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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Investment securities $ 23,883 $ 22,959
Residential real estate loans 8,285 7,761
Commercial loans 44,503 39,022
Consumer and other loans 7,710 7,744
Total interest income 84,381 77,486
Interest Expense    
Deposits 4,795 4,147
Securities sold under agreements to repurchase 318 241
Federal Home Loan Bank advances 1,652 2,195
Other borrowed funds 18 27
Subordinated debentures 892 772
Total interest expense 7,675 7,382
Net Interest Income 76,706 70,104
Provision for loan losses 568 765
Net interest income after provision for loan losses 76,138 69,339
Non-Interest Income    
Service charges and other fees 14,331 12,999
Miscellaneous loan fees and charges 1,021 1,157
Gain on sale of loans 5,992 5,430
Gain on sale of investments 108 5
Other income 2,800 3,102
Total non-interest income 24,252 22,693
Non-Interest Expense    
Compensation and employee benefits 36,941 32,244
Occupancy and equipment 6,676 6,060
Advertising and promotions 2,125 1,927
Data processing 3,373 2,551
Other real estate owned 390 758
Regulatory assessments and insurance 1,508 1,305
Core deposit intangibles amortization 797 731
Other expenses 10,546 9,921
Total non-interest expense 62,356 55,497
Income Before Income Taxes 38,034 36,535
Federal and state income tax expense 9,352 8,865
Net Income $ 28,682 $ 27,670
Basic earnings per share $ 0.38 $ 0.37
Diluted earnings per share 0.38 0.37
Dividends declared per share $ 0.20 $ 0.18
Average outstanding shares - basic 76,126,251 75,206,348
Average outstanding shares - diluted 76,173,417 75,244,959