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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income      
Interest and fees on loans held for investment $ 80,580 $ 84,741 $ 82,704
Interest on securities - taxable 8,117 12,704 19,093
Interest on securities - nontaxable 5,194 5,943 5,972
Interest on deposits in banks 285 194 165
Total interest income 94,176 103,582 107,934
Interest Expense      
Interest on deposits 12,788 19,887 27,796
Interest on short-term borrowings 2,475 2,883 3,297
Interest on long-term debt 6,884 6,955 7,589
Total interest expense 22,147 29,725 38,682
Net interest income 72,029 73,857 69,252
Provision for loan losses 9,047 14,757 15,801
Net interest income after provision for loan losses 62,982 59,100 53,451
Noninterest Income      
Wealth management income 3,510 3,828 4,147
Service charges on deposit accounts 13,238 13,128 13,892
Other service charges and fees 5,722 5,074 4,715
Insurance commissions 6,197 6,727 6,988
Total impairment losses on securities (2,285) (185) (88,435)
Portion of loss recognized in other comprehensive income     9,572
Net impairment losses recognized in earnings (2,285) (185) (78,863)
Net gains (losses) on sale of securities 5,264 8,273 (11,673)
Net gains on acquisitions     4,493
Other operating income 3,888 3,663 2,624
Total noninterest income 35,534 40,508 (53,677)
Noninterest Expense      
Salaries and employee benefits 34,126 34,528 31,385
Occupancy expense of bank premises 6,280 6,438 5,889
Furniture and equipment expense 3,490 3,713 3,746
Amortization of intangible assets 1,020 1,032 1,028
FDIC premiums and assessments 1,984 2,856 4,262
FHLB debt prepayment fees 471   88
Merger related expenses     1,726
Goodwill impairment 1,239 1,039  
Other operating expense 20,305 20,337 18,500
Total noninterest expense 68,915 69,943 66,624
Income (loss) before income taxes 29,601 29,665 (66,850)
Income tax expense (benefit) 9,573 7,818 (28,154)
Net income (loss) 20,028 21,847 (38,696)
Dividends on preferred stock 703   2,160
Net income (loss) available to common shareholders $ 19,325 $ 21,847 $ (40,856)
Basic earnings (loss) per common share $ 1.08 $ 1.23 $ (2.75)
Diluted earnings (loss) per common share $ 1.07 $ 1.23 $ (2.75)
Cash dividends per common share $ 0.40 $ 0.40 $ 0.30
Weighted average basic shares outstanding 17,877,421 17,802,009 14,868,547
Weighted average diluted shares outstanding 18,691,081 17,822,944 14,868,547