Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest and dividend income:      
Interest and fees on loans $ 155,547,000 $ 162,637,000 $ 168,479,000
Interest on Federal funds sold 1,000 1,000 1,000
Interest on deposits in other banks 17,000 62,000 123,000
Interest and dividends on securities:      
Taxable 8,202,000 11,912,000 13,387,000
Nontaxable 8,360,000 7,251,000 7,083,000
Total interest and dividend income 172,127,000 181,863,000 189,073,000
Interest expense:      
Interest on deposits 14,097,000 19,446,000 24,346,000
Interest on federal funds purchased 89,000 50,000 7,000
Interest on short-term borrowings 265,000 234,000 352,000
Interest on long-term borrowings 6,050,000 7,778,000 8,008,000
Total interest expense 20,501,000 27,508,000 32,713,000
Net interest income 151,626,000 154,355,000 156,360,000
Provision for loan losses 6,056,000 12,200,000 16,800,000
Net interest income after provision for loan losses 145,570,000 142,155,000 139,560,000
Noninterest income:      
Service charges on deposit accounts 9,492,000 9,033,000 8,826,000
Other service charges, commissions and fees 12,309,000 10,898,000 9,736,000
Gains on securities transactions, net 21,000 190,000 913,000
Other-than-temporary impairment losses     (400,000)
Gains on sales of mortgage loans, net of commissions 11,900,000 16,651,000 11,052,000
(Losses) gains on sales of bank premises (340,000) 2,000 (996,000)
Other operating income 5,346,000 4,294,000 3,833,000
Total noninterest income 38,728,000 41,068,000 32,964,000
Noninterest expenses:      
Salaries and benefits 70,369,000 68,648,000 62,865,000
Occupancy expenses 11,543,000 12,150,000 11,104,000
Furniture and equipment expenses 6,884,000 7,251,000 6,920,000
Other operating expenses 48,493,000 45,430,000 49,926,000
Total noninterest expenses 137,289,000 133,479,000 130,815,000
Income before income taxes 47,009,000 49,744,000 41,709,000
Income tax expense 12,513,000 14,333,000 11,264,000
Net income 34,496,000 35,411,000 30,445,000
Dividends paid and accumulated on preferred stock     1,499,000
Accretion of discount on preferred stock     1,177,000
Net income available to common stockholders $ 34,496,000 $ 35,411,000 $ 27,769,000
Earnings per common share, basic $ 1.38 $ 1.37 $ 1.07
Earnings per common share, diluted $ 1.38 $ 1.37 $ 1.07