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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Interest and fees on loans $ 62,816 $ 59,371
Interest and dividends on investment securities:    
Taxable 8,038 7,971
Exempt from federal taxes 879 1,059
Interest on deposits in banks 645 389
Interest on federal funds sold 2 2
Total interest income 72,380 68,792
Interest expense:    
Interest on deposits 3,228 3,309
Interest on securities sold under repurchase agreements 90 54
Interest on long-term debt 449 515
Interest on subordinated debentures held by subsidiary trusts 663 589
Total interest expense 4,430 4,467
Net interest income 67,950 64,325
Provision for loan losses 4,000 1,095
Net interest income after provision for loan losses 63,950 63,230
Non-interest income:    
Payment services revenues 7,991 7,372
Other service charges, commissions and fees 2,608 2,495
Income from the origination and sale of loans 6,141 5,906
Investment Advisory, Management and Administrative Fees 4,575 4,937
Service charges on deposit accounts 4,463 3,944
Investment securities gains, net (21) 6
Other income 1,486 3,122
Total non-interest income 27,243 27,782
Non-interest expense:    
Salaries and wages 24,682 25,349
Employee benefits 8,802 7,780
Occupancy, net 4,664 4,492
Furniture and equipment 2,256 3,793
Outsourced technology services 4,832 2,463
OREO expense, net of income (39) (61)
Professional fees 1,308 1,301
FDIC insurance premiums 1,258 1,142
Mortgage servicing rights amortization 634 619
Mortgage servicing rights impairment recovery 15 (15)
Core deposit intangibles amortization 827 855
Other expenses 11,623 11,804
Non-core acquisition expenses 0 70
Total non-interest expense 60,862 59,592
Income before income tax expense 30,331 31,420
Income tax expense 10,207 10,440
Net income $ 20,124 $ 20,980
Basic earnings per common share $ 0.45 $ 0.46
Diluted earnings per common share $ 0.45 $ 0.46