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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans, including fees $ 74,388 $ 77,176 $ 223,245 $ 222,546
Investment securities:        
Taxable 19,630 20,620 60,346 67,760
Tax-exempt 2,561 2,901 7,835 8,423
Other interest income 45 27 151 105
Total interest income 96,624 100,724 291,577 298,834
Interest expense:        
Savings deposits 1,173 891 3,333 2,669
Time deposits 2,551 2,807 7,519 8,514
Securities sold under repurchase agreements 5,480 6,041 16,591 18,097
Other borrowings 812 375 2,196 1,219
Junior subordinated deferrable interest debentures 1,159 1,019 3,377 3,088
Total interest expense 11,175 11,133 33,016 33,587
Net interest income 85,449 89,591 258,561 265,247
Provision for probable loan losses (1,347) 8,832 14,884 18,976
Net interest income after provision for probable loan losses 86,796 80,759 243,677 246,271
Non-interest income:        
Service charges on deposit accounts 19,035 20,627 54,999 59,669
Other service charges, commissions and fees        
Banking 13,722 11,028 35,056 34,556
Non-banking 1,803 2,091 4,794 5,057
Investment securities transactions, net (1,345)   (1,705) (428)
Other investments, net 4,082 4,400 14,699 12,117
Other income 3,233 4,876 10,229 9,029
Total non-interest income 40,530 43,022 118,072 120,000
Non-interest expense:        
Employee compensation and benefits 33,908 31,962 95,846 93,364
Occupancy 6,153 7,143 18,225 20,003
Depreciation of bank premises and equipment 6,175 6,240 18,563 18,798
Professional fees 3,661 3,448 10,400 10,715
Deposit insurance assessments 1,332 1,511 4,333 4,441
Net expense, other real estate owned 2,320 1,678 4,575 4,074
Amortization of identified intangible assets 32 161 96 441
Advertising 1,921 1,857 6,345 5,887
Software and software maintenance 3,687 2,740 10,721 7,869
Early termination fee - securities sold under repurchase agreements 1,799 3,510 1,799 3,510
Impairment charges (Total other-than-temporary impairment charges, $353 net of $263, $(26), net of $223, $876 net of $595 and $150, net of $850, included in other comprehensive income) 90 249 281 700
Other 15,589 14,399 45,385 40,990
Total non-interest expense 76,667 74,898 216,569 210,792
Income before income taxes 50,659 48,883 145,180 155,479
Provision for income taxes 14,872 16,864 46,721 53,723
Net income $ 35,787 $ 32,019 $ 98,459 $ 101,756
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 65,948,815 66,449,974 65,968,975 66,430,440
Net income (in dollars per share) $ 0.54 $ 0.48 $ 1.49 $ 1.53
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,291,556 66,661,841 66,189,507 66,633,913
Net income (in dollars per share) $ 0.54 $ 0.48 $ 1.49 $ 1.53