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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME:    
Interest and fees on loans and leases $ 68,425 $ 53,049
Interest on securities:    
Taxable 8,735 7,132
Nontaxable 3,510 2,916
Interest on federal funds sold 10 1
Interest on interest bearing deposits in other financial institutions 4 4
TOTAL INTEREST INCOME 80,684 63,102
INTEREST EXPENSE:    
Interest on deposits 4,173 4,172
Interest on short-term borrowings 329 198
Interest on other borrowings (includes $506 and $564 of interest expense related to derivatives reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015, respectively. 3,475 4,802
TOTAL INTEREST EXPENSE 7,977 9,172
NET INTEREST INCOME 72,707 53,930
Provision for loan and lease losses 2,067 1,671
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 70,640 52,259
NONINTEREST INCOME:    
Service charges and fees 7,162 5,404
Loan servicing income 1,268 1,041
Trust fees 3,813 3,631
Brokerage and insurance commissions 1,022 1,087
Securities gains, net (includes $3,756 and $4,353 of net security gains reclassified from accumulated other comprehensive income for the three months ended March 31, 2016 and 2015, respectively. 3,526 4,353
Net gains on sale of loans held for sale 11,065 13,742
Income on bank owned life insurance 522 524
Other noninterest income 1,200 881
TOTAL NONINTEREST INCOME 29,578 30,663
NONINTEREST EXPENSES:    
Salaries and employee benefits 41,714 36,638
Occupancy 5,003 4,259
Furniture and equipment 2,113 2,106
Professional fees 7,010 6,044
FDIC insurance assessments 1,168 956
Advertising 1,284 1,181
Intangible assets amortization 1,895 631
Other real estate and loan collection expenses 572 465
Loss on sales/valuations of assets, net 313 353
Other noninterest expenses 9,237 6,981
TOTAL NONINTEREST EXPENSES 70,309 59,614
INCOME BEFORE INCOME TAXES 29,909 23,308
Income taxes (includes $1,212 and $1,413 of income tax expense reclassified from accumulated other comprehensive income for the three months ended March 31, 2016 and 2015, respectively. 9,900 7,599
NET INCOME 20,009 15,709
Preferred dividends (168) (204)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 19,841 $ 15,505
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.84 $ 0.77
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) 0.82 0.76
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.10 $ 0.10