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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Loans, including fees $ 79,466 $ 74,606 $ 154,867 $ 148,857
Investment securities:        
Taxable 20,989 20,596 39,995 40,716
Tax-exempt 2,457 2,627 4,948 5,274
Other interest income 262 67 345 106
Total interest income 103,174 97,896 200,155 194,953
Interest expense:        
Savings deposits 1,353 1,199 2,642 2,160
Time deposits 2,401 2,394 4,777 4,968
Securities sold under repurchase agreements 1,146 5,552 4,214 11,111
Other borrowings 2,575 757 3,838 1,384
Junior subordinated deferrable interest debentures 1,322 1,122 2,572 2,218
Total interest expense 8,797 11,024 18,043 21,841
Net interest income 94,377 86,872 182,112 173,112
Provision for probable loan losses 805 7,097 2,505 16,231
Net interest income after provision for probable loan losses 93,572 79,775 179,607 156,881
Non-interest income:        
Service charges on deposit accounts 17,882 17,854 35,788 35,964
Other service charges, commissions and fees        
Banking 11,025 10,957 21,410 21,334
Non-banking 1,864 1,694 3,199 2,991
Investment securities transactions, net (2,539) (227) (1,612) (360)
Other investments, net 2,830 2,766 7,098 10,617
Other income 2,901 3,567 5,795 6,996
Total non-interest income 33,963 36,611 71,678 77,542
Non-interest expense:        
Employee compensation and benefits 32,739 31,155 65,469 61,938
Occupancy 6,417 5,906 12,408 12,072
Depreciation of bank premises and equipment 6,302 6,208 12,529 12,388
Professional fees 3,850 3,446 7,566 6,739
Deposit insurance assessments 913 1,508 1,303 3,001
Net expense, other real estate owned 482 1,377 1,396 2,255
Amortization of identified intangible assets   32 25 64
Advertising 2,116 2,319 4,384 4,424
Early termination fee - securities sold under repurchase agreements     5,765  
Software and software maintenance 4,062 3,723 7,853 7,034
Impairment charges (Total other-than-temporary impairment charges, $0 net of $0, $(300), net of $(367), $0 net of $0, and $(332) net of $(523) included in other comprehensive loss)   67   191
Other 16,832 16,243 30,641 29,796
Total non-interest expense 73,713 71,984 149,339 139,902
Income before income taxes 53,822 44,402 101,946 94,521
Provision for income taxes 13,253 14,714 29,373 31,849
Net income $ 40,569 $ 29,688 $ 72,573 $ 62,672
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,053,741 66,944,220 66,024,135 65,979,167
Net income (in dollars per share) $ 0.61 $ 0.45 $ 1.10 $ 0.95
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,715,171 66,159,105 66,731,499 66,138,593
Net income (in dollars per share) $ 0.61 $ 0.45 $ 1.09 $ 0.95