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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Interest and fees on loans $ 63,729 $ 62,816
Interest and dividends on investment securities:    
Taxable 8,722 8,038
Exempt from federal taxes 792 879
Interest on deposits in banks 1,212 645
Interest on federal funds sold 2 2
Total interest income 74,457 72,380
Interest expense:    
Interest on deposits 4,118 3,228
Interest on securities sold under repurchase agreements 248 90
Interest on long-term debt 453 449
Interest on subordinated debentures held by subsidiary trusts 745 663
Total interest expense 5,564 4,430
Net interest income 68,893 67,950
Provision for loan losses 1,730 4,000
Net interest income after provision for loan losses 67,163 63,950
Non-interest income:    
Payment services revenues 8,445 7,991
Income from the origination and sale of loans 6,548 6,727
Investment Advisory, Management and Administrative Fees 5,013 4,575
Service charges on deposit accounts 4,350 4,463
Other service charges, commissions and fees 2,676 2,608
Investment securities gains, net 2 (21)
Other income 2,073 2,293
Total non-interest income 29,107 28,636
Non-interest expense:    
Salaries and wages 25,741 25,268
Employee benefits 9,616 9,609
Outsourced technology services 5,300 4,832
Occupancy, net 4,789 4,664
Furniture and equipment 2,273 2,256
OREO expense, net of income (48) (39)
Professional fees 1,029 1,308
FDIC insurance premiums 875 1,258
Mortgage servicing rights amortization 612 634
Mortgage servicing rights impairment recovery (70) 15
Core deposit intangibles amortization 630 827
Other expenses 12,241 11,623
Non-core acquisition expenses 705 0
Total non-interest expense 63,693 62,255
Income before income tax expense 32,577 30,331
Income tax expense 9,451 10,207
Net income $ 23,126 $ 20,124
Basic earnings per common share $ 0.52 $ 0.45
Diluted earnings per common share $ 0.51 $ 0.45