|
Consolidated Statements Of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Interest income: |
|
|
|
| Interest and fees on loans |
$ 64,224 |
$ 66,162 |
$ 84,602 |
| Investment securities: |
|
|
|
| U.S. Government and agency obligations |
1,490 |
1,745 |
1,714 |
| Mortgage-backed securities |
3,459 |
3,481 |
4,718 |
| State and political subdivisions |
1,171 |
1,203 |
1,060 |
| Other securities |
198 |
226 |
322 |
| Other interest-earning assets |
1,250 |
1,097 |
755 |
| Total interest income |
71,792 |
73,914 |
93,171 |
| Interest expense: |
|
|
|
| Interest-bearing demand |
146 |
148 |
219 |
| Money market accounts |
620 |
790 |
1,077 |
| Savings accounts |
38 |
44 |
53 |
| Time deposits of $100,000 or more |
1,428 |
2,338 |
4,302 |
| Other time deposits |
1,423 |
2,239 |
4,052 |
| Other borrowings |
900 |
892 |
895 |
| Subordinated debentures |
2,233 |
4,813 |
6,010 |
| Total interest expense |
6,788 |
11,264 |
16,608 |
| Net interest income |
65,004 |
62,650 |
76,563 |
| Provision for loan losses |
(6,624) |
(7,209) |
3,107 |
| Net interest income after provision for loan losses |
71,628 |
69,859 |
73,456 |
| Noninterest income: |
|
|
|
| Service charges and fees |
10,222 |
10,491 |
11,559 |
| Other noninterest income |
898 |
503 |
407 |
| Gain on sale of bank branches, net |
4,378 |
|
|
| Gain on sales of mortgage loans, net |
1,549 |
2,649 |
3,133 |
| Gain on sales/calls of investment securities, net |
1,884 |
|
837 |
| Total noninterest income |
18,931 |
13,643 |
15,936 |
| Noninterest expense: |
|
|
|
| Salaries and employee benefits |
31,830 |
31,877 |
29,919 |
| Occupancy |
9,193 |
9,114 |
9,110 |
| Data processing |
1,776 |
1,665 |
1,471 |
| FDIC and other insurance |
1,305 |
1,764 |
2,531 |
| Other real estate, net |
594 |
(1,098) |
6,565 |
| General and administrative |
12,214 |
11,989 |
13,726 |
| Total noninterest expense |
56,912 |
55,311 |
63,322 |
| Income before taxes |
33,647 |
28,191 |
26,070 |
| Taxes on income |
12,617 |
10,756 |
9,883 |
| Net income |
21,030 |
17,435 |
16,187 |
| Net income available to common shareholders |
$ 21,030 |
$ 17,435 |
$ 12,446 |
| Basic earnings per common share |
$ 1.07 |
$ 0.89 |
$ 0.64 |
| Diluted earnings per common share |
$ 1.07 |
$ 0.89 |
$ 0.64 |
| Common dividends declared per share |
$ 0.16 |
|
|