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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Interest and fees on loans $ 45,034 $ 42,601
Interest and dividends on investments:    
Taxable interest 7,146 6,817
Interest exempt from federal income taxes 361 175
Dividends 806 1,489
Interest on bank deposits 6 3
Total interest income 53,353 51,085
Interest Expense    
Interest on deposits 1,589 2,150
Interest on short-term borrowings 2,235 958
Interest on subordinated debentures 634 569
Interest on other long-term debt 88 236
Total interest expense 4,546 3,913
Net Interest Income 48,807 47,172
Provision for credit losses 6,526 1,159
Net Interest Income after Provision for Credit Losses 42,281 46,013
Noninterest Income    
Net securities gains 0 105
Trust income 1,255 1,421
Service charges on deposit accounts 3,708 3,318
Insurance and retail brokerage commissions 1,959 2,195
Income from bank owned life insurance 1,296 1,354
Gain on sale of mortgage loans 683 439
Gain on sale of other loans and assets 195 224
Card-related interchange income 3,557 3,418
Derivatives mark to market expense (1,014) (230)
Other income 2,076 1,947
Total noninterest income 13,715 14,191
Noninterest Expense    
Salaries and employee benefits 21,677 21,892
Net occupancy expense 3,481 3,911
Furniture and equipment expense 2,867 2,680
Data processing expense 1,759 1,438
Pennsylvania shares tax expense 758 794
Intangible amortization 137 156
Collection and repossession expense 569 511
Other professional fees and services 791 930
FDIC insurance 1,038 1,059
Loss on sale or write-down of assets 96 262
Litigation and operational losses 244 1,000
Other operating expenses 4,727 5,221
Total noninterest expense 38,144 39,854
Income Before Income Taxes 17,852 20,350
Income tax provision 5,379 6,129
Net Income $ 12,473 $ 14,221
Average Shares Outstanding (in shares) 88,840,088 90,875,724
Average Shares Outstanding Assuming Dilution (in shares) 88,845,201 90,889,035
Per Share Data:    
Basic Earnings per Share (in dollars per share) $ 0.14 $ 0.16
Diluted Earnings per Share (in dollars per share) 0.14 0.16
Cash Dividends Declared per Common Share (in dollars per share) $ 0.07 $ 0.07