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Consolidated Condensed Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and dividend income:        
Interest and fees on loans $ 56,463 $ 57,004 $ 111,875 $ 111,757
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 9,113 9,271 18,502 18,747
Other interest income 228 88 445 201
Total interest and dividend income 65,804 66,363 130,822 130,705
Interest on deposits:        
Demand and savings deposits 556 399 1,042 792
Time deposits 2,542 2,133 5,164 4,411
Interest on borrowings:        
Short-term borrowings 106 127 239 252
Long-term debt 6,085 7,143 12,327 14,209
Total interest expense 9,289 9,802 18,772 19,664
Net interest income 56,515 56,561 112,050 111,041
Provision for (recovery of) loan losses 1,612 (1,260) 3,244 (3,485)
Net interest income after provision for loan losses 54,903 57,821 108,806 114,526
Other income:        
Income from fiduciary activities 5,210 4,825 10,122 9,366
Service charges on deposit accounts 3,684 3,942 7,065 7,601
Other service income 3,025 2,527 5,326 4,445
Checkcard fee income 3,665 3,493 7,016 6,706
Bank owned life insurance income 1,086 1,026 2,964 2,288
ATM Fees 614 636 1,192 1,230
OREO valuation adjustments (251) (675) (555) (1,091)
Gain on sale of OREO, net 513 2,603 1,186 3,309
Gain (Loss) on Sales of Loans, Net 0 0 756 0
Other 1,645 1,294 2,992 2,465
Total other income 19,191 19,671 38,064 36,319
Other expense:        
Salaries and employee benefits 25,724 26,140 52,391 51,200
Occupancy expense 2,381 2,457 4,960 5,289
Furniture and equipment expense 2,831 2,994 5,693 5,992
Data processing fees 1,197 1,121 2,464 2,235
Professional fees and services 5,583 8,168 10,277 14,451
Marketing 937 1,006 1,950 2,124
Insurance 1,362 1,467 2,823 2,914
Communication 1,233 1,293 2,564 2,636
Excise and Sales Taxes 883 925 1,930 1,900
Other Real Estate Owned Expense 324 308 791 1,585
Other expense 2,212 362 4,544 1,694
Total other expense 44,667 46,241 90,387 92,020
Income before income taxes 29,427 31,251 56,483 58,825
Income taxes 8,388 9,441 16,400 17,438
Net income 21,039 21,810 40,083 41,387
Net income available to common shareholders $ 21,039 $ 21,810 $ 40,083 $ 41,387
Net income available to common shareholders        
Basic $ 1.37 $ 1.42 $ 2.61 $ 2.69
Diluted $ 1.37 $ 1.42 $ 2.60 $ 2.69
Weighted average common shares outstanding        
Basic 15,370,882 15,392,435 15,375,026 15,396,770
Diluted 15,407,881 15,412,167 15,411,920 15,413,568
Cash dividends declared $ 0.94 $ 0.94 $ 1.88 $ 1.88