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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Loans, including fees $ 167,825 $ 148,440 $ 327,961 $ 291,006
Investment securities:        
Taxable 13,885 11,474 27,078 23,388
Tax-exempt 2,933 2,856 5,898 5,705
Dividends 0 109 5 238
Loans held for sale 284 201 500 388
Other interest income 1,243 801 2,415 1,643
Total Interest Income 186,170 163,881 363,857 322,368
INTEREST EXPENSE        
Deposits 19,284 12,884 35,734 24,685
Short-term borrowings 3,036 974 5,077 1,829
Federal Home Loan Bank advances and other long-term debt 7,783 8,460 15,661 16,712
Total Interest Expense 30,103 22,318 56,472 43,226
Net Interest Income 156,067 141,563 307,385 279,142
Provision for credit losses 33,117 6,700 37,087 11,500
Net Interest Income After Provision for Credit Losses 122,950 134,863 270,298 267,642
NON-INTEREST INCOME        
Other service charges and fees 13,665 14,342 25,084 26,779
Service charges on deposit accounts 12,270 12,914 24,232 25,314
Investment management and trust services 12,803 12,132 25,674 23,940
Mortgage banking income 5,163 6,141 9,356 10,737
Investment securities gains, net 4 1,436 23 2,542
Other 5,189 5,406 10,600 9,732
Non-interest income before investment securities gains 49,090 50,935 94,946 96,502
Total Non-Interest Income 49,094 52,371 94,969 99,044
NON-INTEREST EXPENSE        
Salaries and employee benefits 74,919 74,496 150,687 143,732
Net occupancy expense 12,760 12,316 26,392 24,979
Data processing and software 10,453 9,054 20,926 18,033
Other outside services 7,568 7,708 15,692 13,254
Amortization of tax credit investments 1,637 3,151 3,274 4,149
Professional fees 2,372 2,931 7,188 5,668
Equipment expense 3,434 3,034 6,968 6,393
FDIC insurance expense 2,663 2,366 5,616 4,424
Taxes, Other 2,454 2,814 4,756 4,900
Marketing 2,335 2,234 4,585 4,220
Other 12,750 12,591 23,922 25,218
Total Non-Interest Expense 133,345 132,695 270,006 254,970
Income Before Income Taxes 38,699 54,539 95,261 111,716
Income taxes 3,502 9,072 10,584 22,869
Net Income $ 35,197 $ 45,467 $ 84,677 $ 88,847
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.20 $ 0.26 $ 0.48 $ 0.51
Net Income (Diluted) (in dollars per share) 0.20 0.26 0.48 0.51
Cash Dividends (in dollars per share) $ 0.12 $ 0.11 $ 0.24 $ 0.22