XML 115 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest Income      
Interest and fees on loans held for investment $ 96,600 $ 96,684 $ 80,580
Interest on securities - taxable 7,875 7,830 8,117
Interest on securities - nontaxable 4,790 4,883 5,194
Interest on deposits in banks 211 259 285
Total interest income 109,476 109,656 94,176
Interest Expense      
Interest on deposits 8,823 9,972 12,788
Interest on short-term borrowings 2,222 2,515 2,475
Interest on long-term debt 6,789 7,113 6,884
Total interest expense 17,834 19,600 22,147
Net interest income 91,642 90,056 72,029
Provision for loan losses 8,208 5,678 9,047
Net interest income after provision for loan losses 83,434 84,378 62,982
Noninterest Income      
Wealth management 3,412 3,701 3,510
Service charges on deposit accounts 13,558 14,063 13,238
Other service charges and fees 7,151 6,462 5,722
Insurance commissions 5,933 5,743 6,197
Impairment losses on securities (320) (942) (2,285)
Portion of losses recognized in other comprehensive income         
Net impairment losses recognized in earnings (320) (942) (2,285)
Net gain on sale of securities 399 483 5,264
Net FDIC indemnification asset (amortization) accretion (5,597) 458  
Other operating income 5,235 6,742 3,888
Total noninterest income 29,771 36,710 35,534
Noninterest Expense      
Salaries and employee benefits 41,235 38,667 34,126
Occupancy expense of bank premises 7,033 6,872 6,280
Furniture and equipment 4,966 4,145 3,490
Amortization of intangible assets 729 804 1,020
FDIC premiums and assessments 1,717 1,612 1,984
FHLB debt prepayment fees     471
Merger related expense 56 5,093  
Goodwill impairment     1,239
Other operating expense 23,249 21,190 20,305
Total noninterest expense 78,985 78,383 68,915
Income before income taxes 34,220 42,705 29,601
Income tax expense 10,908 14,128 9,573
Net income 23,312 28,577 20,028
Dividends on preferred stock 1,024 1,058 703
Net income available to common shareholders $ 22,288 $ 27,519 $ 19,325
Basic earnings per common share $ 1.13 $ 1.44 $ 1.08
Diluted earnings per common share $ 1.11 $ 1.40 $ 1.07
Cash dividends per common share $ 0.48 $ 0.43 $ 0.40
Weighted average basic shares outstanding 19,792,099 19,127,065 17,877,421
Weighted average diluted shares outstanding 20,961,800 20,419,569 18,687,521