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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Interest and fees on loans $ 185,344 $ 172,819 $ 171,196
Interest and dividends on investments:      
Taxable interest 27,919 26,807 28,767
Interest exempt from federal income taxes 1,498 997 311
Dividends 2,826 3,434 1,895
Interest on bank deposits 27 14 12
Total interest income 217,614 204,071 202,181
Interest Expense      
Interest on deposits 7,523 7,474 12,453
Interest on short-term borrowings 8,076 5,018 2,449
Interest on subordinated debentures 2,635 2,329 2,292
Interest on other long-term debt 345 774 1,307
Total interest expense 18,579 15,595 18,501
Net Interest Income 199,035 188,476 183,680
Provision for credit losses 18,480 14,948 11,196
Net Interest Income after Provision for Credit Losses 180,555 173,528 172,484
Noninterest Income      
Net securities gains (losses) 617 (153) 550
Trust income 5,366 5,834 6,000
Service charges on deposit accounts 15,869 15,319 15,661
Insurance and retail brokerage commissions 7,964 8,522 6,483
Income from bank owned life insurance 5,381 5,412 5,502
Gain on sale of mortgage loans 4,086 2,421 440
Card related interchange income 14,955 14,501 14,222
Derivative, Gain (Loss) on Derivative, Net 219 (274) (345)
Swap Fee Income 2,359 847 511
Other income 6,372 7,041 7,279
Total noninterest income 64,599 61,325 60,859
Noninterest Expense      
Salaries and employee benefits 87,125 89,161 87,223
Net occupancy 13,150 13,712 13,119
Furniture and equipment 11,624 10,737 17,812
Data processing 7,429 6,123 6,124
Advertising and promotion 2,601 2,638 2,953
Pennsylvania shares tax 3,825 4,693 3,776
Intangible amortization 547 605 631
Collection and repossession 2,250 2,826 2,754
Other professional fees and services 3,915 4,034 3,986
FDIC insurance 3,903 4,014 4,054
Gain (Loss) on Sale of Assets and Asset Impairment Charges 1,155 3,112 1,595
Loss on sale or write-down of assets (1,411) (1,855) (4,556)
Litigation and operational losses 1,420 2,119 6,786
Conversion related 0 0 1,788
Merger and acquisition related 3,173 922 0
Other operating expenses 17,808 19,178 18,609
Total noninterest expense 159,925 163,874 171,210
Income before income taxes 85,229 70,979 62,133
Income tax provision 25,639 20,836 17,680
Net Income $ 59,590 $ 50,143 $ 44,453
Average Shares Outstanding (in shares) 88,851,573 89,356,767 93,114,654
Average Shares Outstanding Assuming Dilution (in shares) 88,851,573 89,356,767 93,114,654
Per Share Data:      
Basic Earnings Per Share (in dollars per share) $ 0.67 $ 0.56 $ 0.48
Diluted Earnings Per Share (in dollars per share) 0.67 0.56 0.48
Cash Dividends Declared per Common Share (in dollars per share) $ 0.28 $ 0.28 $ 0.28