CONDENSED FINANCIAL STATEMENTS (PARENT COMPANY ONLY) (Details) (USD $)
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0 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||
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Jun. 30, 2011
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Dec. 31, 2012
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Sep. 30, 2012
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Jun. 30, 2012
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Mar. 31, 2012
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Dec. 31, 2011
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Sep. 30, 2011
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Jun. 30, 2011
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Mar. 31, 2011
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2009
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Dec. 31, 2010
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ASSETS | |||||||||||||
Cash and cash equivalents | $ 226,358,000 | $ 243,042,000 | $ 226,358,000 | $ 243,042,000 | |||||||||
Other assets | 4,435,000 | 6,635,000 | 4,435,000 | 6,635,000 | |||||||||
Total assets | 1,560,718,000 | 1,507,667,000 | 1,560,718,000 | 1,507,667,000 | |||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||
Subordinated debt | 1,650,000 | 1,650,000 | 1,650,000 | 1,650,000 | |||||||||
Long-term debt | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | |||||||||
Total liabilities | 1,430,211,000 | 1,413,241,000 | 1,430,211,000 | 1,413,241,000 | |||||||||
Total shareholders' equity | 130,507,000 | 94,426,000 | 130,507,000 | 94,426,000 | 67,842,000 | ||||||||
Total liabilities and shareholders' equity | 1,560,718,000 | 1,507,667,000 | 1,560,718,000 | 1,507,667,000 | |||||||||
Expense | |||||||||||||
Interest expense | 9,814,000 | 14,480,000 | |||||||||||
Income tax benefit | (18,583,000) | 0 | |||||||||||
Net income | 21,234,000 | 6,585,000 | 3,186,000 | 4,485,000 | 1,085,000 | 1,052,000 | 2,401,000 | 1,291,000 | 35,490,000 | 5,829,000 | |||
Dividends declared on preferred shares | 0 | 0 | |||||||||||
Net income available to common shares | 35,490,000 | 5,829,000 | |||||||||||
Comprehensive income | 36,072,000 | 6,196,000 | |||||||||||
Cash flows from operating activities | |||||||||||||
Net income | 21,234,000 | 6,585,000 | 3,186,000 | 4,485,000 | 1,085,000 | 1,052,000 | 2,401,000 | 1,291,000 | 35,490,000 | 5,829,000 | |||
Adjustments to reconcile net income to net cash from operating activities: | |||||||||||||
Net cash from operating activities | 13,495,000 | 12,153,000 | |||||||||||
Cash flows from investing activities | |||||||||||||
Net cash from investing activities | (44,048,000) | 72,507,000 | |||||||||||
Cash flows from financing activities | |||||||||||||
Proceeds from issuance of subordinated note and conversion to common stock | 0 | 1,000,000 | |||||||||||
Proceeds from issuance of common stock | 20,300,000 | 0 | 19,319,000 | 1,700,000 | |||||||||
Net cash from financing activities | 13,869,000 | (77,745,000) | |||||||||||
Net change in cash and cash equivalents | (16,684,000) | 6,915,000 | |||||||||||
Beginning cash and cash equivalents | 243,042,000 | 236,127,000 | 243,042,000 | 236,127,000 | |||||||||
Ending cash and cash equivalents | 226,358,000 | 243,042,000 | 226,358,000 | 243,042,000 | |||||||||
Parent Company [Member]
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ASSETS | |||||||||||||
Cash and cash equivalents | 9,787,000 | 10,535,000 | 9,787,000 | 10,535,000 | |||||||||
Investments in Bank subsidiary | 164,127,000 | 128,231,000 | 164,127,000 | 128,231,000 | |||||||||
Investment in other subsidiaries | 1,654,000 | 1,620,000 | 1,654,000 | 1,620,000 | |||||||||
Other assets | 2,532,000 | 109,000 | 2,532,000 | 109,000 | |||||||||
Total assets | 178,100,000 | 140,495,000 | 178,100,000 | 140,495,000 | |||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||
Subordinated debt | 1,650,000 | 1,650,000 | 1,650,000 | 1,650,000 | |||||||||
Long-term debt | 41,238,000 | 41,238,000 | 41,238,000 | 41,238,000 | |||||||||
Other liabilities | 4,705,000 | 3,181,000 | 4,705,000 | 3,181,000 | |||||||||
Total liabilities | 47,593,000 | 46,069,000 | 47,593,000 | 46,069,000 | |||||||||
Total shareholders' equity | 130,507,000 | 94,426,000 | 130,507,000 | 94,426,000 | |||||||||
Total liabilities and shareholders' equity | 178,100,000 | 140,495,000 | 178,100,000 | 140,495,000 | |||||||||
Income | |||||||||||||
Dividends from subsidiaries | 0 | 0 | |||||||||||
Other | 0 | 0 | |||||||||||
Total income | 0 | 0 | |||||||||||
Expense | |||||||||||||
Interest expense | 1,719,000 | 1,598,000 | |||||||||||
Other expense | 555,000 | 588,000 | |||||||||||
Total expense | 2,274,000 | 2,186,000 | |||||||||||
Income (loss) before income tax and equity in undistributed earnings of subsidiaries | (2,274,000) | (2,186,000) | |||||||||||
Equity in undistributed earnings of subsidiaries | 35,338,000 | 8,015,000 | |||||||||||
Income before income tax | 33,064,000 | 5,829,000 | |||||||||||
Income tax benefit | (2,426,000) | 0 | |||||||||||
Net income | 35,490,000 | 5,829,000 | |||||||||||
Dividends declared on preferred shares | 0 | 0 | |||||||||||
Net income available to common shares | 35,490,000 | 5,829,000 | |||||||||||
Comprehensive income | 36,072,000 | 6,196,000 | |||||||||||
Cash flows from operating activities | |||||||||||||
Net income | 35,490,000 | 5,829,000 | |||||||||||
Adjustments to reconcile net income to net cash from operating activities: | |||||||||||||
Equity in undistributed earnings of subsidiaries | (35,338,000) | (8,015,000) | |||||||||||
(Increase) decrease in other assets | (2,424,000) | 428,000 | |||||||||||
Increase in other liabilities | 1,524,000 | 1,395,000 | |||||||||||
Net cash from operating activities | (748,000) | (363,000) | |||||||||||
Cash flows from investing activities | |||||||||||||
Investment in subsidiaries | 0 | (10,000,000) | |||||||||||
Net cash from investing activities | 0 | (10,000,000) | |||||||||||
Cash flows from financing activities | |||||||||||||
Proceeds from issuance of subordinated note and conversion to common stock | 0 | 1,000,000 | |||||||||||
Proceeds from issuance of common stock | 0 | 19,319,000 | |||||||||||
Cash dividends paid | 0 | 0 | |||||||||||
Net cash from financing activities | 0 | 20,319,000 | |||||||||||
Net change in cash and cash equivalents | (748,000) | 9,956,000 | |||||||||||
Beginning cash and cash equivalents | 10,535,000 | 579,000 | 10,535,000 | 579,000 | |||||||||
Ending cash and cash equivalents | 9,787,000 | 10,535,000 | 9,787,000 | 10,535,000 | |||||||||
Supplemental noncash disclosures: | |||||||||||||
Preferred stock dividends accrued, paid in subsequent quarter | $ 0 | $ 0 | $ 0 | $ 0 |