XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except 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 held for investment $ 24,264 $ 20,853 $ 49,108 $ 40,221
Interest on securities - taxable 1,869 1,992 3,755 4,071
Interest on securities - nontaxable 1,207 1,265 2,415 2,461
Interest on deposits in banks 72 72 138 111
Total interest income 27,412 24,182 55,416 46,864
Interest expense        
Interest on deposits 2,283 2,360 4,645 4,765
Interest on short-term borrowings 579 589 1,169 1,184
Interest on long-term borrowings 1,688 1,749 3,378 3,454
Total interest expense 4,550 4,698 9,192 9,403
Net interest income 22,862 19,484 46,224 37,461
Provision for loan losses 3,205 1,620 4,347 2,542
Net interest income after provision for loan losses 19,657 17,864 41,877 34,919
Noninterest income        
Wealth management income 971 940 1,817 1,834
Service charges on deposit accounts 3,315 3,329 6,483 6,342
Other service charges and fees 1,793 1,564 3,579 3,149
Insurance commissions 1,308 1,336 2,974 2,912
Net gain (loss) on sale of securities 113 (9) 230 42
FDIC indemnification asset amortization (1,662)   (3,201)  
Other operating income 1,010 1,183 2,827 2,055
Total noninterest income 6,848 8,343 14,709 16,334
Noninterest expense        
Salaries and employee benefits 9,960 8,892 20,070 17,114
Occupancy expense of bank premises 1,795 1,654 3,650 3,180
Furniture and equipment 1,300 975 2,643 1,786
Amortization of intangible assets 183 189 362 422
FDIC premiums and assessments 469 290 941 612
Merger related expense 8 3,419 57 3,582
Other operating expense 4,818 4,713 10,354 9,629
Total noninterest expense 18,533 20,132 38,077 36,325
Income before income taxes 7,972 6,075 18,509 14,928
Income tax expense 2,537 1,997 5,933 4,849
Net income 5,435 4,078 12,576 10,079
Dividends on preferred stock 253 283 511 566
Net income available to common shareholders $ 5,182 $ 3,795 $ 12,065 $ 9,513
Basic earnings per common share $ 0.26 $ 0.20 $ 0.60 $ 0.52
Diluted earnings per common share $ 0.25 $ 0.20 $ 0.59 $ 0.52
Cash dividends per common share $ 0.12 $ 0.11 $ 0.24 $ 0.21
Weighted average basic shares outstanding 19,997,991 18,561,714 20,015,247 18,205,545
Weighted average diluted shares outstanding 21,340,521 19,909,242 21,367,146 19,549,582