XML 18 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Investment securities $ 90,392 $ 91,086 $ 93,052
Residential real estate loans 33,410 32,153 30,721
Commercial loans 188,949 164,966 145,631
Consumer and other loans 31,402 31,476 30,515
Total interest income 344,153 319,681 299,919
Interest Expense      
Deposits 18,402 16,138 13,195
Securities sold under agreements to repurchase 1,207 1,021 865
Federal Home Loan Bank advances 6,221 8,841 9,570
Federal funds purchased and other borrowed funds 67 81 199
Subordinated debentures 3,734 3,194 3,137
Total interest expense 29,631 29,275 26,966
Net Interest Income 314,522 290,406 272,953
Provision for loan losses 2,333 2,284 1,912
Net interest income after provision for loan losses 312,189 288,122 271,041
Non-Interest Income      
Service charges and other fees 62,405 59,286 56,043
Miscellaneous loan fees and charges 4,613 4,276 4,696
Gain on sale of loans 33,606 26,389 19,797
(Loss) gain on sale of investments (1,463) 19 (188)
Other income 8,157 8,791 9,954
Total non-interest income 107,318 98,761 90,302
Non-Interest Expense      
Compensation and employee benefits 151,697 134,409 118,571
Occupancy and equipment 25,979 25,505 22,718
Advertising and promotions 8,433 8,661 7,912
Data processing 14,800 11,477 11,387
Other real estate owned 2,895 3,693 2,568
Regulatory assessments and insurance 4,780 5,283 5,064
Core deposit intangible amortization 2,970 2,964 2,811
Other expense 47,160 44,765 41,648
Total non-interest expense 258,714 236,757 212,679
Income Before Income Taxes 160,793 150,126 148,664
Federal and state income tax expense 39,662 33,999 35,909
Net Income $ 121,131 $ 116,127 $ 112,755
Basic earnings per share $ 1.59 $ 1.54 $ 1.51
Diluted earnings per share 1.59 1.54 1.51
Dividends declared per share $ 1.10 $ 1.05 $ 0.98
Average outstanding shares - basic 76,278,463 75,542,455 74,641,957
Average outstanding shares - diluted 76,341,836 75,595,581 74,687,315