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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Non-purchased loans and leases $ 56,637 $ 36,833 $ 107,069 $ 70,247
Purchased loans 35,762 25,128 68,622 42,013
Investment securities:        
Taxable 3,230 2,790 6,715 5,149
Tax-exempt 4,456 4,974 9,125 9,371
Deposits with banks and federal funds sold 18 35 27 38
Total interest income 100,103 69,760 191,558 126,818
Interest expense:        
Deposits 3,917 1,827 7,454 3,408
Repurchase agreements with customers 19 13 36 25
Other borrowings 1,443 2,692 3,146 5,347
Subordinated debentures 968 427 1,676 840
Total interest expense 6,347 4,959 12,312 9,620
Net interest income 93,756 64,801 179,246 117,198
Provision for loan and lease losses (4,308) (5,582) (10,623) (6,887)
Net interest income after provision for loan and lease losses 89,448 59,219 168,623 110,311
Non-interest income:        
Service charges on deposit accounts 7,088 6,605 13,715 12,244
Mortgage lending income 1,772 1,126 3,279 2,080
Trust income 1,463 1,364 2,895 2,681
BOLI income 1,785 1,278 5,407 2,408
Net amortization of FDIC loss share receivable and FDIC clawback payable 0 (741) 0 (49)
Other income from purchased loans, net 6,971 3,629 15,879 6,940
Net gains on investment securities 85 18 2,618 23
Gains on sales of other assets 2,557 1,448 5,385 2,422
Gain on merger and acquisition transaction 0 0 0 4,667
Other 1,549 2,661 3,159 4,333
Total non-interest income 23,270 17,388 52,337 37,749
Non-interest expense:        
Salaries and employee benefits 22,646 18,831 45,243 36,520
Net occupancy and equipment 7,344 5,707 14,635 10,751
Other operating expenses 13,734 13,340 34,030 28,062
Total non-interest expense 43,724 37,878 93,908 75,333
Income before taxes 68,994 38,729 127,052 72,727
Provision for income taxes 24,190 12,251 42,330 20,981
Net income 44,804 26,478 84,722 51,746
Earnings attributable to noncontrolling interest (28) 8 (52) 16
Net income available to common stockholders $ 44,776 $ 26,486 $ 84,670 $ 51,762
Basic earnings per common share $ 0.52 $ 0.35 $ 0.99 $ 0.69
Diluted earnings per common share 0.51 0.34 0.98 0.68
Dividends declared per common share $ 0.135 $ 0.115 $ 0.265 $ 0.225