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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Interest and fees on loans $ 73,389 $ 63,941 $ 143,810 $ 122,424
Interest and dividends on investments:        
Taxable interest 7,712 8,076 15,876 15,132
Interest exempt from federal income taxes 415 411 833 821
Dividends 495 473 1,032 992
Interest on bank deposits 46 39 100 70
Total interest income 82,057 72,940 161,651 139,439
Interest Expense        
Interest on deposits 9,277 5,092 17,452 8,633
Interest on short-term borrowings 3,017 2,489 6,455 4,784
Interest on subordinated debentures 2,343 1,535 4,697 2,362
Interest on other long-term debt 224 75 295 152
Interest on lease obligations 70 74 140 148
Total interest expense 14,931 9,265 29,039 16,079
Net Interest Income 67,126 63,675 132,612 123,360
Provision for credit losses 2,835 1,168 6,930 8,071
Net Interest Income after Provision for Credit Losses 64,291 62,507 125,682 115,289
Noninterest Income        
Net securities gains 6 5,262 6 8,102
Trust income 1,970 1,880 3,896 3,808
Service charges on deposit accounts 4,593 4,423 8,838 8,829
Insurance and retail brokerage commissions 2,014 1,820 3,975 3,688
Income from bank owned life insurance 1,442 2,168 2,868 3,662
Gain on sale of mortgage loans 2,074 1,241 3,502 2,725
Gain on sale of other loans and assets 1,777 2,331 2,861 2,905
Card-related interchange income 5,441 5,143 10,171 9,885
Derivatives mark to market (17) 0 (43) 789
Swap fee income 820 297 1,213 587
Other income 1,786 1,743 3,491 3,371
Total noninterest income 21,906 26,308 40,778 48,351
Noninterest Expense        
Salaries and employee benefits 27,311 26,154 54,531 51,027
Net occupancy expense 4,441 4,222 9,357 8,591
Furniture and equipment expense 3,824 3,647 7,492 7,187
Data processing expense 2,619 2,478 5,163 4,911
Advertising and promotion 1,231 1,176 2,471 1,985
Intangible amortization 1,260 1,247 2,176 2,150
Intangible amortization 745 829 1,499 1,613
Collection and repossession expense 460 607 1,007 1,430
Other professional fees and services 1,032 1,031 1,786 2,038
FDIC insurance 555 597 1,129 1,373
Loss on sale or write-down of assets 1,181 497 1,246 694
Litigation and operational losses 555 197 956 376
Merger and acquisition related 34 1,273 34 1,610
Other Noninterest Expense 6,981 5,174 13,112 11,017
Total noninterest expense 52,229 49,129 101,959 96,002
Income Before Income Taxes 33,968 39,686 64,501 67,638
Income tax provision 6,688 7,605 12,632 12,287
Net Income $ 27,280 $ 32,081 $ 51,869 $ 55,351
Average Shares Outstanding (in shares) 98,346,674 99,305,009 98,412,492 98,374,244
Average Shares Outstanding Assuming Dilution (in shares) 98,600,609 99,504,409 98,651,810 98,529,160
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.28 $ 0.32 $ 0.53 $ 0.56
Diluted Earnings per Share (in dollars per share) 0.28 0.32 0.53 0.56
Cash Dividends Declared per Common Share (in dollars per share) $ 0.10 $ 0.09 $ 0.20 $ 0.17