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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME:        
Interest and fees on loans $ 40,411 $ 39,368 $ 120,700 $ 110,464
Interest on investment securities:        
Taxable 6,775 7,298 21,167 22,502
Exempt from federal income tax 10,808 10,457 32,220 29,439
Interest on federal funds sold and interest-bearing deposits in banks 99 40 222 171
Total interest income 58,093 57,163 174,309 162,576
INTEREST EXPENSE:        
Interest on deposits 1,112 932 3,197 2,761
Other 254 133 811 281
Total interest expense 1,366 1,065 4,008 3,042
Net interest income 56,727 56,098 170,301 159,534
PROVISION FOR LOAN LOSSES 3,833 2,664 8,219 5,508
Net interest income after provision for loan losses 52,894 53,434 162,082 154,026
NONINTEREST INCOME:        
Trust fees 5,066 4,818 14,446 14,289
Service charges on deposit accounts 4,796 4,653 13,614 12,442
ATM, interchange and credit card fees 6,000 5,794 17,521 16,209
Real estate mortgage operations 4,697 3,742 11,849 7,321
Net gain on sale of available-for-sale securities (includes $239 and $136 for the three months ended September 30, 2016 and 2015, respectively, and $1,153 and $380 for the nine months ended September 30, 2016 and 2015, respectively, related to accumulated other comprehensive earnings reclassifications) 239 136 1,153 380
Net gain (loss) on sale of foreclosed assets (10) 28 343 10
Net gain (loss) on sale of assets (168) (11) 271 (11)
Interest on loan recoveries 709 323 1,970 834
Other 823 963 2,243 2,678
Total noninterest income 22,152 20,446 63,410 54,152
NONINTEREST EXPENSE:        
Salaries and employee benefits 22,931 21,648 67,668 59,086
Net occupancy expense 2,672 3,050 7,886 7,640
Equipment expense 3,420 3,114 10,186 9,005
FDIC insurance premiums 513 819 2,155 2,316
ATM, interchange and credit card expenses 1,859 1,509 5,352 4,844
Professional and service fees 1,883 1,148 5,099 3,370
Printing, stationery and supplies 536 594 1,504 1,662
Amortization of intangible assets 172 200 570 362
Other 8,017 7,891 23,420 20,837
Total noninterest expense 42,003 39,973 123,840 109,122
EARNINGS BEFORE INCOME TAXES 33,043 33,907 101,652 99,056
INCOME TAX EXPENSE (includes $84 and $48 for the three months ended September 30, 2016 and 2015, respectively, and $404 and $133 for the nine months ended September 30, 2016 and 2015, respectively, related to income tax expense from reclassification items) 7,440 8,021 23,544 23,867
NET EARNINGS $ 25,603 $ 25,886 $ 78,108 $ 75,189
EARNINGS PER SHARE, BASIC $ 0.39 $ 0.40 $ 1.18 $ 1.16
EARNINGS PER SHARE, ASSUMING DILUTION 0.39 0.40 1.18 1.16
DIVIDENDS PER SHARE $ 0.18 $ 0.16 $ 0.52 $ 0.46