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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Loans and leases, including fees $ 188,310 $ 167,825 $ 372,054 $ 327,961
Investment securities:        
Taxable 15,935 13,885 31,370 27,083
Tax-exempt 3,271 2,933 6,550 5,898
Loans held for sale 350 284 590 500
Other interest income 2,168 1,243 4,170 2,415
Total Interest Income 210,034 186,170 414,734 363,857
INTEREST EXPENSE        
Deposits 32,548 19,284 62,237 35,734
Short-term borrowings 4,462 3,036 8,044 5,077
Federal Home Loan Bank advances and long-term debt 8,480 7,783 16,594 15,661
Total Interest Expense 45,490 30,103 86,875 56,472
Net Interest Income 164,544 156,067 327,859 307,385
Provision for credit losses 5,025 33,117 10,125 37,087
Net Interest Income After Provision for Credit Losses 159,519 122,950 317,734 270,298
NON-INTEREST INCOME        
Non-interest income before investment securities gains 54,139 49,090 100,825 94,946
Investment securities gains, net 176 4 241 23
Total Non-Interest Income 54,315 49,094 101,066 94,969
NON-INTEREST EXPENSE        
Salaries and employee benefits 78,991 74,919 156,748 150,687
Net occupancy expense 14,469 12,760 27,378 26,392
Data processing and software 11,268 10,453 21,621 20,926
Other outside services 11,259 7,568 19,611 15,692
Amortization of tax credit investments 1,492 1,637 2,983 3,274
Intangible amortization 107 0 214 0
Professional fees 2,970 2,372 6,930 7,188
Marketing 3,299 3,434 6,641 6,968
FDIC insurance expense 2,755 2,663 5,364 5,616
Taxes, Other 2,480 2,454 4,482 4,756
Marketing 2,863 2,335 5,023 4,585
Other 12,215 12,750 24,997 23,922
Total Non-Interest Expense 144,168 133,345 281,992 270,006
Income Before Income Taxes 69,666 38,699 136,808 95,261
Income taxes 9,887 3,502 20,366 10,584
Net Income $ 59,779 $ 35,197 $ 116,442 $ 84,677
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.36 $ 0.20 $ 0.69 $ 0.48
Net Income (Diluted) (in dollars per share) 0.35 0.20 0.68 0.48
Cash Dividends (in dollars per share) $ 0.13 $ 0.12 $ 0.26 $ 0.24
Investment management and trust services        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 14,153 $ 12,803 $ 27,392 $ 25,674
Other service charges and fees        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 18,442 16,431 33,205 30,388
Service charges on deposit accounts        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 12,367 11,931 23,744 23,340
Mortgage banking income        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 6,593 5,163 11,365 9,356
Other income        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 2,584 $ 2,762 $ 5,119 $ 6,188