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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 46,883 $ 47,606 $ 138,649 $ 141,136
Interest and dividends on taxable investments 12,239 13,394 37,481 41,176
Interest and dividends on nontaxable investments 5,165 5,132 15,505 15,885
Total interest income 64,287 66,132 191,635 198,197
Interest expense:        
Interest on deposits 1,962 2,530 6,265 8,375
Interest on borrowings 308 2,368 846 10,473
Interest on subordinated debt held by unconsolidated subsidiary trusts 623 633 1,852 1,891
Total interest expense 2,893 5,531 8,963 20,739
Net interest income 61,394 60,601 182,672 177,458
Provision for loan losses 1,747 2,093 4,647 4,807
Net interest income after provision for loan losses 59,647 58,508 178,025 172,651
Noninterest income:        
Deposit service fees 13,833 12,703 39,260 36,643
Other banking services 1,867 1,671 4,665 3,729
Employee benefit services 10,755 9,397 31,638 28,564
Wealth management services 4,617 3,823 13,529 11,566
Gain on sales of investment securities 0 0 0 63,799
Loss on debt extinguishments 0 0 0 (63,500)
Total noninterest income 31,072 27,594 89,092 80,801
Noninterest expenses:        
Salaries and employee benefits 30,941 30,448 92,090 91,217
Occupancy and equipment 6,617 6,448 21,224 20,263
Data processing and communications 7,475 6,998 21,529 20,334
Amortization of intangible assets 1,051 1,089 3,293 3,408
Legal and professional fees 1,973 1,897 5,427 5,363
Office supplies and postage 1,466 1,566 4,664 4,579
Business development and marketing 1,764 1,973 5,424 5,256
FDIC insurance premiums 952 923 2,918 2,923
Acquisition expenses and litigation settlement 2,800 71 2,923 76
Other 3,772 3,631 10,404 10,553
Total noninterest expenses 58,811 55,044 169,896 163,972
Income before income taxes 31,908 31,058 97,221 89,480
Income taxes 9,537 9,069 29,001 26,128
Net income $ 22,371 $ 21,989 $ 68,220 $ 63,352
Basic earnings per share (in dollars per share) $ 0.55 $ 0.55 $ 1.67 $ 1.58
Diluted earnings per share (in dollars per share) $ 0.54 $ 0.54 $ 1.65 $ 1.56
Cash dividends declared per share (in dollars per share) $ 0.30 $ 0.28 $ 0.86 $ 0.82