XML 44 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans, including fees $ 77,176 $ 71,026 $ 222,546 $ 208,934
Investment securities:        
Taxable 20,620 24,149 67,760 76,873
Tax-exempt 2,901 2,744 8,423 8,995
Other interest income 27 39 105 133
Total interest income 100,724 97,958 298,834 294,935
Interest expense:        
Savings deposits 891 898 2,669 2,684
Time deposits 2,807 2,976 8,514 9,115
Securities sold under repurchase agreements 6,041 6,150 18,097 18,474
Other borrowings 375 488 1,219 1,608
Junior subordinated interest deferrable debentures 1,019 1,063 3,088 3,201
Total interest expense 11,133 11,575 33,587 35,082
Net interest income 89,591 86,383 265,247 259,853
Provision for probable loan losses 8,832 2,816 18,976 8,539
Net interest income after provision for probable loan losses 80,759 83,567 246,271 251,314
Non-interest income:        
Service charges on deposit accounts 20,627 22,514 59,669 67,026
Other service charges, commissions and fees        
Banking 11,028 10,880 34,556 33,791
Non-banking 2,091 2,083 5,057 5,143
Investment securities transactions, net   (6,446) (428) 1,283
Other investments, net 4,400 5,641 12,117 17,008
Other income 4,876 1,811 9,029 11,873
Total non-interest income 43,022 36,483 120,000 136,124
Non-interest expense:        
Employee compensation and benefits 31,962 32,326 93,364 92,560
Occupancy 7,143 7,865 20,003 22,729
Depreciation of bank premises and equipment 6,240 5,937 18,798 18,083
Professional fees 3,448 3,416 10,715 10,343
Deposit insurance assessments 1,511 1,515 4,441 4,512
Net expense, other real estate owned 1,678 (55) 4,074 1,704
Amortization of identified intangible assets 161 117 441 2,246
Advertising 1,857 1,928 5,887 5,713
Early termination fee - securities sold under repurchase agreements 3,510   3,510 11,000
Impairment charges (Total other-than-temporary impairment losses, $(26), net of $223, $(8), net of $(281), $150, net of $850, and $(115), net of $(667), included in other comprehensive income) 249 273 700 552
Other 17,139 16,835 48,859 47,043
Total non-interest expense 74,898 70,157 210,792 216,485
Income before income taxes 48,883 49,893 155,479 170,953
Provision for income taxes 16,864 16,660 53,723 56,356
Net income $ 32,019 $ 33,233 $ 101,756 $ 114,597
Basic earnings per common share:        
Weighted average number of shares outstanding: (in shares) 66,449,974 66,860,997 66,430,440 66,971,555
Net income (in dollars per share) $ 0.48 $ 0.50 $ 1.53 $ 1.71
Fully diluted earnings per common share:        
Weighted average number of shares outstanding: (in shares) 66,661,841 67,016,937 66,633,913 67,119,213
Net income (in dollars per share) $ 0.48 $ 0.50 $ 1.53 $ 1.71