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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Loans including fees:        
Taxable $ 92,189 $ 86,527 $ 184,390 $ 158,099
Nontaxable 3,236 2,991 6,415 5,995
Investment securities:        
Taxable 15,501 13,585 31,186 27,307
Nontaxable 7,228 7,119 14,600 14,101
Money market and other interest-earning investments 55 21 86 70
Total interest income 118,209 110,243 236,677 205,572
Interest Expense        
Deposits 4,724 4,254 9,107 7,747
Federal funds purchased and interbank borrowings 422 217 778 340
Securities sold under agreements to repurchase 334 391 590 764
Federal Home Loan Bank advances 6,017 3,610 11,329 7,027
Other borrowings 2,379 2,431 4,739 4,711
Total interest expense 13,876 10,903 26,543 20,589
Net interest income 104,333 99,340 210,134 184,983
Provision for loan losses 1,355 1,319 1,702 1,410
Net interest income after provision for loan losses 102,978 98,021 208,432 183,573
Noninterest Income        
Wealth management fees 9,679 9,355 18,678 17,476
Service charges on deposit accounts 10,040 10,437 19,883 20,076
Debit card and ATM fees 4,436 4,471 8,672 8,256
Mortgage banking revenue 5,186 5,203 9,412 8,123
Insurance premiums and commissions 160 7,122 267 20,243
Investment product fees 5,004 4,724 9,993 8,629
Capital markets income 2,747 794 3,778 1,413
Company-owned life insurance 2,117 2,080 4,266 4,118
Net securities gains (losses) 3,075 1,856 4,575 2,962
Recognition of deferred gain on sale leaseback transactions 538 1,038 1,075 2,090
Gain on sale of ONB Insurance Group, Inc.   41,864   41,864
Change in FDIC indemnification asset   888   233
Other income 6,289 3,553 11,592 7,353
Total noninterest income 49,271 93,385 92,191 142,836
Noninterest Expense        
Salaries and employee benefits 57,606 62,715 114,170 119,687
Occupancy 10,539 13,568 22,673 26,412
Equipment 3,350 3,316 6,577 6,209
Marketing 3,673 5,111 6,723 7,597
Data processing 8,226 8,676 15,834 15,799
Communication 2,288 2,535 4,702 4,399
Professional fees 4,077 5,181 6,728 8,549
Loan expense 1,693 2,123 3,324 3,456
Supplies 594 598 1,173 1,181
FDIC assessment 2,130 2,030 4,617 3,949
Other real estate owned expense 1,009 2,099 2,124 2,523
Amortization of intangibles 2,781 3,365 5,801 6,012
Other expense 4,845 10,155 10,256 14,054
Total noninterest expense 102,811 121,472 204,702 219,827
Income before income taxes 49,438 69,934 95,921 106,582
Income tax expense 10,584 30,812 21,075 40,483
Net income $ 38,854 $ 39,122 $ 74,846 $ 66,099
Net income per common share-basic $ 0.28 $ 0.31 $ 0.55 $ 0.55
Net income per common share-diluted $ 0.28 $ 0.31 $ 0.55 $ 0.55
Weighted average number of common shares outstanding-basic 135,085 127,508 134,999 120,753
Weighted average number of common shares outstanding-diluted 135,697 127,973 135,641 121,273
Dividends per common share $ 0.13 $ 0.13 $ 0.26 $ 0.26