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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income        
Loans, including fees $ 53,725 $ 52,908 $ 151,749 $ 163,955
Investment securities        
Taxable 10,227 8,267 31,019 24,938
Tax-exempt 894 541 2,500 1,681
Total interest on investment securities 11,121 8,808 33,519 26,619
Other earning assets (1,455) (2,185) (4,162) (5,213)
Total interest income 63,391 59,531 181,106 185,361
Interest expense        
Deposits 4,218 2,856 11,140 10,000
Short-term borrowings 354 286 975 920
Long-term borrowings 456 617 1,505 1,925
Total interest expense 5,028 3,759 13,620 12,845
Net interest income 58,363 55,772 167,486 172,516
Provision for Loan and Lease Losses 1,093 1,413 2,281 6,863
Provision for loan and lease losses covered (200) 5,293 (2,805) 6,052
Net interest income after provision for loan and lease losses 57,470 49,066 168,010 159,601
Noninterest income        
Service charges on deposit accounts 5,263 5,447 15,172 15,369
Trust and wealth management fees 3,207 3,366 10,258 10,813
Bankcard income 2,859 2,637 8,101 8,215
Net gains from sales of loans 1,660 751 2,793 2,546
Gains on sales of investment securities 0 0 50 1,724
FDIC loss sharing income (192) 5,555 408 7,105
Accelerated discount on covered loans 789 1,711 2,425 5,581
Other 2,925 2,824 7,816 9,251
Total noninterest income 16,511 22,291 47,023 60,604
Noninterest expenses        
Salaries and employee benefits 28,686 23,834 79,562 77,379
Pension settlement charges 0 (1,396) 0 (5,712)
Net occupancy 4,577 5,101 14,381 16,650
Furniture and equipment 2,265 2,213 6,325 6,834
Data processing 4,393 2,584 10,021 7,612
Marketing 939 1,192 2,555 3,271
Communication 541 865 1,726 2,479
Professional services 1,568 1,528 4,741 5,095
State intangible tax 648 1,010 1,936 3,028
FDIC assessments 1,126 1,107 3,334 3,380
Loss (gain) - other real estate owned 844 184 1,575 902
Loss (gain) - covered other real estate owned 1,433 (204) 1,002 2,165
Loss sharing expense 1,002 1,724 4,036 5,588
Other 6,263 5,859 17,182 19,425
Total noninterest expenses 51,419 48,801 146,372 155,190
Income before income taxes 22,562 22,556 68,661 65,015
Income tax expense 7,218 7,645 22,260 20,451
Net income $ 15,344 $ 14,911 $ 46,401 $ 44,564
Earnings per common share        
Basic $ 0.26 $ 0.26 $ 0.80 $ 0.78
Diluted $ 0.26 $ 0.26 $ 0.79 $ 0.77
Cash dividends declared per share $ 0.15 $ 0.27 $ 0.45 $ 0.79
Average common shares outstanding - basic 59,403,109 57,201,390 57,907,203 57,309,934
Average common shares outstanding - diluted 60,112,932 58,012,588 58,639,394 58,143,372