XML 54 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - 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 $ 45,791 $ 46,073 $ 91,382 $ 91,766
Interest and dividends on taxable investments 13,288 12,772 25,348 25,242
Interest and dividends on nontaxable investments 4,801 5,264 9,604 10,340
Total interest income 63,880 64,109 126,334 127,348
Interest expense:        
Interest on deposits 1,731 2,068 3,531 4,303
Interest on borrowings 294 254 494 537
Interest on subordinated debt held by unconsolidated subsidiary trusts 627 617 1,241 1,229
Total interest expense 2,652 2,939 5,266 6,069
Net interest income 61,228 61,170 121,068 121,279
Provision for loan losses 591 1,900 1,214 2,900
Net interest income after provision for loan losses 60,637 59,270 119,854 118,379
Noninterest income:        
Deposit service fees 13,213 13,172 25,683 25,427
Other banking services 799 1,608 1,854 2,798
Employee benefit services 11,322 10,448 22,397 20,883
Wealth management services 4,385 4,438 8,831 8,912
Total noninterest income 29,719 29,666 58,765 58,020
Noninterest expenses:        
Salaries and employee benefits 31,010 30,409 62,039 61,149
Occupancy and equipment 6,844 6,916 14,239 14,608
Data processing and communications 7,473 7,251 14,463 14,054
Amortization of intangible assets 880 1,101 1,799 2,242
Legal and professional fees 1,642 1,507 3,388 3,454
Office supplies and postage 1,517 1,647 3,097 3,198
Business development and marketing 2,258 1,930 3,822 3,660
FDIC insurance premiums 963 947 1,952 1,966
Acquisition expenses 361 0 756 123
Other 3,100 3,456 6,441 6,632
Total noninterest expenses 56,048 55,164 111,996 111,086
Income before income taxes 34,308 33,772 66,623 65,313
Income taxes 10,468 10,096 20,486 19,463
Net income $ 23,840 $ 23,676 $ 46,137 $ 45,850
Basic earnings per share (in dollars per share) $ 0.58 $ 0.58 $ 1.13 $ 1.13
Diluted earnings per share (in dollars per share) 0.58 0.57 1.12 1.11
Cash dividends declared per share (in dollars per share) $ 0.30 $ 0.28 $ 0.60 $ 0.56