XML 61 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income        
Interest and fees on loans $ 52,343 $ 49,017 $ 152,289 $ 144,951
Interest on investment securities:        
Taxable 2,194 2,714 6,825 7,737
Tax-exempt 1,838 1,587 5,213 4,738
Dividends on nonmarketable equity securities 160 150 809 701
Interest on deposits with the Federal Reserve Bank 94 110 318 611
Total interest income 56,629 53,578 165,454 158,738
Interest Expense        
Interest on deposits 3,469 4,160 10,840 12,990
Interest on short-term borrowings 92 124 307 359
Interest on Federal Home Loan Bank (FHLB) advances 0 0 0 47
Total interest expense 3,561 4,284 11,147 13,396
Net Interest Income 53,068 49,294 154,307 145,342
Provision for loan losses 1,500 3,000 4,600 9,000
Net interest income after provision for loan losses 51,568 46,294 149,707 136,342
Noninterest Income        
Service charges and fees on deposit accounts 5,612 5,690 16,028 16,420
Wealth management revenue 3,730 3,369 11,319 10,693
Other charges and fees for customer services 4,686 4,272 13,562 13,226
Mortgage banking revenue 1,166 1,038 3,451 4,699
Gain on sale of investment securities 0 0 0 1,104
Other 157 275 508 689
Total noninterest income 15,351 14,644 44,868 46,831
Operating Expenses        
Salaries, wages and employee benefits 24,885 24,065 73,929 72,062
Occupancy 3,629 3,406 11,641 10,449
Equipment and software 3,772 3,354 11,025 10,251
Other 10,416 8,720 30,714 29,781
Total operating expenses 42,702 39,545 127,309 122,543
Income before income taxes 24,217 21,393 67,266 60,630
Federal income tax expense 7,450 6,400 20,450 18,200
Net Income $ 16,767 $ 14,993 $ 46,816 $ 42,430
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.51 $ 0.54 $ 1.52 $ 1.54
Diluted (in dollars per share) $ 0.51 $ 0.53 $ 1.51 $ 1.53
Cash Dividends Declared Per Common Share (dollars per share) $ 0.24 $ 0.22 $ 0.7 $ 0.64