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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Loans and leases, including fees $ 186,001 $ 175,068 $ 558,055 $ 503,029
Investment securities:        
Taxable 15,565 13,956 46,935 41,039
Tax-exempt 3,673 3,035 10,222 8,933
Loans held for sale 466 388 1,056 888
Other interest income 2,709 1,601 6,879 4,016
Total Interest Income 208,414 194,048 623,147 557,905
INTEREST EXPENSE        
Deposits 35,737 23,819 97,974 59,553
Short-term borrowings 4,156 2,002 12,200 7,079
Federal Home Loan Bank advances and long-term debt 7,260 8,100 23,854 23,761
Total Interest Expense 47,153 33,921 134,028 90,393
Net Interest Income 161,260 160,127 489,119 467,512
Provision for credit losses 2,170 1,620 12,295 38,707
Net Interest Income After Provision for Credit Losses 159,090 158,507 476,824 428,805
NON-INTEREST INCOME        
Non-interest income before investment securities gains 55,321 51,019 156,146 145,965
Investment securities gains, net 4,492 14 4,733 37
Total Non-Interest Income 59,813 51,033 160,879 146,002
NON-INTEREST EXPENSE        
Salaries and employee benefits 78,211 76,770 234,959 227,457
Net occupancy 12,368 12,578 39,746 38,970
Data processing and software 11,590 10,157 33,211 31,083
Prepayment penalty on FHLB advances 4,326 0 4,326 0
Other outside services 12,163 9,122 31,774 24,814
Amortization of tax credit investments 1,533 1,637 4,516 4,911
Intangible amortization 1,071 0 1,285 0
Professional fees 3,331 3,427 10,261 10,615
Marketing 3,459 3,000 10,100 9,968
FDIC insurance 239 2,814 5,603 8,430
Taxes, Other 2,523 2,707 7,005 7,463
Marketing 3,322 2,692 8,345 7,277
Other 12,634 10,509 37,631 34,431
Total Non-Interest Expense 146,770 135,413 428,762 405,419
Income Before Income Taxes 72,133 74,127 208,941 169,388
Income taxes 10,025 8,494 30,391 19,078
Net Income $ 62,108 $ 65,633 $ 178,550 $ 150,310
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.38 $ 0.37 $ 1.06 $ 0.86
Net Income (Diluted) (in dollars per share) 0.37 0.37 1.06 0.85
Cash Dividends (in dollars per share) $ 0.13 $ 0.12 $ 0.39 $ 0.36
Investment management and trust services        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 13,867 $ 13,066 $ 41,259 $ 38,740
Other service charges and fees        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 18,284 17,540 51,489 47,928
Service charges on deposit accounts        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 13,333 12,665 37,077 36,005
Mortgage banking income        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 6,658 4,896 18,023 14,252
Other        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 3,179 $ 2,852 $ 8,298 $ 9,040