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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Real estate secured loans $ 176,714 $ 166,700 $ 152,429
Commercial loans 55,347 50,115 40,428
Consumer loans 22,770 23,755 23,644
Securities available for sale and Federal Home Loan Bank stock 23,398 26,475 25,250
Investment securities held to maturity 13,494 12,263 10,987
Deposits, Federal funds sold and other short-term investments 58 53 39
Total interest income 291,781 279,361 252,777
Interest expense:      
Deposits 14,521 15,332 18,031
Borrowed funds 27,380 25,140 18,736
Total interest expense 41,901 40,472 36,767
Net interest income 249,880 238,889 216,010
Provision for loan losses 4,350 4,650 5,500
Net interest income after provision for loan losses 245,530 234,239 210,510
Non-interest income:      
Fees 26,282 21,925 26,033
Wealth management income 16,838 9,420 8,012
Bank-owned life insurance 5,345 5,633 6,596
Other-than-temporary impairment losses on securities 0 0 (434)
Portion of loss recognized in other comprehensive income (before taxes) 0 0 0
Net impairment losses on securities recognized in earnings 0 0 (434)
Net gain on securities transactions 654 251 996
Other income 6,103 3,939 2,950
Total non-interest income 55,222 41,168 44,153
Non-interest expense:      
Compensation and employee benefits 99,689 92,218 83,000
Net occupancy expense 26,032 23,958 20,560
Data processing expense 12,698 13,667 10,550
FDIC Insurance 5,036 4,662 4,678
Advertising and promotion expense 4,226 5,008 3,890
Amortization of intangibles 4,066 2,757 1,624
Other operating expenses 28,842 27,721 24,461
Total non-interest expenses 180,589 169,991 148,763
Income before income tax expense 120,163 105,416 105,900
Income tax expense 36,441 31,785 35,366
Net income $ 83,722 $ 73,631 $ 70,534
Basic earnings per share (in dollars per share) $ 1.33 $ 1.22 $ 1.23
Average basic shares outstanding 62,945,669 60,388,398 57,236,909
Diluted earnings per share (in dollars per share) $ 1.33 $ 1.22 $ 1.23
Average diluted shares outstanding 63,114,718 60,562,070 57,361,443