XML 63 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Condensed Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and dividend income:        
Interest and fees on loans $ 57,680 $ 57,492 $ 169,555 $ 169,249
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 9,175 9,011 27,677 27,758
Other interest income 232 119 677 320
Total interest and dividend income 67,087 66,622 197,909 197,327
Interest on deposits:        
Demand and savings deposits 614 440 1,656 1,232
Time deposits 2,508 2,136 7,672 6,547
Interest on borrowings:        
Short-term borrowings 109 130 348 382
Long-term debt 6,141 7,207 18,468 21,416
Total interest expense 9,372 9,913 28,144 29,577
Net interest income 57,715 56,709 169,765 167,750
Provision for loan losses 2,404 4,501 5,648 1,016
Net interest income after provision for loan losses 55,311 52,208 164,117 166,734
Other income:        
Income from fiduciary activities 4,933 4,734 15,055 14,100
Service charges on deposit accounts 3,909 4,171 10,974 11,772
Other service income 3,251 2,450 8,577 6,895
Checkcard fee income 3,643 3,431 10,659 10,137
Bank owned life insurance income 1,574 1,420 4,538 3,708
ATM Fees 648 654 1,840 1,884
OREO valuation adjustments (718) (935) (1,273) (2,026)
Gain on sale of OREO, net 243 2,149 1,429 5,458
Gain (Loss) on Sales of Loans, Net 0 0 756 0
Other 2,708 1,322 5,700 3,787
Total other income 20,191 19,396 58,255 55,715
Other expense:        
Salaries and employee benefits 21,692 20,515 63,669 60,426
Employee Benefits and Share-based Compensation 6,721 5,728 17,135 17,017
Occupancy expense 2,469 2,339 7,429 7,628
Furniture and equipment expense 3,044 2,870 8,737 8,862
Data processing fees 1,383 1,281 3,847 3,516
Professional fees and services 5,424 6,934 15,701 21,385
Marketing 1,058 1,087 3,008 3,211
Insurance 1,399 1,396 4,222 4,310
Communication 1,245 1,304 3,809 3,940
Excise and Sales Taxes 779 (350) 2,709 1,550
Other Real Estate Owned Expense 323 244 1,114 1,829
Other expense 1,892 1,624 6,436 3,318
Total other expense 47,429 44,972 137,816 136,992
Income before income taxes 28,073 26,632 84,556 85,457
Income taxes 8,033 8,363 24,433 25,801
Net income 20,040 18,269 60,123 59,656
Net income available to common shareholders $ 20,040 $ 18,269 $ 60,123 $ 59,656
Net income available to common shareholders        
Basic $ 1.30 $ 1.19 $ 3.91 $ 3.87
Diluted $ 1.30 $ 1.19 $ 3.90 $ 3.87
Weighted average common shares outstanding        
Basic 15,361,087 15,392,421 15,370,380 15,395,320
Diluted 15,401,808 15,413,664 15,411,511 15,413,625
Cash dividends declared $ 0.94 $ 0.94 $ 2.82 $ 2.82