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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest and fees on loans $ 55,565 $ 54,853 $ 109,283 $ 110,346
Interest and dividends on investment securities:        
Taxable 7,309 7,671 14,949 15,717
Exempt from federal taxes 1,083 1,215 2,180 2,441
Interest on deposits in banks 225 212 456 510
Interest on federal funds sold 3 5 4 9
Total interest income 64,185 63,956 126,872 129,023
Interest expense:        
Interest on deposits 3,327 4,038 6,751 8,393
Interest on securities sold under repurchase agreements 63 74 129 174
Interest on long-term debt 476 483 949 963
Interest on preferred stock pending redemption 0 0 0 159
Interest on subordinated debentures held by subsidiary trusts 592 601 1,180 1,297
Total interest expense 4,458 5,196 9,009 10,986
Net interest income 59,727 58,760 117,863 118,037
Provision for loan losses (2,001) 375 (7,001) 875
Net interest income after provision for loan losses 61,728 58,385 124,864 117,162
Non-interest income:        
Other service charges, commissions and fees 9,699 8,977 18,855 17,233
Income from the origination and sale of loans 6,380 10,043 11,040 20,718
Investment Advisory, Management and Administrative Fees 4,609 4,020 9,064 8,154
Service charges on deposit accounts 3,929 4,323 7,804 8,391
Investment securities gains, net 17 (12) 88 (4)
Other income 1,937 2,228 3,826 3,906
Total non-interest income 26,571 29,579 50,677 58,398
Non-interest expense:        
Salaries and wages 24,440 23,535 46,882 46,977
Employee benefits 7,164 7,546 15,477 15,721
Occupancy, net 4,253 4,063 8,492 8,089
Furniture and equipment 3,157 3,163 6,358 6,215
Outsourced technology services 2,309 2,195 4,609 4,352
OREO expense, net of income (134) (915) (153) 981
FDIC insurance premiums 1,093 1,356 2,209 2,733
Professional fees 1,278 1,136 2,648 2,263
Mortgage servicing rights amortization 583 719 1,183 1,558
Mortgage servicing rights impairment recovery (11) (11) (56) (59)
Core deposit intangibles amortization 354 355 708 709
Other expenses 10,837 11,878 21,304 22,166
Non-core acquisition expenses 597 0 597 0
Total non-interest expense 55,920 55,020 110,258 111,705
Income before income tax expense 32,379 32,944 65,283 63,855
Income tax expense 11,302 11,439 22,813 22,306
Net income $ 21,077 $ 21,505 $ 42,470 $ 41,549
Basic earnings per common share $ 0.48 $ 0.49 $ 0.96 $ 0.96
Diluted earnings per common share $ 0.47 $ 0.49 $ 0.95 $ 0.95