XML 52 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
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 $ 47,040 $ 46,883 $ 138,422 $ 138,649
Interest and dividends on taxable investments 13,454 12,239 38,802 37,481
Interest and dividends on nontaxable investments 4,790 5,165 14,394 15,505
Total interest income 65,284 64,287 191,618 191,635
Interest expense:        
Interest on deposits 1,694 1,962 5,225 6,265
Interest on borrowings 587 308 1,081 846
Interest on subordinated debt held by unconsolidated subsidiary trusts 640 623 1,881 1,852
Total interest expense 2,921 2,893 8,187 8,963
Net interest income 62,363 61,394 183,431 182,672
Provision for loan losses 1,906 1,747 3,120 4,647
Net interest income after provision for loan losses 60,457 59,647 180,311 178,025
Noninterest revenues:        
Deposit service fees 13,459 13,833 39,142 39,260
Other banking services 2,045 1,867 3,899 4,665
Employee benefit services 11,330 10,755 33,727 31,638
Wealth management services 4,552 4,617 13,383 13,529
Total noninterest revenues 31,386 31,072 90,151 89,092
Noninterest expenses:        
Salaries and employee benefits 31,179 30,941 93,218 92,090
Occupancy and equipment 6,652 6,617 20,891 21,224
Data processing and communications 7,643 7,475 22,106 21,529
Amortization of intangible assets 843 1,051 2,642 3,293
Legal and professional fees 1,564 1,973 4,952 5,427
Office supplies and postage 1,636 1,466 4,733 4,664
Business development and marketing 1,889 1,764 5,711 5,424
FDIC insurance premiums 968 952 2,920 2,918
Acquisition expenses and litigation settlement 562 2,800 1,318 2,923
Other 3,143 3,772 9,584 10,404
Total noninterest expenses 56,079 58,811 168,075 169,896
Income before income taxes 35,764 31,908 102,387 97,221
Income taxes 10,742 9,537 31,228 29,001
Net income $ 25,022 $ 22,371 $ 71,159 $ 68,220
Basic earnings per share (in dollars per share) $ 0.61 $ 0.55 $ 1.74 $ 1.67
Diluted earnings per share (in dollars per share) 0.60 0.54 1.72 1.65
Cash dividends declared per share (in dollars per share) $ 0.31 $ 0.30 $ 0.91 $ 0.86