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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans and leases $ 28,364 $ 26,414 $ 83,287 $ 77,362
Interest and dividends on investment securities:        
Taxable interest 7,744 8,114 25,716 22,518
Tax-exempt interest 1,002 992 2,996 3,059
Dividends 8 5 10 16
Interest on deposits in other banks 9 21 24 178
Dividends on Federal Home Loan Bank stock 12 12 35 12
Total interest income 37,139 35,558 112,068 103,145
Interest on deposits:        
Demand 96 91 277 259
Savings and money market 225 227 672 663
Time 629 671 1,880 2,150
Interest on short-term borrowings 10 3 82 3
Interest on long-term debt 647 795 1,923 2,457
Total interest expense 1,607 1,787 4,834 5,532
Net interest income 35,532 33,771 107,234 97,613
Provision (credit) for loan and lease losses (1,722) (3,189) (1,043) (9,977)
Net interest income after provision for loan and lease losses 37,254 36,960 108,277 107,590
Other operating income:        
Service charges on deposit accounts 2,070 1,776 6,052 4,950
Loan servicing fees 1,446 1,509 4,338 4,578
Other service charges and fees 2,886 3,422 8,912 9,326
Income from fiduciary activities 797 724 2,687 2,107
Equity in earnings of unconsolidated subsidiaries 11 513 422 733
Fees on foreign exchange 118 149 351 348
Investment securities gains     240  
Income from bank-owned life insurance 810 611 2,246 1,492
Loan placement fees 35 81 356 408
Net gain on sales of residential loans 1,685 1,476 4,151 8,492
Net gain on sales of foreclosed assets 218 276 962 8,528
Other 1,387 1,393 2,894 1,810
Total other operating income 11,463 11,930 33,611 42,772
Other operating expense:        
Salaries and employee benefits 16,552 19,167 50,536 55,944
Net occupancy 4,051 3,802 11,375 10,651
Equipment 953 952 2,694 2,788
Amortization of other intangible assets 1,328 1,637 3,886 5,994
Communication expense 925 907 2,693 2,727
Legal and professional services 1,786 2,155 5,826 6,410
Computer software expense 1,659 1,056 4,592 3,182
Advertising expense 673 601 2,037 2,141
Foreclosed asset expense 1,355 (12) 1,443 993
Other 5,964 6,247 14,982 13,435
Total other operating expense 35,246 36,512 100,064 104,265
Income before income taxes 13,471 12,378 41,824 46,097
Income tax expense (benefit) 5,241 2,174 14,636 (115,683)
Net income $ 8,230 $ 10,204 $ 27,188 $ 161,780
Per common share data:        
Basic earnings per share (in dollars per share) $ 0.23 $ 0.24 $ 0.72 $ 3.86
Diluted earnings per share (in dollars per share) $ 0.23 $ 0.24 $ 0.71 $ 3.83
Cash dividends declared (in dollars per share) $ 0.10 $ 0.08 $ 0.26 $ 0.08
Shares used in computation:        
Basic shares (in shares) 35,863 42,028 37,943 41,934
Diluted shares (in shares) 36,353 42,421 38,440 42,263