XML 19 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans and leases $ 26,505 $ 24,393 $ 50,948 $ 49,401
Interest and dividends on investment securities:        
Taxable interest 7,373 7,589 14,404 15,203
Tax-exempt interest 1,040 446 2,067 643
Dividends 6 4 11 7
Interest on deposits in other banks 68 47 157 128
Total interest income 34,992 32,479 67,587 65,382
Interest on deposits:        
Demand 87 89 168 175
Savings and money market 219 252 436 551
Time 720 962 1,479 2,035
Interest on long-term debt 793 917 1,662 1,860
Total interest expense 1,819 2,220 3,745 4,621
Net interest income 33,173 30,259 63,842 60,761
Provision (credit) for loan and lease losses (227) (6,630) (6,788) (11,620)
Net interest income after provision for loan and lease losses 33,400 36,889 70,630 72,381
Other operating income:        
Service charges on deposit accounts 1,583 2,273 3,174 4,589
Other service charges and fees 4,643 4,156 8,973 8,577
Income from fiduciary activities 686 642 1,383 1,268
Equity in earnings of unconsolidated subsidiaries 192 169 220 215
Fees on foreign exchange 128 192 199 282
Loan placement fees 178 193 327 433
Net gain on sales of residential loans 2,888 3,394 7,016 6,371
Net gain on sales of foreclosed assets 7,694   8,252  
Income from bank-owned life insurance 317 942 881 1,533
Other (497) 1,653 417 3,578
Total other operating income 17,812 13,614 30,842 26,846
Other operating expense:        
Salaries and employee benefits 18,242 17,629 36,777 34,255
Net occupancy 3,622 3,264 6,849 6,530
Equipment 878 1,021 1,836 1,978
Amortization of other intangible assets 2,109 3,031 4,357 4,792
Communication expense 870 816 1,820 1,670
Legal and professional services 1,945 3,806 4,255 7,863
Computer software expense 1,193 958 2,126 1,893
Advertising expense 728 857 1,540 1,726
Foreclosed asset expense 705 2,602 1,005 2,495
Write down of assets       1,759
Other 4,708 5,707 7,188 9,976
Total other operating expense 35,000 39,691 67,753 74,937
Income before income taxes 16,212 10,812 33,719 24,290
Income tax expense (benefit) 1,945   (117,857)  
Net income $ 14,267 $ 10,812 $ 151,576 $ 24,290
Per common share data:        
Basic earnings per share (in dollars per share) $ 0.34 $ 0.26 $ 3.62 $ 0.58
Diluted earnings per share (in dollars per share) $ 0.34 $ 0.26 $ 3.59 $ 0.58
Shares used in computation:        
Basic shares (in shares) 41,957 41,717 41,886 41,674
Diluted shares (in shares) 42,320 41,959 42,235 41,959