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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 $ 175,068 $ 155,152 $ 503,029 $ 446,158
Investment securities:        
Taxable 13,956 11,423 41,034 34,811
Tax-exempt 3,035 2,920 8,933 8,625
Dividends 0 105 5 343
Loans held for sale 388 243 888 631
Other interest income 1,601 1,667 4,016 3,311
Total Interest Income 194,048 171,510 557,905 493,879
INTEREST EXPENSE        
Deposits 23,819 16,023 59,553 40,709
Short-term borrowings 2,002 578 7,079 2,407
Federal Home Loan Bank advances and other long-term debt 8,100 8,100 23,761 24,812
Total Interest Expense 33,921 24,701 90,393 67,928
Net Interest Income 160,127 146,809 467,512 425,951
Provision for credit losses 1,620 5,075 38,707 16,575
Net Interest Income After Provision for Credit Losses 158,507 141,734 428,805 409,376
NON-INTEREST INCOME        
Non-interest income before investment securities gains 51,019 47,377 145,965 143,879
Investment securities gains, net 14 4,597 37 7,139
Total Non-Interest Income 51,033 51,974 146,002 151,018
NON-INTEREST EXPENSE        
Salaries and employee benefits 76,770 72,894 227,457 216,626
Net occupancy expense 12,578 12,180 38,970 37,159
Data processing and software 10,157 10,301 31,083 28,334
Other outside services 9,122 6,582 24,814 19,836
Amortization of tax credit investments 1,637 3,503 4,911 7,652
Professional fees 3,427 3,388 10,615 9,056
Equipment expense 3,000 3,298 9,968 9,691
FDIC insurance expense 2,814 3,007 8,430 7,431
Taxes, Other 2,707 2,830 7,463 7,730
Marketing 2,692 2,089 7,277 6,309
Other 10,509 12,085 34,431 37,303
Total Non-Interest Expense 135,413 132,157 405,419 387,127
Income Before Income Taxes 74,127 61,551 169,388 173,267
Income taxes 8,494 12,646 19,078 35,515
Net Income $ 65,633 $ 48,905 $ 150,310 $ 137,752
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.37 $ 0.28 $ 0.86 $ 0.79
Net Income (Diluted) (in dollars per share) 0.37 0.28 0.85 0.78
Cash Dividends (in dollars per share) $ 0.12 $ 0.11 $ 0.36 $ 0.33
Investment management and trust services        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 13,066 $ 12,157 $ 38,740 $ 36,097
Other service charges and fees        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 15,433 12,251 40,517 39,030
Service charges on deposit accounts        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 12,259 13,022 36,491 38,336
Mortgage banking income        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 4,896 4,805 14,252 15,542
Other        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 5,365 $ 5,142 $ 15,965 $ 14,874