XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans, including fees $ 95,864 $ 77,344 $ 281,216 $ 231,752
Investment securities:        
Taxable 6,646 4,309 20,897 13,579
Tax-exempt 1,320 962 4,147 2,970
Federal funds sold and securities purchased under agreements to resell 581 666 1,916 2,174
Total interest income 104,411 83,281 308,176 250,475
Interest expense:        
Deposits 2,974 1,412 8,132 4,380
Federal funds purchased and securities sold under agreements to repurchase 276 137 756 418
Other borrowings 842 487 2,576 1,431
Total interest expense 4,092 2,036 11,464 6,229
Net interest income 100,319 81,245 296,712 244,246
Provision for loan losses 2,062 912 8,082 6,198
Net interest income after provision for loan losses 98,257 80,333 288,630 238,048
Noninterest income:        
Fees on deposit accounts 22,448 20,776 66,322 62,439
Mortgage banking income 3,446 6,286 14,210 16,104
Trust and investment services income 6,310 4,877 18,703 14,573
Securities gains, net 1,278   1,388 122
Other-than-temporary impairment losses (753)   (753)  
Recoveries on acquired loans 1,944 2,207 5,647 5,130
Amortization of FDIC indemnification asset, net       (5,901)
Other 1,367 1,194 4,532 5,032
Total noninterest income 36,040 35,340 110,049 97,499
Noninterest expense:        
Salaries and employee benefits 47,245 41,972 143,711 123,941
Net occupancy expense 6,214 5,464 18,650 16,364
Information services expense 6,003 5,237 18,776 15,353
Furniture and equipment expense 3,751 3,234 11,422 9,157
OREO expense and loan related 1,753 2,085 5,648 4,733
Bankcard expense 2,748 2,940 8,404 8,859
Amortization of intangibles 2,494 1,891 7,496 5,687
Supplies, printing and postage expense 1,491 1,345 4,715 4,910
Professional fees 1,265 1,758 4,637 4,663
FDIC assessment and other regulatory charges 918 1,001 3,029 3,162
Advertising and marketing 852 790 2,400 2,293
Merger and branch consolidation related expenses 1,551 709 26,882 3,240
Other 5,289 4,765 17,066 16,712
Total noninterest expense 81,574 73,191 272,836 219,074
Earnings:        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 52,723 42,482 125,843 116,473
Provision for income taxes 17,677 14,387 40,710 39,368
Net income 35,046 28,095 85,133 77,105
Net income $ 35,046 $ 28,095 $ 85,133 $ 77,105
Earnings per common share:        
Basic (in dollars per share) $ 1.20 $ 1.17 $ 2.92 $ 3.21
Diluted (in dollars per share) 1.19 1.16 2.90 3.18
Dividends per common share (in dollars per share) $ 0.33 $ 0.31 $ 0.99 $ 0.89
Weighted-average common shares outstanding:        
Basic (in shares) 29,115 24,016 29,023 23,989
Diluted (in shares) 29,385 24,278 29,291 24,229