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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Interest and fees on loans $ 291,889 $ 257,316 $ 218,530
Interest and dividends on investments:      
Taxable interest 29,773 31,264 28,608
Interest exempt from federal income taxes 1,591 1,646 1,622
Dividends 1,608 1,859 1,669
Interest on bank deposits 403 172 121
Total interest income 325,264 292,257 250,550
Interest Expense      
Interest on deposits 36,725 21,713 9,415
Interest on short-term borrowings 8,298 10,741 8,799
Interest on subordinated debentures 9,084 6,987 3,000
Interest on other long-term debt 1,016 300 323
Interest Expense, Lessee, Assets under Capital Lease 279 294 233
Total interest expense 55,402 40,035 21,770
Net Interest Income 269,862 252,222 228,780
Provision for credit losses 14,533 12,531 5,087
Net Interest Income after Provision for Credit Losses 255,329 239,691 223,693
Noninterest Income      
Net securities gains 22 8,102 5,040
Trust income 8,321 7,901 7,098
Service charges on deposit accounts 18,926 18,175 18,579
Insurance and retail brokerage commissions 7,583 7,426 8,807
Income from bank owned life insurance 6,002 6,686 5,699
Gain on sale of mortgage loans 7,765 5,436 5,366
Gain on sale of other loans and assets (4,793) (5,273) (1,753)
Card related interchange income 21,677 20,187 18,780
Derivative, Gain (Loss) on Derivative, Net (269) 787 (473)
Swap Fee Income 3,397 1,874 2,005
Other income 7,268 6,790 7,677
Total noninterest income 85,485 88,637 80,331
Noninterest Expense      
Salaries and employee benefits 112,237 105,115 103,714
Net occupancy 18,923 17,219 15,648
Furniture and equipment 15,160 14,247 13,508
Data processing 10,692 10,470 9,090
Advertising and promotion 4,250 3,956 3,786
Pennsylvania shares tax 4,602 4,875 4,209
Intangible amortization 3,344 3,217 3,081
Collection and repossession 2,204 2,762 1,905
Other professional fees and services 4,631 4,473 4,761
FDIC insurance 1,219 2,007 3,210
Asset Impairment Charges 1,724 1,080 1,834
Litigation and operational losses 1,687 1,162 2,050
Merger and acquisition related 3,536 1,637 10,213
Other operating expenses 25,756 23,336 23,289
Total noninterest expense 209,965 195,556 200,298
Income before income taxes 130,849 132,772 103,726
Income tax provision 25,516 25,274 48,561
Net Income $ 105,333 $ 107,498 $ 55,165
Average Shares Outstanding (in shares) 98,317,787 99,036,163 95,220,056
Average Shares Outstanding Assuming Dilution (in shares) 98,588,164 99,223,513 95,331,037
Per Share Data:      
Basic Earnings Per Share (in dollars per share) $ 1.07 $ 1.09 $ 0.58
Diluted Earnings Per Share (in dollars per share) 1.07 1.08 0.58
Cash Dividends Declared per Common Share (in dollars per share) $ 0.40 $ 0.35 $ 0.32