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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on loans $ 63,941 $ 54,913 $ 122,424 $ 103,213
Interest and dividends on investments:        
Taxable interest 8,076 7,364 15,132 14,358
Interest exempt from federal income taxes 411 405 821 802
Dividends 473 383 992 859
Interest on bank deposits 39 55 70 67
Total interest income 72,940 63,120 139,439 119,299
Interest Expense        
Interest on deposits 5,092 2,208 8,633 4,020
Interest on short-term borrowings 2,489 2,197 4,784 3,946
Interest on subordinated debentures 1,535 738 2,362 1,443
Interest on other long-term debt 75 81 152 164
Interest on lease obligations 74 79 148 79
Total interest expense 9,265 5,303 16,079 9,652
Net Interest Income 63,675 57,817 123,360 109,647
Provision for credit losses 1,168 (1,609) 8,071 1,620
Net Interest Income after Provision for Credit Losses 62,507 59,426 115,289 108,027
Noninterest Income        
Net securities gains 5,262 (49) 8,102 603
Fees and Commissions on Trust and Fiduciary Accounts 1,880 1,711 3,808 3,128
Fees and Commissions on Depositor Accounts 4,423 4,736 8,829 9,055
Fees and Commissions on Debit Cards 5,143 4,842 9,885 9,093
Insurance and retail brokerage commissions 1,820 2,442 3,688 4,524
Income from bank owned life insurance 2,168 1,449 3,662 2,741
Gain on sale of mortgage loans 1,241 1,315 2,725 2,292
Gain on sale of other loans and assets 2,331 457 2,905 764
Derivatives mark to market 0 (37) 789 (35)
Derivative Fee Income 297 314 587 241
Other income 1,743 1,724 3,371 3,430
Total noninterest income 26,308 18,904 48,351 35,836
Noninterest Expense        
Salaries and employee benefits 26,154 25,298 51,027 48,764
Net occupancy expense 4,222 4,121 8,591 7,882
Furniture and equipment expense 3,647 3,323 7,187 6,411
Data processing expense 2,478 2,345 4,911 4,430
Marketing and Advertising Expense 1,176 988 1,985 1,794
Pennsylvania shares tax expense 1,247 1,161 2,150 1,977
Intangible amortization 829 846 1,613 1,418
Collection and repossession expense 607 443 1,430 940
Other professional fees and services 1,031 1,096 2,038 2,055
FDIC insurance 597 977 1,373 1,770
Loss on sale or write-down of assets 497 1,220 694 1,319
Litigation and operational losses 197 277 376 509
Conversion Related Expenses 1,273 9,870 1,610 10,481
Total noninterest expense 49,129 58,263 96,002 101,028
Income Before Income Taxes 39,686 20,067 67,638 42,835
Income tax provision 7,605 6,054 12,287 12,934
Net Income $ 32,081 $ 14,013 $ 55,351 $ 29,901
Average Shares Outstanding (in shares) 99,305,009 97,183,599 98,374,244 93,079,546
Average Shares Outstanding Assuming Dilution (in shares) 99,504,409 97,232,288 98,529,160 93,125,939
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.32 $ 0.14 $ 0.56 $ 0.32
Diluted Earnings per Share (in dollars per share) 0.32 0.14 0.56 0.32
Cash Dividends Declared per Common Share (in dollars per share) $ 0.09 $ 0.08 $ 0.17 $ 0.16