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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME:        
Interest and fees on loans $ 41,311 $ 39,942 $ 80,894 $ 80,289
Interest on investment securities:        
Taxable 8,343 7,130 15,774 14,392
Exempt from federal income tax 11,408 10,745 22,900 21,411
Interest on federal funds sold and interest-bearing deposits in banks 120 64 397 124
Total interest income 61,182 57,881 119,965 116,216
INTEREST EXPENSE:        
Interest on deposits 1,930 1,033 3,520 2,086
Other 167 297 340 556
Total interest expense 2,097 1,330 3,860 2,642
Net interest income 59,085 56,551 116,105 113,574
PROVISION FOR LOAN LOSSES 1,725 2,058 3,675 4,386
Net interest income after provision for loan losses 57,360 54,493 112,430 109,188
NONINTEREST INCOME:        
Trust fees 5,747 4,726 11,764 9,380
Service charges on deposit accounts 4,883 4,404 9,433 8,818
ATM, interchange and credit card fees 6,598 5,840 12,762 11,521
Real estate mortgage operations 4,188 4,013 7,605 7,153
Net gain on sale of available-for-sale securities (includes $747 and $912 for the three months ended June 30, 2017 and 2016, respectively, and $750 and $914 for the six months ended June 30, 2017 and 2016, respectively, related to accumulated other comprehensive earnings reclassifications) 747 912 750 914
Net gain (loss) on sale of foreclosed assets (72) 278 (31) 353
Net gain (loss) on sale of assets (200) (74) (196) 439
Interest on loan recoveries 337 629 491 1,261
Other 942 710 1,877 1,419
Total noninterest income 23,170 21,438 44,455 41,258
NONINTEREST EXPENSE:        
Salaries and employee benefits 23,465 22,147 46,724 44,737
Net occupancy expense 2,771 2,583 5,370 5,214
Equipment expense 3,665 3,386 7,102 6,766
FDIC insurance premiums 550 818 1,097 1,642
ATM, interchange and credit card expenses 1,803 1,806 3,516 3,492
Professional and service fees 2,025 1,650 3,842 3,215
Printing, stationery and supplies 536 464 974 967
Operational and other losses 574 433 1,559 920
Amortization of intangible assets 165 199 333 398
Other 8,221 7,270 15,409 14,485
Total noninterest expense 43,775 40,756 85,926 81,836
EARNINGS BEFORE INCOME TAXES 36,755 35,175 70,959 68,610
INCOME TAX EXPENSE (includes $261 and $319 for the three months ended June 30, 2017 and 2016, respectively, and $263 and $320 for the six months ended June 30, 2017 and 2016, respectively, related to income tax expense from reclassification items) 8,500 8,366 16,105 16,105
NET EARNINGS $ 28,255 $ 26,809 $ 54,854 $ 52,505
EARNINGS PER SHARE, BASIC $ 0.43 $ 0.41 $ 0.83 $ 0.80
EARNINGS PER SHARE, ASSUMING DILUTION 0.43 0.41 0.83 0.79
DIVIDENDS PER SHARE $ 0.19 $ 0.18 $ 0.37 $ 0.34