XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
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 $ 148,440 $ 134,643 $ 291,006 $ 268,722
Investment securities:        
Taxable 11,474 11,159 23,388 23,162
Tax-exempt 2,856 2,320 5,705 4,360
Dividends 109 135 238 295
Loans held for sale 201 188 388 319
Other interest income 801 864 1,643 1,762
Total Interest Income 163,881 149,309 322,368 298,620
INTEREST EXPENSE        
Deposits 12,884 10,887 24,685 21,614
Short-term borrowings 974 217 1,829 485
Federal Home Loan Bank advances and other long-term debt 8,460 9,289 16,712 18,551
Total Interest Expense 22,318 20,393 43,226 40,650
Net Interest Income 141,563 128,916 279,142 257,970
Provision for credit losses 6,700 2,511 11,500 4,041
Net Interest Income After Provision for Credit Losses 134,863 126,405 267,642 253,929
NON-INTEREST INCOME        
Other service charges and fees 14,342 12,983 26,779 23,733
Service charges on deposit accounts 12,914 12,896 25,314 25,454
Investment management and trust services 12,132 11,247 23,940 22,235
Mortgage banking income 6,141 3,897 10,737 7,927
Investment securities gains, net 1,436 76 2,542 1,023
Other 5,406 5,038 9,732 8,902
Total Non-Interest Income 52,371 46,137 99,044 89,274
NON-INTEREST EXPENSE        
Salaries and employee benefits 74,496 70,029 143,732 139,401
Net occupancy expense 12,316 11,811 24,979 24,031
Other outside services 7,708 5,508 13,254 11,564
Data processing 4,619 5,476 8,905 10,876
Software 4,435 3,953 9,128 7,874
Amortization of tax credit investments 3,151 0 4,149 0
Equipment expense 3,034 2,872 6,393 6,243
Professional fees 2,931 3,353 5,668 5,686
FDIC insurance expense 2,366 2,960 4,424 5,909
Marketing 2,234 1,916 4,220 3,540
Other 15,405 13,759 30,118 26,926
Total Non-Interest Expense 132,695 121,637 254,970 242,050
Income Before Income Taxes 54,539 50,905 111,716 101,153
Income taxes 9,072 11,155 22,869 23,146
Net Income $ 45,467 $ 39,750 $ 88,847 $ 78,007
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.26 $ 0.23 $ 0.51 $ 0.45
Net Income (Diluted) (in dollars per share) 0.26 0.23 0.51 0.45
Cash Dividends (in dollars per share) $ 0.11 $ 0.10 $ 0.22 $ 0.19