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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans $ 94,019 $ 65,626 $ 231,643 $ 191,076
Interest and dividends on investment securities:        
Taxable 11,634 7,878 30,139 23,898
Exempt from federal taxes 795 820 2,442 2,557
Interest on deposits in banks 2,314 607 4,859 1,734
Interest on federal funds sold 3 4 8 9
Total interest income 108,765 74,935 269,091 219,274
Interest expense:        
Interest on deposits 6,197 3,099 15,326 9,435
Interest on securities sold under repurchase agreements 350 100 870 282
Interest on other debt 608 457 1,542 1,357
Interest on subordinated debentures held by subsidiary trusts 819 698 2,346 2,036
Total interest expense 7,974 4,354 20,084 13,110
Net interest income 100,791 70,581 249,007 206,164
Provision for loan losses 3,443 2,363 7,528 8,913
Net interest income after provision for loan losses 97,348 68,218 241,479 197,251
Non-interest income:        
Payment services revenues 12,366 9,019 31,036 25,658
Mortgage banking revenues 8,251 11,303 22,442 28,311
Wealth management revenues 5,544 4,995 15,641 14,736
Service charges on deposit accounts 5,904 4,692 15,314 13,781
Other service charges, commissions and fees 3,584 2,628 9,618 8,081
Loss on termination of interest rate swap (1,128) 0 (1,128) 0
Investment securities gains (losses), net 771 225 778 312
Other income 2,982 2,299 10,860 7,049
Non-recurring litigation recovery 0 0 0 3,750
Total non-interest income 38,274 35,161 104,561 101,678
Non-interest expense:        
Salaries and wages 34,662 26,908 88,440 79,755
Employee benefits 10,185 8,610 29,612 26,285
Outsourced technology services 6,569 5,211 17,869 14,843
Occupancy, net 6,059 4,413 16,028 13,361
Furniture and equipment 3,151 2,398 8,163 7,114
OREO expense, net of income 242 8 228 109
Professional fees 1,888 1,191 4,712 3,635
FDIC insurance premiums 1,666 1,212 3,327 3,668
Mortgage servicing rights amortization 816 854 2,135 2,210
Mortgage servicing rights impairment (recovery) (12) (16) (84) (21)
Core deposit intangibles amortization 1,885 875 3,577 2,529
Other expenses 14,529 12,542 40,887 36,740
Acquisition related expenses 13,016 1,197 23,854 1,197
Total non-interest expense 94,656 65,403 238,748 191,425
Income before income tax expense 40,966 37,976 107,292 107,504
Income tax expense 13,707 12,783 35,039 36,633
Net income $ 27,259 $ 25,193 $ 72,253 $ 70,871
Basic earnings per common share (in dollars per share) $ 0.49 $ 0.57 $ 1.46 $ 1.59
Diluted earnings per common share (in dollars per share) $ 0.48 $ 0.56 $ 1.45 $ 1.58