XML 27 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income      
Loans, including fees $ 663,037 $ 606,966 $ 526,706
Mortgage loans held for sale, including fees 6,564 6,164 5,153
Investment securities:      
Taxable interest 52,150 47,380 38,815
Tax-exempt interest 7,004 5,785 5,862
Amortization of FDIC loss share receivable (16,024) (23,500) (74,617)
Other 4,208 4,063 2,896
Total interest and dividend income 716,939 646,858 504,815
Deposits:      
NOW and MMDA 32,396 27,226 18,483
Savings 1,145 740 325
Time deposits 18,039 19,137 14,282
Short-term borrowings 2,453 797 1,364
Long-term debt 13,668 11,200 10,250
Total interest expense 67,701 59,100 44,704
Net interest income 649,238 587,758 460,111
Provision for loan losses 44,424 30,908 19,060
Net interest income after provision for loan losses 604,814 556,850 441,051
Non-interest Income      
Mortgage income 83,853 80,662 51,797
Service charges on deposit accounts 44,135 42,197 35,573
Title revenue 22,213 22,837 20,492
Broker commissions 15,338 17,592 18,783
ATM/debit card fee income 14,240 13,989 12,023
Credit card and merchant-related income 12,171 10,675 9,718
Income from bank owned life insurance 5,241 4,356 5,473
Gain on sale of available for sale securities 2,001 1,575 771
Other non-interest income 34,629 26,510 18,998
Total non-interest income 233,821 220,393 173,628
Non-interest Expense      
Salaries and employee benefits 331,686 322,586 259,086
Net occupancy and equipment 65,797 68,541 59,571
Communication and delivery 12,383 13,506 12,029
Marketing and business development 12,332 13,176 11,707
Data processing 25,091 34,424 27,249
Professional services 19,153 22,368 18,975
Credit and other loan related expense 10,937 16,653 13,692
Insurance 17,270 16,670 14,359
Loss on early termination of loss share agreements 17,798 0 0
Travel and entertainment 8,481 9,525 9,033
Other non-interest expense 45,737 52,856 47,913
Total non-interest expense 566,665 570,305 473,614
Income before income tax expense 271,970 206,938 141,065
Income tax expense 85,193 64,094 35,683
Net Income 186,777 142,844 105,382
Preferred stock dividends (7,977) 0 0
Net Income Available to Common Shareholders 178,800 142,844 105,382
Earnings Allocated to Unvested Restricted Stock (1,872) (1,680) (1,651)
Earnings Allocated to Common Shareholders $ 176,928 $ 141,164 $ 103,731
Earnings per common share - Basic (in usd per share) $ 4.32 $ 3.69 $ 3.31
Earnings per common share - Diluted (in usd per share) 4.30 3.68 3.30
Cash dividends declared per common share (in usd per share) $ 1.4 $ 1.36 $ 1.36
Comprehensive Income      
Net income $ 186,777 $ 142,844 $ 105,382
Unrealized gains (losses) on securities:      
Unrealized holding gains (losses) arising during the period (net of tax effects of $12,261, $4,374, and $13,202, respectively) (22,771) (8,124) 24,517
Reclassification adjustment for gains included in net income (net of tax effects of $700, $551 and $270, respectively) (1,301) (1,024) (501)
Unrealized gains (losses) on securities, net of tax (24,072) (9,148) 24,016
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 $231, $20 and $0, respectively) (428) 38 0
Reclassification adjustment for losses included in net income (net of tax effects of $27, $0 and $0, respectively) 50 0 0
Fair value of derivative instruments designated as cash flow hedges, net of tax (378) 38 0
Other comprehensive income (loss), net of tax (24,450) (9,110) 24,016
Comprehensive income $ 162,327 $ 133,734 $ 129,398