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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Real estate secured loans $ 44,916 $ 43,594 $ 89,149 $ 86,883
Commercial loans 15,374 13,669 30,326 27,108
Consumer loans 5,394 5,794 11,030 11,588
Securities available for sale and Federal Home Loan Bank Stock 5,718 5,735 11,498 12,036
Investment securities held to maturity 3,331 3,386 6,662 6,782
Deposits, Federal funds sold and other short-term investments 72 10 114 22
Total interest income 74,805 72,188 148,779 144,419
Interest expense:        
Deposits 4,135 3,624 7,956 7,212
Borrowed funds 6,760 6,890 13,844 13,605
Total interest expense 10,895 10,514 21,800 20,817
Net interest income 63,910 61,674 126,979 123,602
Provision for loan losses 1,700 1,100 3,200 1,700
Net interest income after provision for loan losses 62,210 60,574 123,779 121,902
Non-interest income:        
Fees 6,711 7,181 13,172 13,235
Wealth management income 4,511 5,097 8,822 7,655
Bank-owned life insurance 1,369 1,317 2,701 2,665
Net gain on securities transactions 1 643 97 645
Other income 1,232 2,704 2,050 3,045
Total non-interest income 13,824 16,942 26,842 27,245
Non-interest expense:        
Compensation and employee benefits 25,741 24,414 51,771 48,615
Net occupancy expense 6,068 6,577 12,502 13,749
Data processing expense 3,272 3,159 6,517 6,186
FDIC insurance 1,293 1,272 2,615 2,490
Amortization of intangibles 856 1,124 1,861 2,051
Advertising and promotion expense 901 1,381 1,780 2,142
Other operating expenses 7,766 8,192 13,729 14,323
Total non-interest expense 45,897 46,119 90,775 89,556
Income before income tax expense 30,137 31,397 59,846 59,591
Income tax expense 8,781 9,601 17,517 17,993
Net income $ 21,356 $ 21,796 $ 42,329 $ 41,598
Basic earnings per share (usd per share) $ 0.34 $ 0.35 $ 0.67 $ 0.66
Weighted average basic shares outstanding (in shares) 63,553,694 62,894,213 63,452,393 62,784,655
Diluted earnings per share (usd per share) $ 0.34 $ 0.35 $ 0.67 $ 0.66
Weighted average diluted shares outstanding (in shares) 63,726,513 63,044,965 63,623,134 62,943,563