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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest Income        
Interest and fees on loans $ 66,105 $ 57,335 $ 188,529 $ 160,548
Interest and dividends on investments:        
Taxable interest 7,899 7,219 23,031 21,577
Interest exempt from federal income taxes 410 410 1,231 1,212
Dividends 420 417 1,412 1,276
Interest on bank deposits 39 30 109 97
Total interest income 74,873 65,411 214,312 184,710
Interest Expense        
Interest on deposits 6,006 2,491 14,639 6,511
Interest on short-term borrowings 2,603 2,427 7,387 6,373
Interest on subordinated debentures 2,302 772 4,664 2,215
Interest on other long-term debt 76 81 228 245
Interest on lease obligations 73 77 221 156
Total interest expense 11,060 5,848 27,139 15,500
Net Interest Income 63,813 59,563 187,173 169,210
Provision for credit losses 2,961 1,214 11,032 2,834
Net Interest Income after Provision for Credit Losses 60,852 58,349 176,141 166,376
Noninterest Income        
Net securities gains 0 92 8,102 695
Fees and Commissions on Trust and Fiduciary Accounts 2,206 2,147 6,014 5,275
Fees and Commissions on Depositor Accounts 4,589 4,803 13,418 13,858
Fees and Commissions on Debit Cards 5,044 4,780 14,929 13,873
Insurance and retail brokerage commissions 1,872 2,128 5,560 6,652
Income from bank owned life insurance 1,579 1,472 5,241 4,213
Gain on sale of mortgage loans 1,542 1,418 4,267 3,710
Gain on sale of other loans and assets 643 503 3,548 1,267
Derivatives mark to market 0 (14) 789 (49)
Derivative Fee Income 528 217 1,115 458
Other income 1,754 2,244 5,125 5,674
Total noninterest income 19,757 19,790 68,108 55,626
Noninterest Expense        
Salaries and employee benefits 26,553 26,169 77,580 74,933
Net occupancy expense 4,341 3,715 12,932 11,597
Furniture and equipment expense 3,424 3,342 10,611 9,753
Data processing expense 2,853 2,229 7,764 6,659
Marketing and Advertising Expense 1,200 941 3,185 2,735
Pennsylvania shares tax expense 1,248 1,093 3,398 3,070
Intangible amortization 817 844 2,430 2,262
Collection and repossession expense 630 402 2,060 1,342
Other professional fees and services 962 1,300 3,000 3,355
FDIC insurance 217 696 1,590 2,466
Loss on sale or write-down of assets 181 167 875 1,486
Litigation and operational losses 435 598 811 1,107
Conversion Related Expenses 24 (69) 1,634 10,412
Total noninterest expense 49,530 47,361 145,532 148,389
Income Before Income Taxes 31,079 30,778 98,717 73,613
Income tax provision 5,930 9,495 18,217 22,429
Net Income $ 25,149 $ 21,283 $ 80,500 $ 51,184
Average Shares Outstanding (in shares) 100,226,647 97,402,816 98,998,497 94,536,472
Average Shares Outstanding Assuming Dilution (in shares) 100,490,812 97,457,470 99,197,568 94,578,490
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.25 $ 0.22 $ 0.81 $ 0.54
Diluted Earnings per Share (in dollars per share) 0.25 0.22 0.81 0.54
Cash Dividends Declared per Common Share (in dollars per share) $ 0.09 $ 0.08 $ 0.26 $ 0.24