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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Loans receivable:      
Taxable $ 180,805 $ 172,039 $ 142,752
Tax-exempt 3,459 327 393
Investment securities:      
Taxable 17,885 19,882 15,214
Tax-exempt 16,922 14,383 10,829
Deposits with financial institutions 160 124 158
Federal Reserve and Federal Home Loan Bank stock 1,967 2,124 1,488
Total Interest Income 221,198 208,879 170,834
INTEREST EXPENSE      
Deposits 14,855 11,678 10,053
Federal funds purchased 74 177 102
Securities sold under repurchase agreements 368 529 787
Federal Home Loan Bank advances 2,836 2,842 2,096
Subordinated debentures, revolving credit lines and term loans 6,661 6,616 3,531
Total Interest Expense 24,794 21,842 16,569
NET INTEREST INCOME 196,404 187,037 154,265
Provision for loan losses 417 2,560 6,648
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 195,987 184,477 147,617
OTHER INCOME      
Service charges on deposit accounts 16,201 15,747 12,400
Fiduciary activities 9,196 8,966 8,594
Other customer fees 16,959 15,699 11,866
Commission income 4,147 7,411 7,141
Earnings on cash surrender value of life insurance 2,919 3,659 2,613
Net gains and fees on sales of loans 6,483 4,899 7,511
Net realized gains on sales of available for sale securities 2,670 $ 3,581 $ 487
Gain on sale of insurance subsidiary 8,265
Gain on cancellation of subordinated debentures 1,250
Other income 4,441 $ 6,438 $ 5,404
Total Other Income 72,531 66,400 56,016
OTHER EXPENSES      
Salaries and employee benefits 101,908 96,499 85,413
Net occupancy 14,668 13,831 10,291
Equipment 10,787 9,337 7,737
Marketing 3,493 3,464 2,236
Outside data processing fees 7,109 7,315 5,591
Printing and office supplies 1,353 1,565 1,340
Core deposit amortization 2,835 2,445 1,649
FDIC assessments 3,655 3,738 2,862
Other real estate owned and foreclosure expenses 6,137 8,043 6,661
Professional and other outside services 9,855 8,116 8,297
Other expenses 15,669 14,239 11,142
Total Other Expenses 177,469 168,592 143,219
INCOME BEFORE INCOME TAX 91,049 82,285 60,414
Income tax expense 25,665 22,123 15,884
NET INCOME $ 65,384 $ 60,162 44,530
Preferred stock dividends (2,380)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 65,384 $ 60,162 $ 42,150
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE:      
Basic (in dollars per share) $ 1.73 $ 1.66 $ 1.42
Diluted (in dollars per share) $ 1.72 $ 1.65 $ 1.41