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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Interest and fees on loans $ 42,650 $ 42,192 $ 85,251 $ 85,290
Interest and dividends on investments:        
Taxable interest 6,735 7,334 13,552 14,514
Interest exempt from federal income taxes 210 64 385 68
Dividends 553 574 2,042 796
Interest on bank deposits 2 2 5 4
Total interest income 50,150 50,166 101,235 100,672
Interest Expense        
Interest on deposits 1,880 3,416 4,030 6,923
Interest on short-term borrowings 1,116 477 2,074 946
Interest on subordinated debentures 579 571 1,148 1,137
Interest on other long-term debt 205 319 441 692
Total interest expense 3,780 4,783 7,693 9,698
Net Interest Income 46,370 45,383 93,542 90,974
Provision for credit losses 3,038 3,317 4,197 6,548
Net Interest Income after Provision for Credit Losses 43,332 42,066 89,345 84,426
Noninterest Income        
Net securities gains 20 2 125 2
Trust income 1,476 1,474 2,897 2,909
Service charges on deposit accounts 3,872 4,141 7,190 7,933
Insurance and retail brokerage commissions 2,178 1,600 4,373 2,995
Income from bank owned life insurance 1,378 1,432 2,732 2,801
Gain on sale of loans 627 76 1,066 76
Gain on sale of other assets 354 2,089 578 3,670
Card related interchange income 3,729 3,655 7,147 7,021
Other income 2,713 2,533 4,430 4,515
Total noninterest income 16,347 17,002 30,538 31,922
Noninterest Expense        
Salaries and employee benefits 22,001 21,897 43,893 42,941
Net occupancy expense 3,316 3,283 7,227 6,789
Furniture and equipment expense 2,630 5,249 5,310 10,579
Data processing expense 1,509 1,542 2,947 3,010
Pennsylvania shares tax expense 1,110 1,038 1,904 1,749
Intangible amortization 156 178 312 356
Collection and repossession expense 917 449 1,428 1,158
Other professional fees and services 945 691 1,875 1,715
FDIC insurance 1,025 1,051 2,084 2,100
Loss on sale or write-down of assets 1,635 745 1,897 1,180
Operational losses (recoveries) 323 229 1,323 (460)
Conversion related expenses 0 539 0 893
Other operating expenses 5,067 5,505 10,288 10,273
Total noninterest expense 40,634 42,396 80,488 82,283
Income Before Income Taxes 19,045 16,672 39,395 34,065
Income tax provision 5,598 4,744 11,727 9,837
Net Income $ 13,447 $ 11,928 $ 27,668 $ 24,228
Average Shares Outstanding (in shares) 88,922,392 93,794,589 89,893,662 94,166,936
Average Shares Outstanding Assuming Dilution (in shares) 88,939,003 93,811,543 89,903,550 94,177,831
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.15 $ 0.13 $ 0.31 $ 0.26
Diluted Earnings per Share (in dollars per share) 0.15 0.13 0.31 0.26
Cash Dividends Declared per Common Share (in dollars per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14