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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and Dividend Income    
Loans, including fees $ 163,991 $ 130,191
Mortgage loans held for sale, including fees 1,401 1,515
Investment securities:    
Taxable interest 13,548 10,792
Tax-exempt interest 1,664 1,305
Amortization of FDIC loss share receivable (4,386) (6,013)
Other 718 795
Total interest and dividend income 176,936 138,585
Deposits:    
NOW and MMDA 7,358 4,842
Savings 222 85
Time deposits 4,354 4,411
Short-term borrowings 485 363
Long-term debt 3,114 3,080
Total interest expense 15,533 12,781
Net interest income 161,403 125,804
Provision for loan losses 14,905 5,345
Net interest income after provision for loan losses 146,498 120,459
Non-interest Income    
Mortgage income 20,347 18,023
Service charges on deposit accounts 10,951 9,262
Title revenue 4,745 4,629
ATM/debit card fee income 3,503 3,275
Income from bank owned life insurance 1,202 1,092
Gain on sale of available for sale securities 196 386
Broker commissions 3,823 4,162
Other non-interest income 11,078 8,070
Total non-interest income 55,845 48,899
Non-interest Expense    
Salaries and employee benefits 80,742 72,696
Net occupancy and equipment 16,907 16,260
Communication and delivery 3,059 3,166
Marketing and business development 3,502 3,556
Data processing 5,918 9,761
Professional services 3,780 6,866
Credit and other loan related expense 2,671 4,183
Insurance 4,184 3,550
Travel and entertainment 2,383 2,515
Other non-interest expense 14,306 10,600
Total non-interest expense 137,452 133,153
Income before income tax expense 64,891 36,205
Income tax expense 22,122 11,079
Net Income 42,769 25,126
Preferred stock dividends 2,576 0
Income Available to Common Shareholders - Basic 40,193 25,126
Earnings Allocated to Unvested Restricted Stock (460) (324)
Earnings Allocated to Common Shareholders - Basic $ 39,733 $ 24,802
Earnings per common share - Basic (in usd per share) $ 0.98 $ 0.75
Earnings per common share - Diluted (in usd per share) 0.97 0.75
Cash dividends declared per share (in usd per share) $ 0.34 $ 0.34
Comprehensive Income    
Net Income $ 42,769 $ 25,126
Unrealized gains (losses) on securities:    
Unrealized holding gains (losses) arising during the period (net of tax effects of $13,702 and $5,408, respectively) 25,447 10,043
Reclassification adjustment for gains included in net income (net of tax effects of $69 and $135, respectively) (127) (251)
Unrealized gains (losses) on securities, net of tax 25,320 9,792
Fair value of derivative instruments designated as cash flow hedges:    
Change in fair value of derivative instruments designated as cash flow hedges during the period (net of tax effects of $2,223 and $0, respectively) (4,127) 0
Reclassification adjustment for losses included in net income 0 0
Fair value of derivative instruments designated as cash flow hedges, net of tax (4,127) 0
Other comprehensive income, net of tax 21,193 9,792
Comprehensive Income $ 63,962 $ 34,918