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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Interest and fees on loans $ 157,141 $ 135,108 $ 465,787 $ 402,525
Interest and dividends on investment securities:        
Taxable 12,148 15,134 39,313 47,299
Tax-exempt 3,593 3,647 10,800 11,033
Dividends 1,658 1,522 5,013 4,702
Interest on federal funds sold and other short-term investments 150 48 516 102
Total interest income 174,690 155,459 521,429 465,661
Interest Expense        
Savings, NOW and money market 5,587 4,860 17,493 13,671
Time 9,535 6,981 25,637 20,196
Interest on short-term borrowings 126 218 427 840
Interest on long-term borrowings and junior subordinated debentures 25,482 28,732 75,649 84,843
Total interest expense 40,730 40,791 119,206 119,550
Net Interest Income 133,960 114,668 402,223 346,111
Provision for credit losses 94 (423) 4,594 (2,096)
Net Interest Income After Provision for Credit Losses 133,866 115,091 397,629 348,207
Non-Interest Income        
Trust and investment services 2,450 2,411 7,520 7,097
Insurance commissions 4,119 3,632 12,454 12,621
Service charges on deposit accounts 5,241 5,722 15,794 17,109
Gains on securities transactions, net 157 103 2,481 102
Fees from loan servicing 1,703 1,806 4,948 5,262
Gains (losses) on sales of loans, net 2,014 (95) 3,034 1,497
(Losses) gains on sales of assets, net (558) 83 (77) 211
Bank owned life insurance 1,806 1,571 5,188 4,593
Change in FDIC loss-share receivable (55) (3,823) (3,380) (11,610)
Other 4,042 3,371 11,802 11,171
Total non-interest income 20,919 14,781 59,764 48,053
Non-Interest Expense        
Salary and employee benefits expense 54,315 45,501 165,601 140,683
Net occupancy and equipment expense 21,526 17,011 65,858 55,708
FDIC insurance assessment 4,168 3,534 11,972 10,214
Amortization of other intangible assets 2,232 2,201 6,721 6,898
Professional and legal fees 4,643 3,609 12,043 11,671
Amortization of tax credit investments 5,224 4,630 14,231 14,148
Advertising 732 1,664 4,092 2,814
Telecommunication expense 2,050 1,622 6,101 4,971
Other 13,762 11,764 37,563 34,881
Total non-interest expense 108,652 91,536 324,182 281,988
Income Before Income Taxes 46,133 38,336 133,211 114,272
Income tax expense 10,179 10,654 34,925 23,235
Net Income 35,954 27,682 98,286 91,037
Dividends on preferred stock 2,017 0 2,017 0
Net Income Available to Common Shareholders $ 33,937 $ 27,682 $ 96,269 $ 91,037
Earnings Per Common Share:        
Basic (in usd per share) $ 0.15 $ 0.14 $ 0.41 $ 0.45
Diluted (in usd per share) 0.15 0.14 0.41 0.45
Cash Dividends Declared per Common Share (in usd per share) $ 0.11 $ 0.11 $ 0.33 $ 0.33
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 232,737,953 200,614,091 232,548,840 200,406,801
Diluted (in shares) 232,780,219 200,614,091 232,565,695 200,406,801