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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Interest and fees on loans $ 46,657 $ 43,083 $ 137,389 $ 128,334
Interest and dividends on investments:        
Taxable interest 6,763 6,470 20,937 20,022
Interest exempt from federal income taxes 380 261 1,112 646
Dividends 671 685 2,225 2,727
Interest on bank deposits 8 2 19 7
Total interest income 54,479 50,501 161,682 151,736
Interest Expense        
Interest on deposits 2,125 1,757 5,642 5,787
Interest on short-term borrowings 1,987 1,279 6,322 3,353
Interest on subordinated debentures 663 588 1,941 1,736
Interest on other long-term debt 86 192 261 633
Total interest expense 4,861 3,816 14,166 11,509
Net Interest Income 49,618 46,685 147,516 140,227
Provision for credit losses 3,408 4,621 20,306 8,818
Net Interest Income after Provision for Credit Losses 46,210 42,064 127,210 131,409
Noninterest Income        
Net securities gains 0 0 28 125
Trust income 1,523 1,614 4,098 4,511
Service charges on deposit accounts 3,975 4,081 11,528 11,271
Insurance and retail brokerage commissions 2,104 2,163 6,048 6,536
Income from bank owned life insurance 1,350 1,357 3,957 4,089
Gain on sale of mortgage loans 1,235 832 2,850 1,856
Gain on sale of other loans and assets 387 808 1,048 1,428
Card-related interchange income 3,698 3,637 11,039 10,784
Derivatives mark to market 470 (783) (1,075) (420)
Derivative Fee Income 725 84 1,985 727
Other income 1,527 1,712 4,761 5,136
Total noninterest income 16,994 15,505 46,267 46,043
Noninterest Expense        
Salaries and employee benefits 20,647 22,446 62,212 66,339
Net occupancy expense 3,176 3,291 9,843 10,518
Furniture and equipment expense 2,847 2,670 8,596 7,980
Data processing expense 1,832 1,558 5,379 4,505
Marketing and Advertising Expense 750 789 1,940 1,946
Pennsylvania shares tax expense 914 1,713 2,764 3,617
Intangible amortization 67 157 318 469
Collection and repossession expense 760 801 1,803 2,229
Other professional fees and services 1,202 1,002 2,866 2,877
FDIC insurance 1,105 963 3,205 3,047
Loss on sale or write-down of assets 188 140 629 2,037
Litigation and operational losses 295 314 1,174 1,637
Conversion Related Expenses 118 28 358 28
Other operating expenses 4,795 4,385 13,163 13,516
Total noninterest expense 38,696 40,257 114,250 120,745
Income Before Income Taxes 24,508 17,312 59,227 56,707
Income tax provision 7,312 4,898 17,551 16,625
Net Income $ 17,196 $ 12,414 $ 41,676 $ 40,082
Average Shares Outstanding (in shares) 88,854,448 88,807,294 88,842,143 89,527,560
Average Shares Outstanding Assuming Dilution (in shares) 88,858,204 88,813,746 88,843,939 89,531,498
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.19 $ 0.14 $ 0.47 $ 0.45
Diluted Earnings per Share (in dollars per share) 0.19 0.14 0.47 0.45
Cash Dividends Declared per Common Share (in dollars per share) $ 0.07 $ 0.07 $ 0.21 $ 0.21