Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest and dividend income:        
Interest and fees on loans $ 40,836 $ 42,664 $ 121,743 $ 126,999
Interest on Federal funds sold 1 1 1 1
Interest on deposits in other banks 6 24 64 60
Interest and dividends on securities:        
Taxable 2,846 3,146 9,482 10,400
Nontaxable 1,814 1,771 5,391 5,294
Total interest and dividend income 45,503 47,606 136,681 142,754
Interest expense:        
Interest on deposits 4,726 5,924 15,084 18,774
Interest on Federal funds purchased 28   29 7
Interest on short-term borrowings 69 92 160 258
Interest on long-term borrowings 1,918 2,144 6,212 5,846
Total interest expense 6,741 8,160 21,485 24,885
Net interest income 38,762 39,446 115,196 117,869
Provision for loan losses 2,400 3,600 8,900 14,400
Net interest income after provision for loan losses 36,362 35,846 106,296 103,469
Noninterest income:        
Service charges on deposit accounts 2,222 2,294 6,643 6,568
Other service charges, commissions and fees 3,655 3,254 10,692 9,529
Gains (losses) on securities transactions, net (1) 499 4 483
Other-than-temporary impairment losses    (400)    (400)
Gains on sales of mortgage loans 8,918 4,861 21,529 14,132
Gains (losses) on bank premises, net (309) (16) 34 (644)
Other operating income 1,067 919 3,084 2,715
Total noninterest income 15,552 11,411 41,986 32,383
Noninterest expenses:        
Salaries and benefits 21,279 18,076 61,204 53,310
Occupancy expenses 3,262 2,885 9,001 8,307
Furniture and equipment expenses 1,809 1,756 5,440 5,097
Other operating expenses 11,968 11,787 36,252 38,891
Total noninterest expenses 38,318 34,504 111,897 105,605
Income before income taxes 13,596 12,753 36,385 30,247
Income tax expense 3,970 3,682 10,416 8,162
Net income 9,626 9,071 25,969 22,085
Dividends paid and accumulated on preferred stock    462    1,386
Accretion of discount on preferred stock    66    195
Net income available to common shareholders $ 9,626 $ 8,543 $ 25,969 $ 20,504
Earnings per common share, basic $ 0.37 $ 0.33 $ 1.00 $ 0.79
Earnings per common share, diluted $ 0.37 $ 0.33 $ 1.00 $ 0.79