XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME:        
Interest and fees on loans $ 55,740 $ 49,105 $ 108,971 $ 95,851
Interest on investment securities:        
Taxable 13,925 12,719 27,213 24,073
Exempt from federal income tax 9,244 9,983 19,007 20,324
Interest on federal funds sold and interest-bearing deposits in banks 667 271 1,286 912
Total interest income 79,576 72,078 156,477 141,160
INTEREST EXPENSE:        
Interest on deposits 7,286 4,005 13,947 7,524
Other 675 462 1,401 576
Total interest expense 7,961 4,467 15,348 8,100
Net interest income 71,615 67,611 141,129 133,060
PROVISION FOR LOAN LOSSES 600 1,105 1,565 2,415
Net interest income after provision for loan losses 71,015 66,506 139,564 130,645
NONINTEREST INCOME:        
Trust Fees 7,027 7,070 14,006 13,975
Service Charges on Deposit Accounts 5,374 5,375 10,550 10,259
ATM, interchange and credit card fees 7,352 7,041 14,192 14,037
Real estate mortgage operations 4,721 3,951 8,195 6,884
Net gain on sale of available-for-sale securities (includes $676 and $67 for the three months ended June 30, 2019 and 2018, respectively, and $676 and $1,288 for the six months ended June 30, 2019 and 2018, respectively, related to accumulated other comprehensive earnings reclassifications) 676 67 676 1,288
Net gain (loss) on sale of foreclosed assets 53 19 122 118
Net gain (loss) on sale of assets 6   6 (91)
Interest on loan recoveries 903 289 1,241 408
Other 1,864 1,676 3,425 3,034
Total noninterest income 27,976 25,488 52,413 49,912
NONINTEREST EXPENSE:        
Salaries and employee benefits 27,394 26,862 53,918 53,065
Loss from partial settlement of pension plan     900  
Net occupancy expense 2,779 2,806 5,542 5,689
Equipment expense 2,827 3,440 5,954 6,957
FDIC insurance premiums 538 632 1,076 1,199
ATM, interchange and credit card expenses 2,427 2,205 4,810 4,348
Professional and service fees 1,987 2,026 3,820 4,439
Printing, stationery and supplies 502 612 868 1,098
Operational and other losses 480 305 746 871
Software amortization and expense 1,287 479 2,210 1,003
Amortization of intangible assets 264 384 532 771
Other 7,819 7,393 15,297 15,503
Total noninterest expense 48,304 47,144 95,673 94,943
EARNINGS BEFORE INCOME TAXES 50,687 44,850 96,304 85,614
INCOME TAX EXPENSE (includes $142 and $14 for the three months ended June 30, 2019 and 2018, respectively, and $142 and $270 for the six months ended June 30, 2019 and 2018, respectively, related to income tax expense from reclassification items) 8,594 7,217 15,959 13,462
NET EARNINGS $ 42,093 $ 37,633 $ 80,345 $ 72,152
EARNINGS PER SHARE, BASIC $ 0.31 $ 0.28 $ 0.59 $ 0.53
EARNINGS PER SHARE, ASSUMING DILUTION 0.31 0.28 0.59 0.53
DIVIDENDS PER SHARE $ 0.12 $ 0.11 $ 0.23 $ 0.20