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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans, including fees $ 83,394 $ 74,388 $ 238,261 $ 223,245
Investment securities:        
Taxable 21,003 19,630 60,998 60,346
Tax-exempt 2,409 2,561 7,357 7,835
Other interest income 139 45 484 151
Total interest income 106,945 96,624 307,100 291,577
Interest expense:        
Savings deposits 1,599 1,173 4,241 3,333
Time deposits 2,426 2,551 7,203 7,519
Securities sold under repurchase agreements 1,177 5,480 5,391 16,591
Other borrowings 3,396 812 7,234 2,196
Junior subordinated deferrable interest debentures 1,395 1,159 3,967 3,377
Total interest expense 9,993 11,175 28,036 33,016
Net interest income 96,952 85,449 279,064 258,561
Provision for probable loan losses 6,591 (1,347) 9,096 14,884
Net interest income after provision for probable loan losses 90,361 86,796 269,968 243,677
Non-interest income:        
Service charges on deposit accounts 18,706 19,035 54,494 54,999
Other service charges, commissions and fees        
Banking 13,095 13,722 34,505 35,056
Non-banking 1,853 1,803 5,052 4,794
Investment securities transactions, net   (1,345) (1,612) (1,705)
Other investments, net 4,938 4,082 12,036 14,699
Other income 2,774 3,233 8,569 10,229
Total non-interest income 41,366 40,530 113,044 118,072
Non-interest expense:        
Employee compensation and benefits 33,787 33,908 99,256 95,846
Occupancy 6,416 6,153 18,824 18,225
Depreciation of bank premises and equipment 6,407 6,175 18,936 18,563
Professional fees 3,577 3,661 11,143 10,400
Deposit insurance assessments 1,007 1,332 2,310 4,333
Net expense, other real estate owned (407) 2,320 989 4,575
Amortization of identified intangible assets   32 25 96
Advertising 2,064 1,921 6,448 6,345
Early termination fee - securities sold under repurchase agreements   1,799 5,765 1,799
Software and software maintenance 4,302 3,687 12,155 10,721
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)   90   281
Other 14,558 15,589 45,199 45,385
Total non-interest expense 71,711 76,667 221,050 216,569
Income before income taxes 60,016 50,659 161,962 145,180
Provision for income taxes 20,388 14,872 49,761 46,721
Net income $ 39,628 $ 35,787 $ 112,201 $ 98,459
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,060,829 65,948,815 66,036,501 65,968,975
Net income (in dollars per share) $ 0.60 $ 0.54 $ 1.70 $ 1.49
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,745,350 66,291,556 66,736,250 66,189,507
Net income (in dollars per share) $ 0.59 $ 0.54 $ 1.68 $ 1.49