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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Interest and fees on loans $ 54,913 $ 45,698 $ 103,213 $ 90,732
Interest and dividends on investments:        
Taxable interest 7,364 7,028 14,358 14,174
Interest exempt from federal income taxes 405 371 802 732
Dividends 383 748 859 1,554
Interest on bank deposits 55 5 67 11
Total interest income 63,120 53,850 119,299 107,203
Interest Expense        
Interest on deposits 2,208 1,928 4,020 3,517
Interest on short-term borrowings 2,197 2,100 3,946 4,335
Interest on subordinated debentures 738 644 1,443 1,278
Interest on other long-term debt 81 87 164 175
Total interest expense 5,303 4,759 9,652 9,305
Net Interest Income 57,817 49,091 109,647 97,898
Provision for credit losses (1,609) 10,372 1,620 16,898
Net Interest Income after Provision for Credit Losses 59,426 38,719 108,027 81,000
Noninterest Income        
Net securities gains (49) 28 603 28
Trust income 1,711 1,320 3,128 2,575
Service charges on deposit accounts 4,736 3,845 9,055 7,553
Insurance and retail brokerage commissions 2,442 1,985 4,524 3,944
Income from bank owned life insurance 1,449 1,311 2,741 2,607
Gain on sale of mortgage loans 1,315 932 2,292 1,615
Gain on sale of other loans and assets 457 466 764 661
Card-related interchange income 4,842 3,784 9,093 7,341
Derivatives mark to market (37) (531) (35) (1,545)
Derivative Fee Income 314 800 241 1,260
Other income 1,724 1,618 3,430 3,234
Total noninterest income 18,904 15,558 35,836 29,273
Noninterest Expense        
Salaries and employee benefits 25,298 19,888 48,764 41,565
Net occupancy expense 4,121 3,186 7,882 6,667
Furniture and equipment expense 3,323 2,882 6,411 5,749
Data processing expense 2,345 1,788 4,430 3,547
Marketing and Advertising Expense 988 664 1,794 1,190
Pennsylvania shares tax expense 1,161 1,092 1,977 1,850
Intangible amortization 846 114 1,418 251
Collection and repossession expense 443 474 940 1,043
Other professional fees and services 1,096 873 2,055 1,664
FDIC insurance 977 1,062 1,770 2,100
Loss on sale or write-down of assets 1,220 345 1,319 441
Litigation and operational losses 277 635 509 879
Conversion Related Expenses 9,870 240 10,481 240
Other operating expenses 6,298 4,167 11,278 8,368
Total noninterest expense 58,263 37,410 101,028 75,554
Income Before Income Taxes 20,067 16,867 42,835 34,719
Income tax provision 6,054 4,860 12,934 10,239
Net Income $ 14,013 $ 12,007 $ 29,901 $ 24,480
Average Shares Outstanding (in shares) 97,183,599 88,831,758 93,079,546 88,835,923
Average Shares Outstanding Assuming Dilution (in shares) 97,232,288 88,838,614 93,125,939 88,840,683
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.14 $ 0.14 $ 0.32 $ 0.28
Diluted Earnings per Share (in dollars per share) 0.14 0.14 0.32 0.28
Cash Dividends Declared per Common Share (in dollars per share) $ 0.08 $ 0.07 $ 0.16 $ 0.14
Interest Expense, Lessee, Assets under Capital Lease $ 79 $ 0 $ 79 $ 0