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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and fees on loans $ 70,421 $ 58,483
Interest and dividends on investments:    
Taxable interest 8,164 7,056
Interest exempt from federal income taxes 418 410
Dividends 537 519
Interest on bank deposits 54 31
Total interest income 79,594 66,499
Interest Expense    
Interest on deposits 8,175 3,541
Interest on short-term borrowings 3,438 2,295
Interest on subordinated debentures 2,354 827
Interest on other long-term debt 71 77
Interest on lease obligations 70 74
Total interest expense 14,108 6,814
Net Interest Income 65,486 59,685
Provision for credit losses 4,095 6,903
Net Interest Income after Provision for Credit Losses 61,391 52,782
Noninterest Income    
Net securities gains 0 2,840
Trust income 1,926 1,928
Service charges on deposit accounts 4,245 4,406
Insurance and retail brokerage commissions 1,961 1,868
Income from bank owned life insurance 1,426 1,494
Gain on sale of mortgage loans 1,428 1,484
Gain on sale of other loans and assets 1,084 574
Card-related interchange income 4,730 4,742
Derivatives mark to market (26) 789
Swap fee income 393 290
Other income 1,705 1,628
Total noninterest income 18,872 22,043
Noninterest Expense    
Salaries and employee benefits 27,220 24,873
Net occupancy expense 4,916 4,369
Furniture and equipment expense 3,668 3,540
Data processing expense 2,544 2,433
Marketing and Advertising Expense 1,240 809
Pennsylvania shares tax expense 916 903
Intangible amortization 754 784
Collection and repossession expense 547 823
Other professional fees and services 754 1,007
FDIC insurance 574 776
Loss on sale or write-down of assets 65 197
Litigation and operational losses 401 179
Merger and acquisition related 0 337
Other Noninterest Expense 6,131 5,843
Total noninterest expense 49,730 46,873
Income Before Income Taxes 30,533 27,952
Income tax provision 5,944 4,682
Net Income $ 24,589 $ 23,270
Average Shares Outstanding (in shares) 98,479,041 97,433,137
Average Shares Outstanding Assuming Dilution (in shares) 98,706,827 97,601,162
Per Share Data:    
Basic Earnings per Share (in dollars per share) $ 0.25 $ 0.24
Diluted Earnings per Share (in dollars per share) 0.25 0.24
Cash Dividends Declared per Common Share (in dollars per share) $ 0.1 $ 0.08