| Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | ||
|---|---|---|---|---|---|---|
INTEREST INCOME: | ||||||
Interest and fees on loans | ||||||
114,514 | 132,682 | 139,685 | 146,753 | 140,183 | ||
Interest on overnight investments | ||||||
821 | 893 | 890 | 437 | 113 | ||
Interest on trading securities | ||||||
- | - | 26 | 85 | 1 | ||
Interest and dividends on investment securities: | ||||||
Taxable | ||||||
31,255 | 33,876 | 35,955 | 45,627 | 49,438 | ||
Tax-exempt | ||||||
2,786 | 2,979 | 3,587 | 4,612 | 3,239 | ||
Total interest income | ||||||
149,376 | 170,430 | 180,143 | 197,514 | 192,974 | ||
INTEREST EXPENSE: | ||||||
Interest on deposits: | ||||||
Interest bearing checking accounts | ||||||
2,948 | 4,712 | 7,742 | 10,541 | 9,052 | ||
Money market and savings deposits | ||||||
6,653 | 8,392 | 9,158 | 9,507 | 11,073 | ||
Time deposits | ||||||
8,242 | 9,765 | 12,531 | 14,710 | 26,724 | ||
Total | ||||||
17,843 | 22,869 | 29,431 | 34,758 | 46,849 | ||
Interest on borrowed funds | ||||||
7,797 | 8,104 | 8,615 | 15,138 | 18,783 | ||
Total interest expense | ||||||
25,640 | 30,973 | 38,046 | 49,896 | 65,632 | ||
Net interest income | ||||||
123,736 | 139,457 | 142,097 | 147,618 | 127,342 | ||
Provision for loan losses | ||||||
13,000 | 28,000 | 37,500 | 70,200 | 15,697 | ||
Net interest income after provision for loan losses | ||||||
110,736 | 111,457 | 104,597 | 77,418 | 111,645 | ||
NON-INTEREST INCOME: | ||||||
Insurance and advisory commission and fee income | ||||||
7,170 | 7,389 | 7,720 | 8,658 | 8,133 | ||
Service charges and other income | ||||||
15,561 | 14,604 | 15,867 | 15,934 | 13,743 | ||
Mortgage banking income | ||||||
1,017 | 2,731 | 916 | - | - | ||
Net gain on sale of investment securities | ||||||
1,377 | 2,882 | 652 | 2,390 | 6,530 | ||
Impairment charge on securities available-for-sale | ||||||
- | - | - | 88 | 1,587 | ||
Trading securities profits | ||||||
- | - | 81 | 326 | 28 | ||
Total non-interest income | ||||||
25,125 | 27,606 | 25,236 | 27,220 | 26,847 | ||
NON-INTEREST EXPENSE: | ||||||
Salaries and employee benefits | ||||||
57,154 | 57,529 | 55,812 | 61,048 | 58,251 | ||
Occupancy expense | ||||||
9,826 | 9,887 | 11,040 | 11,815 | 11,992 | ||
Depreciation, amortization and maintenance | ||||||
9,026 | 8,919 | 8,683 | 9,260 | 8,822 | ||
Marketing expense | ||||||
5,234 | 2,811 | 3,189 | 5,898 | 5,889 | ||
Intangible amortization expense | ||||||
1,872 | 4,163 | 3,584 | 3,511 | 3,555 | ||
Impairment of goodwill | ||||||
- | - | - | - | 976 | ||
FDIC Insurance | ||||||
3,589 | 4,221 | 5,332 | 5,606 | 5,633 | ||
Merger and restructuring charges | ||||||
-189 | 2,233 | 5,058 | - | - | ||
Professional fees | ||||||
5,058 | 5,396 | 4,380 | - | - | ||
Classified loan and other real estate owned related expense | ||||||
6,384 | 8,243 | 3,944 | - | - | ||
Other | ||||||
22,734 | 19,723 | 19,688 | 31,252 | 24,748 | ||
Total non-interest expense | ||||||
120,688 | 123,125 | 120,710 | 128,390 | 119,866 | ||
Income before income taxes | ||||||
15,173 | 15,938 | 9,123 | -23,752 | 18,626 | ||
Income tax expense | ||||||
2,595 | 1,759 | -1,913 | -14,789 | 1,537 | ||
NET INCOME | ||||||
12,578 | 14,179 | 11,036 | -8,963 | 17,089 | ||
NET EARNINGS PER SHARE - Basic and Diluted (in dollars per share) | ||||||
0.17 | 0.18 | 0.14 | -0.12 | 0.22 | ||
Average common shares outstanding - Basic (in shares) | ||||||
75,841 | 76,657 | 77,075 | 77,593 | 77,693 | ||
Average common shares outstanding - Diluted (in shares) | ||||||
76,085 | 76,827 | 77,231 | 77,593 | 77,723 | ||