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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Interest and fees on loans $ 158,164 $ 136,338 $ 308,646 $ 267,417
Interest and dividends on investment securities:        
Taxable 12,233 15,709 27,165 32,165
Tax-exempt 3,595 3,700 7,207 7,386
Dividends 1,616 1,390 3,355 3,180
Interest on federal funds sold and other short-term investments 146 27 366 54
Total interest income 175,754 157,164 346,739 310,202
Interest Expense        
Savings, NOW and money market 5,911 4,530 11,906 8,811
Time 8,128 6,683 16,102 13,215
Interest on short-term borrowings 207 304 301 622
Interest on long-term borrowings and junior subordinated debentures 25,331 28,228 50,167 56,111
Total interest expense 39,577 39,745 78,476 78,759
Net Interest Income 136,177 117,419 268,263 231,443
Provision for credit losses 4,500 (5,671) 4,500 (1,673)
Net Interest Income After Provision for Credit Losses 131,677 123,090 263,763 233,116
Non-Interest Income        
Trust and investment services 2,576 2,244 5,070 4,686
Insurance commissions 4,130 4,491 8,335 8,989
Service charges on deposit accounts 5,263 5,636 10,553 11,387
(Losses) gains on securities transactions, net (92) 7 2,324 (1)
Fees from loan servicing 1,642 1,786 3,245 3,456
Gains on sales of loans, net 422 679 1,020 1,592
Gains on sales of assets, net 200 276 481 128
Bank owned life insurance 1,618 1,614 3,382 3,022
Change in FDIC loss-share receivable 595 (7,711) (3,325) (7,787)
Other 3,846 3,512 7,760 7,800
Total non-interest income 20,200 12,534 38,845 33,272
Non-Interest Expense        
Salary and employee benefits expense 54,574 47,094 111,286 95,182
Net occupancy and equipment expense 22,132 17,973 44,332 38,697
FDIC insurance assessment 4,012 3,393 7,804 6,680
Amortization of other intangible assets 2,096 2,346 4,489 4,697
Professional and legal fees 4,059 4,384 7,400 8,062
Amortization of tax credit investments 4,511 5,802 9,007 9,518
Advertising 1,631 533 3,360 1,150
Telecommunication expense 2,045 1,643 4,051 3,349
Other 12,352 11,185 23,801 23,117
Total non-interest expense 107,412 94,353 215,530 190,452
Income Before Income Taxes 44,465 41,271 87,078 75,936
Income tax expense 12,474 11,751 24,746 12,581
Net Income $ 31,991 $ 29,520 $ 62,332 $ 63,355
Earnings Per Common Share:        
Basic (in usd per share) $ 0.14 $ 0.15 $ 0.27 $ 0.32
Diluted (in usd per share) 0.14 0.15 0.27 0.32
Cash Dividends Declared per Common Share (in usd per share) $ 0.11 $ 0.11 $ 0.22 $ 0.22
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 232,565,404 200,472,592 232,452,716 200,301,438
Diluted (in shares) 232,586,616 200,472,592 232,457,748 200,301,438