XML 103 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income      
Interest and fees on loans held for investment $ 96,684 $ 80,580 $ 84,741
Interest on securities - taxable 7,830 8,117 12,704
Interest on securities - nontaxable 4,883 5,194 5,943
Interest on deposits in banks 259 285 194
Total interest income 109,656 94,176 103,582
Interest Expense      
Interest on deposits 9,972 12,788 19,887
Interest on short-term borrowings 2,515 2,475 2,883
Interest on long-term debt 7,113 6,884 6,955
Total interest expense 19,600 22,147 29,725
Net interest income 90,056 72,029 73,857
Provision for loan losses 5,678 9,047 14,757
Net interest income after provision for loan losses 84,378 62,982 59,100
Noninterest Income      
Wealth management income 3,701 3,510 3,828
Service charges on deposit accounts 14,063 13,238 13,128
Other service charges and fees 6,462 5,722 5,074
Insurance commissions 5,743 6,197 6,727
Impairment losses on securities (942) (2,285) (185)
Portion of losses recognized in other comprehensive income         
Net impairment losses recognized in earnings (942) (2,285) (185)
Net gains on sale of securities 483 5,264 8,273
Other operating income 7,200 3,888 3,663
Total noninterest income 36,710 35,534 40,508
Noninterest Expense      
Salaries and employee benefits 38,667 34,126 34,528
Occupancy expense of bank premises 6,872 6,280 6,438
Furniture and equipment expense 4,145 3,490 3,713
Amortization of intangible assets 804 1,020 1,032
FDIC premiums and assessments 1,612 1,984 2,856
FHLB debt prepayment fees   471  
Merger related expenses 5,093    
Goodwill impairment   1,239 1,039
Other operating expense 21,190 20,305 20,337
Total noninterest expense 78,383 68,915 69,943
Income before income taxes 42,705 29,601 29,665
Income tax expense 14,128 9,573 7,818
Net income 28,577 20,028 21,847
Dividends on preferred stock 1,058 703  
Net income available to common shareholders $ 27,519 $ 19,325 $ 21,847
Basic earnings per common share $ 1.44 $ 1.08 $ 1.23
Diluted earnings per common share $ 1.40 $ 1.07 $ 1.23
Cash dividends per common share $ 0.43 $ 0.40 $ 0.40
Weighted average basic shares outstanding 19,127,065 17,877,421 17,802,009
Weighted average diluted shares outstanding 20,481,398 18,691,081 17,822,944