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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 $ 136,639 $ 131,804 $ 405,361 $ 391,491
Investment securities:        
Taxable 10,874 11,252 34,036 33,478
Tax-exempt 2,550 1,904 6,910 5,872
Dividends 143 190 438 834
Loans held for sale 210 194 529 632
Other interest income 1,052 884 2,814 3,922
Total Interest Income 151,468 146,228 450,088 436,229
INTEREST EXPENSE        
Deposits 11,311 10,217 32,925 30,093
Short-term borrowings 254 92 739 272
Long-term debt 9,338 10,225 27,889 33,669
Total Interest Expense 20,903 20,534 61,553 64,034
Net Interest Income 130,565 125,694 388,535 372,195
Provision for credit losses 4,141 1,000 8,182 (500)
Net Interest Income After Provision for Credit Losses 126,424 124,694 380,353 372,695
NON-INTEREST INCOME        
Other service charges and fees 14,407 10,965 38,140 31,316
Service charges on deposit accounts 13,078 12,982 38,532 37,188
Investment management and trust services 11,425 11,237 33,660 33,137
Mortgage banking income 4,529 3,864 12,456 13,891
Investment securities gains, net 2 1,730 1,025 8,290
Other 4,708 3,996 13,610 12,178
Total Non-Interest Income 48,149 44,774 137,423 136,000
NON-INTEREST EXPENSE        
Salaries and employee benefits 70,696 65,308 210,097 195,365
Net occupancy expense 11,782 10,710 35,813 36,211
Other outside services 5,783 7,373 17,347 21,248
Data processing 4,610 5,105 15,486 14,767
Software 4,117 3,984 11,991 10,678
Equipment expense 3,137 3,595 9,380 10,888
Supplies and postage 2,559 2,708 7,844 7,803
Professional fees 2,535 2,828 8,221 8,430
FDIC insurance expense 1,791 2,867 7,700 8,574
Marketing 1,774 2,102 5,314 5,570
Telecommunications 1,411 1,587 4,358 4,920
Other real estate owned and repossession expense 742 1,016 1,745 2,507
Operating risk loss 556 1,136 2,082 2,637
Loss on redemption of trust preferred securities 0 5,626 0 5,626
Intangible amortization 0 5 0 241
Other 8,355 8,939 24,520 26,256
Total Non-Interest Expense 119,848 124,889 361,898 361,721
Income Before Income Taxes 54,725 44,579 155,878 146,974
Income taxes 13,257 10,328 36,403 36,007
Net Income $ 41,468 $ 34,251 $ 119,475 $ 110,967
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.24 $ 0.20 $ 0.69 $ 0.63
Net Income (Diluted) (in dollars per share) 0.24 0.20 0.69 0.63
Cash Dividends (in dollars per share) $ 0.10 $ 0.09 $ 0.29 $ 0.27