XML 89 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest Income      
Residential real estate loans $ 30,721us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate $ 29,525us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate $ 30,850us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate
Commercial loans 145,631us-gaap_InterestAndFeeIncomeLoansCommercial 127,450us-gaap_InterestAndFeeIncomeLoansCommercial 121,425us-gaap_InterestAndFeeIncomeLoansCommercial
Consumer and other loans 30,515us-gaap_InterestAndFeeIncomeLoansOtherConsumer 32,089us-gaap_InterestAndFeeIncomeLoansOtherConsumer 35,096us-gaap_InterestAndFeeIncomeLoansOtherConsumer
Investment securities 93,052us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 74,512us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 66,386us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
Total interest income 299,919us-gaap_InterestAndDividendIncomeOperating 263,576us-gaap_InterestAndDividendIncomeOperating 253,757us-gaap_InterestAndDividendIncomeOperating
Interest Expense      
Deposits 13,195us-gaap_InterestExpenseDeposits 13,870us-gaap_InterestExpenseDeposits 18,183us-gaap_InterestExpenseDeposits
Securities sold under agreements to repurchase 865us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase 867us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase 1,308us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
Federal Home Loan Bank advances 9,570gbci_InterestExpenseFederalHomeLoanBankAdvance 10,610gbci_InterestExpenseFederalHomeLoanBankAdvance 12,566gbci_InterestExpenseFederalHomeLoanBankAdvance
Federal funds purchased and other borrowed funds 199us-gaap_InterestExpenseOther 206us-gaap_InterestExpenseOther 229us-gaap_InterestExpenseOther
Subordinated debentures 3,137us-gaap_InterestExpenseJuniorSubordinatedDebentures 3,205us-gaap_InterestExpenseJuniorSubordinatedDebentures 3,428us-gaap_InterestExpenseJuniorSubordinatedDebentures
Total interest expense 26,966us-gaap_InterestExpense 28,758us-gaap_InterestExpense 35,714us-gaap_InterestExpense
Net Interest Income 272,953us-gaap_InterestIncomeExpenseNet 234,818us-gaap_InterestIncomeExpenseNet 218,043us-gaap_InterestIncomeExpenseNet
Provision for loan losses 1,912us-gaap_ProvisionForLoanLeaseAndOtherLosses 6,887us-gaap_ProvisionForLoanLeaseAndOtherLosses 21,525us-gaap_ProvisionForLoanLeaseAndOtherLosses
Net interest income after provision for loan losses 271,041us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 227,931us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 196,518us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Non-Interest Income      
Service charges and other fees 54,089us-gaap_FeesAndCommissionsDepositorAccounts 49,478us-gaap_FeesAndCommissionsDepositorAccounts 45,343us-gaap_FeesAndCommissionsDepositorAccounts
Miscellaneous loan fees and charges 4,696us-gaap_FeesAndCommissionsOther 4,982us-gaap_FeesAndCommissionsOther 4,363us-gaap_FeesAndCommissionsOther
Gain on sale of loans 19,797us-gaap_GainLossOnSalesOfLoansNet 28,517us-gaap_GainLossOnSalesOfLoansNet 32,227us-gaap_GainLossOnSalesOfLoansNet
Loss on sale of investments (188)us-gaap_GainLossOnSaleOfSecuritiesNet (299)us-gaap_GainLossOnSaleOfSecuritiesNet 0us-gaap_GainLossOnSaleOfSecuritiesNet
Other income 11,908us-gaap_NoninterestIncomeOtherOperatingIncome 10,369us-gaap_NoninterestIncomeOtherOperatingIncome 9,563us-gaap_NoninterestIncomeOtherOperatingIncome
Total non-interest income 90,302us-gaap_NoninterestIncome 93,047us-gaap_NoninterestIncome 91,496us-gaap_NoninterestIncome
Non-Interest Expense      
Compensation and employee benefits 118,571us-gaap_LaborAndRelatedExpense 104,221us-gaap_LaborAndRelatedExpense 95,373us-gaap_LaborAndRelatedExpense
Occupancy and equipment 27,498us-gaap_OccupancyNet 24,875us-gaap_OccupancyNet 23,837us-gaap_OccupancyNet
Advertising and promotions 7,912us-gaap_AdvertisingExpense 6,913us-gaap_AdvertisingExpense 6,413us-gaap_AdvertisingExpense
Data processing 6,607us-gaap_InformationTechnologyAndDataProcessing 4,493us-gaap_InformationTechnologyAndDataProcessing 3,324us-gaap_InformationTechnologyAndDataProcessing
Other real estate owned 2,568us-gaap_ForeclosedRealEstateExpense 7,196us-gaap_ForeclosedRealEstateExpense 18,964us-gaap_ForeclosedRealEstateExpense
Regulatory assessments and insurance 5,064us-gaap_FederalDepositInsuranceCorporationPremiumExpense 6,362us-gaap_FederalDepositInsuranceCorporationPremiumExpense 7,313us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Core deposit intangible amortization 2,811us-gaap_AmortizationOfIntangibleAssets 2,401us-gaap_AmortizationOfIntangibleAssets 2,110us-gaap_AmortizationOfIntangibleAssets
Other expense 41,648us-gaap_OtherNoninterestExpense 38,856us-gaap_OtherNoninterestExpense 36,087us-gaap_OtherNoninterestExpense
Total non-interest expense 212,679us-gaap_NoninterestExpense 195,317us-gaap_NoninterestExpense 193,421us-gaap_NoninterestExpense
Income Before Income Taxes 148,664us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 125,661us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 94,593us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Federal and state income tax expense 35,909us-gaap_IncomeTaxExpenseBenefit 30,017us-gaap_IncomeTaxExpenseBenefit 19,077us-gaap_IncomeTaxExpenseBenefit
Net Income $ 112,755us-gaap_NetIncomeLoss $ 95,644us-gaap_NetIncomeLoss $ 75,516us-gaap_NetIncomeLoss
Basic earnings per share $ 1.51us-gaap_EarningsPerShareBasic $ 1.31us-gaap_EarningsPerShareBasic $ 1.05us-gaap_EarningsPerShareBasic
Diluted earnings per share $ 1.51us-gaap_EarningsPerShareDiluted $ 1.31us-gaap_EarningsPerShareDiluted $ 1.05us-gaap_EarningsPerShareDiluted
Dividends declared per share $ 0.98us-gaap_CommonStockDividendsPerShareDeclared $ 0.60us-gaap_CommonStockDividendsPerShareDeclared $ 0.53us-gaap_CommonStockDividendsPerShareDeclared
Average outstanding shares - basic 74,641,957us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 73,191,713us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 71,928,570us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Average outstanding shares - diluted 74,687,315us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 73,260,278us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 71,928,656us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding