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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Loans, including fees $ 58,694 $ 53,725 $ 167,744 $ 151,749
Investment securities        
Taxable 9,986 10,227 28,875 31,019
Tax-exempt 1,163 894 3,419 2,500
Total interest on investment securities 11,149 11,121 32,294 33,519
Other earning assets (1,168) (1,455) (3,511) (4,162)
Total interest income 68,675 63,391 196,527 181,106
Interest expense        
Deposits 4,861 4,218 14,302 11,140
Short-term borrowings 374 354 930 975
Long-term borrowings 281 456 876 1,505
Total interest expense 5,516 5,028 16,108 13,620
Net interest income 63,159 58,363 180,419 167,486
Provision for loan and lease losses 2,647 893 7,777 (524)
Net interest income after provision for loan and lease losses 60,512 57,470 172,642 168,010
Noninterest income        
Service charges on deposit accounts 4,934 5,263 14,260 15,172
Trust and wealth management fees 3,134 3,207 10,042 10,258
Bankcard income 2,909 2,859 8,501 8,101
Net gains from sales of loans 1,758 1,660 5,146 2,793
Net gains on sales of investment securities 409 0 1,503 50
FDIC loss sharing income (973) (192) (2,323) 408
Accelerated discount on covered/formerly covered loans 3,820 789 10,006 2,425
Other 4,364 2,925 12,248 7,816
Total noninterest income 20,355 16,511 59,383 47,023
Noninterest expenses        
Salaries and employee benefits 27,768 28,686 82,160 79,562
Net occupancy 4,510 4,577 13,895 14,381
Furniture and equipment 2,165 2,265 6,537 6,325
Data processing 2,591 4,393 8,020 10,021
Marketing 810 939 2,671 2,555
Communication 531 541 1,659 1,726
Professional services 4,092 1,568 7,789 4,741
State intangible tax 579 648 1,733 1,936
FDIC assessments 1,103 1,126 3,307 3,334
Loss (gain) - other real estate owned 196 (589) 1,089 573
Loss sharing expense 574 1,002 1,451 4,036
Other 8,073 6,263 19,535 17,182
Total noninterest expenses 52,992 51,419 149,846 146,372
Income before income taxes 27,875 22,562 82,179 68,661
Income tax expense 9,202 7,218 26,936 22,260
Net income $ 18,673 $ 15,344 $ 55,243 $ 46,401
Earnings per common share        
Basic $ 0.31 $ 0.26 $ 0.90 $ 0.80
Diluted 0.30 0.26 0.89 0.79
Cash dividends declared per share $ 0.16 $ 0.15 $ 0.48 $ 0.45
Average common shares outstanding - basic 61,135,749 59,403,109 61,088,794 57,907,203
Average common shares outstanding - diluted 61,987,795 60,112,932 61,858,724 58,639,394