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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and dividend income:      
Interest and fees on loans $ 227,979 $ 227,644 $ 225,538
Interest and dividends on:      
Obligations of U.S. Government, its agencies and other securities 36,025 36,981 36,686
Obligations of states and political subdivisions 182 3 45
Other interest income 888 515 678
Total interest and dividend income 265,074 265,143 262,947
Interest on deposits:      
Demand and savings deposits 2,229 1,677 1,773
Time deposits 10,125 9,323 11,235
Interest on short-term borrowings 469 517 544
Interest on long-term debt 24,619 28,582 28,370
Total interest expense 37,442 40,099 41,922
Net interest income 227,632 225,044 221,025
Provision for (recovery of) loan losses 4,990 (7,333) 3,415
Net interest income after provision for (recovery of) loan losses 222,642 232,377 217,610
Other income:      
Income from fiduciary activities 20,195 19,150 17,133
Service charges on deposit accounts 14,751 15,423 16,316
Net gain on sales of securities 88 (1,158) 0
Other service income 11,438 10,459 12,913
Checkcard fee income 14,561 13,570 12,955
Bank owned life insurance income 5,783 4,861 5,041
ATM fees 2,428 2,467 2,632
Gain on sale of OREO, net 1,604 5,503 3,110
OREO valuation adjustments (1,592) (2,406) (3,180)
Gain (Loss) on Sales of Loans, Net 756 1,867 0
Miscellaneous 7,539 5,813 6,357
Total other income 77,551 75,549 73,277
Other expense:      
Salaries 86,189 81,977 80,985
Employee Benefit Expense 21,296 19,991 19,313
Data processing fees 5,037 4,712 4,174
Professional fees and services 23,452 29,580 27,865
Occupancy expense 9,686 10,006 9,804
Furniture and equipment expense 11,806 11,571 11,249
Insurance 5,629 5,723 5,205
Marketing 3,983 4,371 3,790
Communication 5,130 5,268 5,790
State tax expense 3,566 2,290 3,702
OREO expense 1,446 2,063 2,731
Miscellaneous 9,394 9,958 6,907
Total other expense 186,614 187,510 181,515
Income (loss) before taxes 113,579 120,416 109,372
Federal income taxes 32,567 36,459 32,503
Net income $ 81,012 $ 83,957 $ 76,869
Earnings per common share:      
Basic (in dollars per share) $ 5.27 $ 5.45 $ 4.99
Diluted (in dollars per share) $ 5.26 $ 5.45 $ 4.99