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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest, fee and dividend income        
Interest and fees on loans $ 81,271 $ 74,172 $ 160,592 $ 144,615
Securities available for sale 6,031 7,003 11,953 13,929
Securities held to maturity 5,089 2,811 10,306 5,436
Other 842 781 1,726 1,547
Total interest, fee and dividend income 93,233 84,767 184,577 165,527
Interest expense        
Deposits 10,234 5,079 19,060 9,010
Short-term borrowings 2,760 2,455 5,997 4,421
Long-term debt 471 452 893 928
Junior subordinated debt 1,141 1,040 2,309 1,941
Total interest expense 14,606 9,026 28,259 16,300
Net interest income 78,627 75,741 156,318 149,227
Provision for loan losses 7,277 8,778 13,084 16,274
Net interest income after provision for loan losses 71,350 66,963 143,234 132,953
Noninterest income        
Insurance and other financial services revenue 5,938 5,826 12,694 12,330
Service charges on deposit accounts 4,224 4,246 8,460 8,218
ATM and debit card fees 6,156 5,816 11,681 11,089
Retirement plan administration fees 7,836 7,296 15,570 12,635
Trust 4,731 5,265 9,282 10,143
Bank owned life insurance 1,186 1,217 2,563 2,564
Net securities (losses) gains (69) 91 (12) 163
Other 4,239 4,401 7,824 8,293
Total noninterest income 34,241 34,158 68,062 65,435
Noninterest expense        
Salaries and employee benefits 38,567 37,726 77,923 74,293
Occupancy 5,443 5,535 11,718 11,654
Data processing and communications 4,693 4,508 9,107 8,787
Professional fees and outside services 3,359 3,336 7,027 6,828
Equipment 4,518 4,151 9,275 8,189
Office supplies and postage 1,577 1,504 3,168 3,077
FDIC expenses 949 1,092 1,966 2,293
Advertising 641 700 1,144 1,037
Amortization of intangible assets 893 1,096 1,861 2,010
Loan collection and other real estate owned, net 961 908 1,746 2,245
Other 4,630 4,332 9,756 8,747
Total noninterest expense 66,231 64,888 134,691 129,160
Income before income tax expense 39,360 36,233 76,605 69,228
Income tax expense 8,805 8,112 16,923 15,121
Net income $ 30,555 $ 28,121 $ 59,682 $ 54,107
Earnings per share        
Basic (in dollars per share) $ 0.70 $ 0.64 $ 1.36 $ 1.24
Diluted (in dollars per share) $ 0.69 $ 0.64 $ 1.35 $ 1.23