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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Interest and fees on loans $ 57,335 $ 46,657 $ 160,548 $ 137,389
Interest and dividends on investments:        
Taxable interest 7,219 6,763 21,577 20,937
Interest exempt from federal income taxes 410 380 1,212 1,112
Dividends 417 671 1,276 2,225
Interest on bank deposits 30 8 97 19
Total interest income 65,411 54,479 184,710 161,682
Interest Expense        
Interest on deposits 2,491 2,125 6,511 5,642
Interest on short-term borrowings 2,427 1,987 6,373 6,322
Interest on subordinated debentures 772 663 2,215 1,941
Interest on other long-term debt 81 86 245 261
Total interest expense 5,848 4,861 15,500 14,166
Net Interest Income 59,563 49,618 169,210 147,516
Provision for credit losses 1,214 3,408 2,834 20,306
Net Interest Income after Provision for Credit Losses 58,349 46,210 166,376 127,210
Noninterest Income        
Net securities gains 92 0 695 28
Trust income 2,147 1,523 5,275 4,098
Service charges on deposit accounts 4,803 3,975 13,858 11,528
Insurance and retail brokerage commissions 2,128 2,104 6,652 6,048
Income from bank owned life insurance 1,472 1,350 4,213 3,957
Gain on sale of mortgage loans 1,418 1,235 3,710 2,850
Gain on sale of other loans and assets 503 387 1,267 1,048
Card-related interchange income 4,780 3,698 13,873 11,039
Derivatives mark to market (14) 470 (49) (1,075)
Derivative Fee Income 217 725 458 1,985
Other income 2,244 1,527 5,674 4,761
Total noninterest income 19,790 16,994 55,626 46,267
Noninterest Expense        
Salaries and employee benefits 26,169 20,647 74,933 62,212
Net occupancy expense 3,715 3,176 11,597 9,843
Furniture and equipment expense 3,342 2,847 9,753 8,596
Data processing expense 2,229 1,832 6,659 5,379
Marketing and Advertising Expense 941 750 2,735 1,940
Pennsylvania shares tax expense 1,093 914 3,070 2,764
Intangible amortization 844 67 2,262 318
Collection and repossession expense 402 760 1,342 1,803
Other professional fees and services 1,300 1,202 3,355 2,866
FDIC insurance 696 1,105 2,466 3,205
Loss on sale or write-down of assets 167 188 1,486 629
Litigation and operational losses 598 295 1,107 1,174
Conversion Related Expenses (69) 118 10,412 358
Other operating expenses 5,934 4,795 17,212 13,163
Total noninterest expense 47,361 38,696 148,389 114,250
Income Before Income Taxes 30,778 24,508 73,613 59,227
Income tax provision 9,495 7,312 22,429 17,551
Net Income $ 21,283 $ 17,196 $ 51,184 $ 41,676
Average Shares Outstanding (in shares) 97,402,816 88,854,448 94,536,472 88,842,143
Average Shares Outstanding Assuming Dilution (in shares) 97,457,470 88,858,204 94,578,490 88,843,939
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.22 $ 0.19 $ 0.54 $ 0.47
Diluted Earnings per Share (in dollars per share) 0.22 0.19 0.54 0.47
Cash Dividends Declared per Common Share (in dollars per share) $ 0.08 $ 0.07 $ 0.24 $ 0.21
Interest Expense, Lessee, Assets under Capital Lease $ 77 $ 0 $ 156 $ 0