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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest Income    
Interest and fees on loans held for investment$ 20,084$ 21,440$ 60,633$ 63,791
Interest on securities - taxable1,7112,8956,09410,411
Interest on securities - nontaxable1,1801,4514,0044,271
Interest on deposits in banks7554244134
Total interest income23,05025,84070,97578,607
Interest Expense    
Interest on deposits2,9984,87210,15115,480
Interest on borrowings2,3182,3717,0617,369
Total interest expense5,3167,24317,21222,849
Net interest income17,73418,59753,76355,758
Provision for loan losses1,9203,8106,61111,071
Net interest income after provision for loan losses15,81414,78747,15244,687
Noninterest Income    
Wealth management income8689092,6922,806
Service charges on deposit accounts3,4043,4579,7889,796
Other service charges and fees1,4261,2444,2933,775
Insurance commissions1,5231,6635,0275,253
Total impairment losses on securities(210) (737)(185)
Portion of loss recognized in other comprehensive income    
Net impairment losses recognized in earnings(210) (737)(185)
Net gains on sale of securities1782,5745,2384,025
Other operating income8771,0912,6272,950
Total noninterest income8,06610,93828,92828,420
Noninterest Expense    
Salaries and employee benefits8,4098,75326,22325,209
Occupancy expense of bank premises1,4761,5734,6914,852
Furniture and equipment expense8629262,6862,748
Amortization of intangible assets250260770769
FDIC premiums and assessments3487181,6402,129
FHLB debt prepayment fees  471 
Other operating expense4,7155,19915,38014,392
Total noninterest expense16,06017,42951,86150,099
Income before income taxes7,8208,29624,21923,008
Income tax expense2,5021,7437,4226,046
Net income5,3186,55316,79716,962
Dividends on preferred stock286 417 
Net income available to common shareholders$ 5,032$ 6,553$ 16,380$ 16,962
Basic earnings per common share$ 0.28$ 0.37$ 0.92$ 0.95
Diluted earnings per common share$ 0.28$ 0.37$ 0.91$ 0.95
Cash dividends per common share$ 0.10$ 0.10$ 0.30$ 0.30
Weighted average basic shares outstanding17,896,53417,808,34817,886,90217,787,233
Weighted average diluted shares outstanding19,205,63417,832,88218,533,36417,812,895