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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest, fee, and dividend income        
Interest and fees on loans $ 59,873 $ 60,559 $ 119,391 $ 120,574
Securities available for sale 5,144 6,612 10,089 13,369
Securities held to maturity 2,315 783 4,598 1,551
Other 395 502 875 1,039
Total interest, fee, and dividend income 67,727 68,456 134,953 136,533
Interest expense        
Deposits 3,517 3,000 7,090 6,284
Short-term borrowings 144 209 265 440
Long-term debt 836 2,135 1,662 4,642
Junior subordinated debt 545 538 1,085 1,076
Total interest expense 5,042 5,882 10,102 12,442
Net interest income 62,685 62,574 124,851 124,091
Provision for loan losses 3,898 4,166 7,540 7,762
Net interest income after provision for loan losses 58,787 58,408 117,311 116,329
Noninterest income        
Insurance and other financial services revenue 5,836 5,594 12,210 12,331
Service charges on deposit accounts 4,285 4,397 8,357 8,766
ATM and debit card fees 4,679 4,357 8,927 8,429
Retirement plan administration fees 3,566 2,977 6,762 5,895
Trust 5,196 4,953 9,646 9,399
Bank owned life insurance 928 978 2,487 2,360
Net securities gains 26 14 40 21
Gain on the sale of equity investment 0 19,401 0 19,401
Other 3,699 3,356 6,320 5,702
Total noninterest income 28,215 46,027 54,749 72,304
Noninterest expense        
Salaries and employee benefits 30,831 31,142 61,013 60,676
Occupancy 5,412 5,435 11,478 11,661
Data processing and communications 4,288 4,015 8,391 8,016
Professional fees and outside services 3,395 3,752 6,892 7,167
Equipment 3,316 3,132 6,565 6,248
Office supplies and postage 1,627 1,803 3,246 3,488
FDIC expenses 1,280 1,229 2,478 2,507
Advertising 734 726 1,453 1,465
Amortization of intangible assets 1,187 1,236 2,471 2,546
Loan collection and other real estate owned 22 801 894 1,841
Prepayment penalties on long-term debt 0 4,554 0 4,554
Other 5,872 4,911 10,785 10,084
Total noninterest expense 57,964 62,736 115,666 120,253
Income before income tax expense 29,038 41,699 56,394 68,380
Income tax expense 9,757 14,059 18,947 22,731
Net income $ 19,281 $ 27,640 $ 37,447 $ 45,649
Earnings per share        
Basic (in dollars per share) $ 0.44 $ 0.63 $ 0.85 $ 1.04
Diluted (in dollars per share) $ 0.43 $ 0.62 $ 0.84 $ 1.03