XML 28 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
INTEREST INCOME:      
Loans, including fees $ 133,958 $ 123,360 $ 124,843
Taxable investment securities 7,046 7,481 8,067
Federal Home Loan Bank stock and other 1,428 1,536 1,658
Total interest income 142,432 132,377 134,568
INTEREST EXPENSE:      
Deposits 4,380 3,905 4,093
Securities sold under agreements to repurchase and other short-term borrowings 92 112 70
Federal Home Loan Bank advances 11,934 13,072 14,715
Subordinated note 2,056 2,515 2,515
Total interest expense 18,462 19,604 21,393
NET INTEREST INCOME 123,970 112,773 113,175
Provision for loan and lease losses 5,396 2,859 2,983
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 118,574 109,914 110,192
NON-INTEREST INCOME:      
Service charges on deposit accounts 13,015 13,807 13,954
Net refund transfer fees 17,388 16,130 13,884
Mortgage banking income 4,411 2,862 7,258
Interchange fee income 8,353 7,017 6,927
Bargain purchase gain     1,324
Gain on call of securities available for sale 88    
Net gain (loss) on other real estate owned (301) (2,218) 346
Increase in cash surrender value of bank owned life insurance 1,402 1,329 86
Other 3,638 3,592 2,451
Total non-interest income 47,994 42,519 46,230
NON-INTEREST EXPENSES:      
Salaries and employee benefits 58,091 54,373 57,778
Occupancy and equipment, net 20,689 22,008 21,918
Communication and transportation 3,752 3,866 4,128
Marketing and development 3,161 3,264 3,106
FDIC insurance expense 2,084 1,865 1,682
Bank franchise tax expense 4,734 4,616 4,115
Data processing 4,340 3,513 3,120
Interchange related expense 3,873 3,450 3,063
Supplies 1,101 1,009 1,157
Other real estate owned expense 735 1,024 1,948
Legal and professional fees 3,306 2,766 5,955
Other 7,458 6,364 7,954
Total non-interest expenses 113,324 108,118 115,924
INCOME BEFORE INCOME TAX EXPENSE 53,244 44,315 40,498
INCOME TAX EXPENSE 18,078 15,528 15,075
NET INCOME $ 35,166 $ 28,787 $ 25,423
Class A Common Stock      
BASIC EARNINGS PER SHARE:      
Basic earnings per share (in dollars per share) $ 1.70 $ 1.39 $ 1.23
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share (in dollars per share) 1.70 1.38 1.22
DIVIDENDS DECLARED PER COMMON SHARE:      
Dividend declared per common share (in dollars per share) 0.781 0.737 0.693
Class B Common Stock      
BASIC EARNINGS PER SHARE:      
Basic earnings per share (in dollars per share) 1.55 1.32 1.17
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share (in dollars per share) 1.54 1.32 1.16
DIVIDENDS DECLARED PER COMMON SHARE:      
Dividend declared per common share (in dollars per share) $ 0.710 $ 0.670 $ 0.630