XML 113 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Loans, including fees $ 268,503 $ 174,807 $ 162,205
Investment securities:      
Taxable 11,073 7,577 7,641
Tax-exempt 4,773 3,947 854
Federal funds sold and securities purchased under agreements to resell 1,906 1,157 1,018
Total interest income 286,255 187,488 171,718
Interest expense:      
Deposits 8,467 8,424 17,557
Federal funds purchased and securities sold under agreements to repurchase 426 451 527
Other borrowings 4,109 2,219 2,182
Total interest expense 13,002 11,094 20,266
Net interest income 273,253 176,394 151,452
Provision for loan losses 1,886 13,619 30,236
Net interest income after provision for loan losses 271,367 162,775 121,216
Noninterest income:      
Service charges on deposit accounts 30,561 23,815 22,654
Bankcard services income 21,883 14,173 11,721
Trust and investment services income 12,661 6,360 5,464
Mortgage banking income 9,108 12,545 6,271
Securities gains, net   189 323
Total other-than-temporary impairment losses     (115)
Portion of impairment losses recognized in other comprehensive income 0    
Net impairment losses recognized in earnings     (115)
Gains on acquisitions     16,529
Accretion (amortization) of FDIC indemnification asset (29,535) (20,773) (10,135)
Other 9,170 4,974 2,407
Total noninterest income 53,848 41,283 55,119
Noninterest expense:      
Salaries and employee benefits 122,096 76,308 68,937
Merger expense 22,534 10,214 3,198
Net occupancy expense 17,518 11,608 9,674
Information services expense 14,334 11,092 10,512
OREO expense and loan related 13,758 12,003 14,051
Furniture and equipment expense 12,130 9,115 8,476
Bankcard expense 6,435 4,062 3,241
Amortization of intangibles 6,081 2,172 1,991
FDIC assessment and other regulatory charges 5,034 3,875 4,573
Professional fees 4,337 2,681 1,776
Advertising and marketing 3,941 2,735 2,729
Other 22,443 13,033 13,820
Total noninterest expense 250,641 158,898 142,978
Earnings:      
Income before provision for income taxes 74,574 45,160 33,357
Provision for income taxes 25,355 15,128 10,762
Net income 49,219 30,032 22,595
Preferred stock dividends 1,354    
Net income available to common shareholders $ 47,865 $ 30,032 $ 22,595
Earnings per common share:      
Basic (in dollars per share) $ 2.41 $ 2.04 $ 1.65
Diluted (in dollars per share) $ 2.38 $ 2.03 $ 1.63
Dividends per common share (in dollars per share) $ 0.74 $ 0.69 $ 0.68
Weighted average common shares outstanding:      
Basic (in shares) 19,866 14,698 13,677
Diluted (in shares) 20,077 14,796 13,751