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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Loans receivable:      
Taxable $ 210,302 $ 180,805 $ 172,039
Tax-exempt 6,525 3,459 327
Investment securities:      
Taxable 16,415 17,885 19,882
Tax-exempt 18,622 16,922 14,383
Deposits with financial institutions 350 160 124
Federal Reserve and Federal Home Loan Bank stock 1,098 1,967 2,124
Total Interest Income 253,312 221,198 208,879
INTEREST EXPENSE      
Deposits 15,914 14,855 11,678
Federal funds purchased 102 74 177
Securities sold under repurchase agreements 374 368 529
Federal Home Loan Bank advances 3,264 2,836 2,842
Subordinated debentures, revolving credit lines and term loans 7,185 6,661 6,616
Total Interest Expense 26,839 24,794 21,842
NET INTEREST INCOME 226,473 196,404 187,037
Provision for loan losses 5,657 417 2,560
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 220,816 195,987 184,477
OTHER INCOME      
Service charges on deposit accounts 17,762 16,201 15,747
Fiduciary activities 9,818 9,196 8,966
Other customer fees 19,315 16,959 15,699
Commission income 4,147 7,411
Earnings on cash surrender value of life insurance 4,273 2,919 3,659
Net gains and fees on sales of loans 7,052 6,483 4,899
Net realized gains on sales of available for sale securities 3,389 2,670 3,581
Gain on sale of insurance subsidiary 8,265
Gain on cancellation of subordinated debentures 1,250
Other income 3,594 1,778 1,854
Total Other Income 65,203 69,868 61,816
OTHER EXPENSES      
Salaries and employee benefits 102,552 101,908 96,499
Net occupancy 16,997 14,668 13,831
Equipment 12,497 10,787 9,337
Marketing 3,008 3,493 3,464
Outside data processing fees 9,148 7,109 7,315
Printing and office supplies 1,348 1,353 1,565
Core deposit amortization 3,910 2,835 2,445
FDIC assessments 3,036 3,655 3,738
Other real estate owned and foreclosure expenses 2,877 3,956 3,462
Professional and other outside services 6,516 9,855 8,116
Other expenses 15,470 15,187 14,236
Total Other Expenses 177,359 174,806 164,008
INCOME BEFORE INCOME TAX 108,660 91,049 82,285
Income tax expense 27,609 25,665 22,123
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 81,051 $ 65,384 $ 60,162
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE:      
Basic (in dollars per share) $ 1.99 $ 1.73 $ 1.66
Diluted (in dollars per share) $ 1.98 $ 1.72 $ 1.65