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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Interest and fees on loans $ 185,860 $ 169,426 $ 360,874 $ 335,497
Interest and dividends on investment securities:        
Taxable 18,928 14,256 36,517 28,255
Tax-exempt 3,943 3,734 7,974 7,424
Dividends 2,137 1,316 4,288 2,796
Interest on federal funds sold and other short-term investments 279 296 610 653
Total interest income 211,147 189,028 410,263 374,625
Interest on deposits:        
Savings, NOW and money market 12,714 9,961 22,897 19,204
Time 10,166 9,223 19,719 18,808
Interest on short-term borrowings 5,516 3,120 9,417 4,992
Interest on long-term borrowings and junior subordinated debentures 13,791 15,269 26,741 32,013
Total interest expense 42,187 37,573 78,774 75,017
Net Interest Income 168,960 151,455 331,489 299,608
Provision for credit losses 3,632 1,429 6,102 2,229
Net Interest Income After Provision for Credit Losses 165,328 150,026 325,387 297,379
Non-Interest Income        
Trust and investment services 2,800 2,544 5,544 4,984
Insurance commissions 4,358 4,845 9,419 9,553
Service charges on deposit accounts 5,342 5,094 10,578 10,197
Gains (losses) on securities transactions, net 22 (3) (1) 268
Fees from loan servicing 1,831 1,561 3,646 3,155
Gains on sales of loans, net 4,791 3,105 8,919 4,900
Bank owned life insurance 1,701 1,818 4,164 3,781
Other 3,845 5,300 7,480 8,874
Total non-interest income 24,690 24,264 49,749 45,712
Non-Interest Expense        
Salary and employee benefits expense 61,338 56,072 125,054 116,331
Net occupancy and equipment expense 22,609 22,168 45,644 44,957
FDIC insurance assessment 4,928 5,095 10,055 10,194
Amortization of other intangible assets 2,562 2,928 5,098 5,777
Professional and legal fees 4,302 5,472 8,997 9,367
Amortization of tax credit investments 7,732 7,646 13,056 14,910
Telecommunication expense 2,707 2,294 5,366 4,680
Other 13,061 18,128 26,921 31,812
Total non-interest expense 119,239 119,803 240,191 238,028
Income Before Income Taxes 70,779 54,487 134,945 105,063
Income tax expense 20,714 15,460 38,785 29,849
Net Income 50,065 39,027 96,160 75,214
Dividends on preferred stock 1,797 1,797 3,594 3,594
Net Income Available to Common Shareholders $ 48,268 $ 37,230 $ 92,566 $ 71,620
Earnings Per Common Share:        
Basic (usd per share) $ 0.18 $ 0.15 $ 0.35 $ 0.28
Diluted (usd per share) 0.18 0.15 0.35 0.28
Cash Dividends Declared per Common Share (usd per share) $ 0.11 $ 0.11 $ 0.22 $ 0.22
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 263,958,292 254,381,170 263,878,103 254,228,260
Diluted (in shares) 264,778,242 254,771,213 264,662,863 254,575,873