32,903
Interest on deposits:    
Demand 81 86
Savings and money market 217 299
Time 759 1,073
Interest on long-term debt 869 943
Total interest expense 1,926 2,401
Net interest income 30,669 30,502
Provision (credit) for loan and lease losses (6,561) (4,990)
Net interest income after provision for loan and lease losses 37,230 35,492
Other operating income:    
Service charges on deposit accounts 1,591 2,316
Other service charges and fees 4,330 4,421
Income from fiduciary activities 697 626
Equity in earnings of unconsolidated subsidiaries 28 46
Fees on foreign exchange 71 90
Loan placement fees 149 240
Net gain on sales of residential loans 4,128 2,977
Income from bank-owned life insurance 564 591
Other 914 1,925
Total other operating income 12,472 13,232
Other operating expense:    
Salaries and employee benefits 18,535 16,626
Net occupancy 3,227 3,266
Equipment 958 957
Amortization of other intangible assets 2,248 1,761
Communication expense 950 854
Legal and professional services 2,310 4,057
Computer software expense 933 935
Advertising expense 812 869
Foreclosed asset expense (258) (107)
Write down of assets   1,759
Other 2,480 4,269
Total other operating expense 32,195 35,246
Income before income taxes 17,507 13,478
Income tax benefit (119,802)  
Net income $ 137,309 $ 13,478
Per common share data:    
Basic earnings per share (in dollars per share) $ 3.28 $ 0.32
Diluted earnings per share (in dollars per share) $ 3.25 $ 0.32
Shares used in computation:    
Basic shares (in shares) 41,816 41,631
Diluted shares (in shares) 42,297 41,839