XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans, including fees $ 95,828 $ 83,394 $ 275,744 $ 238,261
Investment securities:        
Taxable 20,213 21,003 62,121 60,998
Tax-exempt 1,981 2,409 6,263 7,357
Other interest income 352 139 719 484
Total interest income 118,374 106,945 344,847 307,100
Interest expense:        
Savings deposits 3,353 1,599 8,872 4,241
Time deposits 3,493 2,426 9,172 7,203
Securities sold under repurchase agreements 468 1,177 1,839 5,391
Other borrowings 4,358 3,396 13,426 7,234
Junior subordinated deferrable interest debentures 1,828 1,395 5,119 3,967
Total interest expense 13,500 9,993 38,428 28,036
Net interest income 104,874 96,952 306,419 279,064
Provision for probable loan losses 4,280 6,591 3,212 9,096
Net interest income after provision for probable loan losses 100,594 90,361 303,207 269,968
Non-interest income:        
Investment securities transactions, net (141)   (141) (1,612)
Other investments, net 5,625 4,938 16,192 12,036
Other income 3,643 2,774 13,425 8,569
Total non-interest income 42,503 41,366 123,781 113,044
Non-interest expense:        
Employee compensation and benefits 35,360 33,787 104,670 99,256
Occupancy 6,839 6,416 20,077 18,824
Depreciation of bank premises and equipment 6,460 6,407 19,097 18,936
Professional fees 4,063 3,577 10,010 11,143
Deposit insurance assessments 928 1,007 2,902 2,310
Net expense, other real estate owned 911 (407) 3,289 989
Amortization of identified intangible assets       25
Advertising 2,020 2,064 5,667 6,448
Early termination fee - securities sold under repurchase agreements       5,765
Software and software maintenance 4,481 4,302 12,943 12,155
Other 17,005 14,558 48,922 45,199
Total non-interest expense 78,067 71,711 227,577 221,050
Income before income taxes 65,030 60,016 199,411 161,962
Provision for income taxes 13,935 20,388 42,009 49,761
Net income $ 51,095 $ 39,628 $ 157,402 $ 112,201
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,136,091 66,060,829 66,114,482 66,036,501
Net income (in dollars per share) $ 0.77 $ 0.60 $ 2.38 $ 1.70
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,423,209 66,745,350 66,739,899 66,736,250
Net income (in dollars per share) $ 0.77 $ 0.59 $ 2.36 $ 1.68
Services charges on deposit accounts        
Non-interest income:        
Service charges $ 18,391 $ 18,706 $ 53,658 $ 54,494
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges 13,100 13,095 35,374 34,505
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges $ 1,885 $ 1,853 $ 5,273 $ 5,052