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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Loans, including fees $ 155,152 $ 136,639 $ 446,158 $ 405,361
Investment securities:        
Taxable 11,423 10,874 34,811 34,036
Tax-exempt 2,920 2,550 8,625 6,910
Dividends 105 143 343 438
Loans held for sale 243 210 631 529
Other interest income 1,667 1,052 3,311 2,814
Total Interest Income 171,510 151,468 493,879 450,088
INTEREST EXPENSE        
Deposits 16,023 11,311 40,709 32,925
Short-term borrowings 578 254 2,407 739
Federal Home Loan Bank advances and other long-term debt 8,100 9,338 24,812 27,889
Total Interest Expense 24,701 20,903 67,928 61,553
Net Interest Income 146,809 130,565 425,951 388,535
Provision for credit losses 5,075 4,141 16,575 8,182
Net Interest Income After Provision for Credit Losses 141,734 126,424 409,376 380,353
NON-INTEREST INCOME        
Other service charges and fees 12,251 14,407 39,030 38,140
Service charges on deposit accounts 13,022 13,078 38,336 38,532
Investment management and trust services 12,157 11,425 36,097 33,660
Mortgage banking income 4,805 4,529 15,542 12,456
Investment securities gains, net 4,597 2 7,139 1,025
Other 5,142 4,708 14,874 13,610
Total Non-Interest Income 51,974 48,149 151,018 137,423
NON-INTEREST EXPENSE        
Salaries and employee benefits 72,894 70,696 216,626 210,097
Net occupancy expense 12,180 11,782 37,159 35,813
Data processing and software 10,301 8,727 28,334 27,477
Other outside services 6,582 5,783 19,836 17,347
Amortization of tax credit investments 3,503 0 7,652 0
Professional fees 3,388 2,535 9,056 8,221
Equipment expense 3,298 3,137 9,691 9,380
FDIC insurance expense 3,007 1,791 7,431 7,700
Marketing 2,089 1,774 6,309 5,314
Other 14,915 13,623 45,033 40,549
Total Non-Interest Expense 132,157 119,848 387,127 361,898
Income Before Income Taxes 61,551 54,725 173,267 155,878
Income taxes 12,646 13,257 35,515 36,403
Net Income $ 48,905 $ 41,468 $ 137,752 $ 119,475
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.28 $ 0.24 $ 0.79 $ 0.69
Net Income (Diluted) (in dollars per share) 0.28 0.24 0.78 0.69
Cash Dividends (in dollars per share) $ 0.11 $ 0.10 $ 0.33 $ 0.29