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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Loans, including fees $ 67,748 $ 64,424 $ 134,616 $ 127,823
Investment securities        
Taxable 12,598 10,706 24,206 22,079
Tax-exempt 1,457 1,156 2,810 2,318
Total interest on investment securities 14,055 11,862 27,016 24,397
Other earning assets (1,014) (1,103) (2,015) (2,242)
Total interest income 80,789 75,183 159,617 149,978
Interest expense        
Deposits 8,679 5,457 15,604 10,987
Short-term borrowings 2,051 1,053 3,483 2,223
Long-term borrowings 1,539 1,541 3,078 3,081
Total interest expense 12,269 8,051 22,165 16,291
Net interest income 68,520 67,132 137,452 133,687
Provision for loan and lease losses 467 4,037 834 5,692
Net interest income after provision for loan and lease losses 68,053 63,095 136,618 127,995
Noninterest income        
Service charges on deposit accounts 4,772 4,455 9,416 8,836
Trust and wealth management fees 3,405 3,283 7,152 6,723
Bankcard income 3,501 3,130 6,636 6,012
Client derivative fees 1,489 1,799 2,592 2,894
Net gains from sales of loans 1,327 1,846 2,543 3,027
Net gains (losses) on sales of investment securities 838 (188) 1,354 (164)
Other 2,122 5,869 5,125 8,378
Total noninterest income 17,454 20,194 34,818 35,706
Noninterest expenses        
Salaries and employee benefits 31,544 29,526 63,294 59,141
Net occupancy 4,302 4,491 8,817 9,448
Furniture and equipment 2,136 2,130 4,313 4,343
Data processing 3,501 2,765 6,799 5,483
Marketing 982 801 1,492 1,866
Communication 468 477 915 958
Professional services 1,469 1,299 3,227 3,112
State intangible tax 721 639 1,442 1,278
FDIC assessments 1,018 1,112 1,950 2,244
Loss (gain) - other real estate owned 162 43 186 (147)
Other 5,253 6,130 10,166 12,407
Total noninterest expenses 51,556 49,413 102,601 100,133
Income before income taxes 33,951 33,876 68,835 63,568
Income tax expense 11,215 11,308 21,685 21,186
Net income $ 22,736 $ 22,568 $ 47,150 $ 42,382
Earnings per common share        
Basic $ 0.37 $ 0.37 $ 0.77 $ 0.69
Diluted 0.37 0.36 0.76 0.68
Cash dividends declared per share $ 0.17 $ 0.16 $ 0.34 $ 0.32
Average common shares outstanding - basic 61,543,478 61,194,254 61,471,347 61,115,525
Average common shares outstanding - diluted 62,234,022 62,027,008 62,187,473 61,912,366