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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Loans, including fees $ 64,424 $ 54,586 $ 127,823 $ 109,050
Investment securities        
Taxable 10,706 9,281 22,079 18,889
Tax-exempt 1,156 1,139 2,318 2,256
Total interest on investment securities 11,862 10,420 24,397 21,145
Other earning assets (1,103) (1,162) (2,242) (2,343)
Total interest income 75,183 63,844 149,978 127,852
Interest expense        
Deposits 5,457 4,621 10,987 9,441
Short-term borrowings 1,053 253 2,223 556
Long-term borrowings 1,541 296 3,081 595
Total interest expense 8,051 5,170 16,291 10,592
Net interest income 67,132 58,674 133,687 117,260
Provision for loan and lease losses 4,037 3,070 5,692 5,130
Net interest income after provision for loan and lease losses 63,095 55,604 127,995 112,130
Noninterest income        
Service charges on deposit accounts 4,455 4,803 8,836 9,326
Trust and wealth management fees 3,283 3,274 6,723 6,908
Bankcard income 3,130 2,972 6,012 5,592
Client derivative fees 1,799 878 2,894 1,840
Net gains from sales of loans 1,846 1,924 3,027 3,388
Net gains on sales of investment securities (188) 1,094 (164) 1,094
FDIC loss sharing income 59 (304) (506) (1,350)
Accelerated discount on covered/formerly covered loans 1,191 4,094 2,162 6,186
Other 4,619 2,680 6,722 6,044
Total noninterest income 20,194 21,415 35,706 39,028
Noninterest expenses        
Salaries and employee benefits 29,526 27,451 59,141 54,392
Net occupancy 4,491 4,380 9,448 9,385
Furniture and equipment 2,130 2,219 4,343 4,372
Data processing 2,765 2,657 5,483 5,429
Marketing 801 973 1,866 1,861
Communication 477 558 958 1,128
Professional services 1,299 1,727 3,112 3,697
State intangible tax 639 577 1,278 1,154
FDIC assessments 1,112 1,114 2,244 2,204
Loss (gain) - other real estate owned 43 419 (147) 893
Loss sharing expense (12) 576 285 877
Other 6,142 6,135 12,122 11,462
Total noninterest expenses 49,413 48,786 100,133 96,854
Income before income taxes 33,876 28,233 63,568 54,304
Income tax expense 11,308 9,284 21,186 17,734
Net income $ 22,568 $ 18,949 $ 42,382 $ 36,570
Earnings per common share        
Basic $ 0.37 $ 0.31 $ 0.69 $ 0.60
Diluted 0.36 0.31 0.68 0.59
Cash dividends declared per share $ 0.16 $ 0.16 $ 0.32 $ 0.32
Average common shares outstanding - basic 61,194,254 61,115,802 61,115,525 61,064,928
Average common shares outstanding - diluted 62,027,008 61,915,294 61,912,366 61,824,106