XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
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 $ 62,351 $ 52,509 $ 114,735 $ 104,159
Interest and dividends on taxable investments 15,175 14,016 28,741 27,612
Interest on nontaxable investments 3,896 4,585 7,904 9,095
Total interest income 81,422 71,110 151,380 140,866
Interest expense:        
Interest on deposits 2,065 1,872 3,795 3,766
Interest on borrowings 392 210 541 497
Interest on subordinated debt held by unconsolidated subsidiary trusts 936 722 1,741 1,416
Total interest expense 3,393 2,804 6,077 5,679
Net interest income 78,029 68,306 145,303 135,187
Provision for loan losses 1,461 2,305 3,289 3,646
Net interest income after provision for loan losses 76,568 66,001 142,014 131,541
Noninterest revenues:        
Deposit service fees 16,655 15,008 31,362 28,742
Other banking services 1,407 1,597 2,566 3,176
Employee benefit services 20,662 11,671 37,851 23,682
Insurance revenues 6,965 5,797 13,365 11,638
Wealth management services 5,537 4,699 10,398 9,815
Gain on investment securities 0 0 2 0
Total noninterest revenues 51,226 38,772 95,544 77,053
Noninterest expenses:        
Salaries and employee benefits 44,808 37,950 86,208 77,088
Occupancy and equipment 8,637 7,409 16,833 15,072
Data processing and communications 10,395 8,732 18,916 17,142
Amortization of intangible assets 4,263 1,403 7,031 2,845
Legal and professional fees 2,619 1,857 5,033 4,374
Office supplies and postage 1,808 1,846 3,482 3,623
Business development and marketing 2,451 2,149 4,532 4,163
FDIC insurance premiums 925 1,090 1,678 2,192
Acquisition expenses 22,896 263 24,612 340
Other expenses 4,077 3,657 8,129 7,186
Total noninterest expenses 102,879 66,356 176,454 134,025
Income before income taxes 24,915 38,417 61,104 74,569
Income taxes 7,724 12,560 17,656 24,309
Net income $ 17,191 $ 25,857 $ 43,448 $ 50,260
Basic earnings per share (in dollars per share) $ 0.35 $ 0.58 $ 0.92 $ 1.14
Diluted earnings per share (in dollars per share) 0.35 0.58 0.91 1.13
Cash dividends declared per share (in dollars per share) $ 0.32 $ 0.31 $ 0.64 $ 0.62