Annual report pursuant to Section 13 and 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
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest and dividend income:      
Interest and fees on loans $ 162,637 $ 168,479 $ 169,549
Interest on Federal funds sold 1 1 17
Interest on deposits in other banks 70 130 79
Interest and dividends on securities:      
Taxable 11,904 13,380 13,974
Nontaxable 7,251 7,083 6,202
Total interest and dividend income 181,863 189,073 189,821
Interest expense:      
Interest on deposits 19,446 24,346 30,742
Interest on Federal funds purchased 50 7 33
Interest on short-term borrowings 234 352 1,480
Interest on long-term borrowings 7,778 8,008 5,990
Total interest expense 27,508 32,713 38,245
Net interest income 154,355 156,360 151,576
Provision charged to operations 12,200 16,800 24,368
Net interest income after provision for loan losses 142,155 139,560 127,208
Noninterest income:      
Service charges on deposit accounts 9,033 8,826 9,105
Other service charges, commissions and fees 10,898 9,736 8,874
Gains on securities transactions, net 190 913 58
Other-than-temporary impairment losses   (400)  
Gains on sales of loans 16,651 11,052 11,798
Gains (losses) on sales of bank bank premises 2 (996) 421
Other operating income 4,294 3,833 3,961
Total noninterest income 41,068 32,964 34,217
Noninterest expenses:      
Salaries and benefits 68,648 62,865 57,560
Occupancy expenses 12,150 11,104 11,417
Furniture and equipment expenses 7,251 6,920 6,594
Other operating expenses 45,430 49,926 54,349
Total noninterest expenses 133,479 130,815 129,920
Income before income taxes 49,744 41,709 31,505
Income tax expense 14,333 11,264 8,583
Net income 35,411 30,445 22,922
Dividends paid on preferred stock   1,499 1,688
Amortization of discount on preferred stock   1,177 226
Net income available to common shareholders $ 35,411 $ 27,769 $ 21,008
Earnings per common share, basic $ 1.37 $ 1.07 $ 0.83
Earnings per common share, diluted $ 1.37 $ 1.07 $ 0.83