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Consolidated Condensed Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income:        
Interest and fees on loans $ 59,893 $ 57,680 $ 178,346 $ 169,555
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 7,339 9,163 23,718 27,665
Interest Income, Securities, State and Municipal 689 12 1,653 12
Other interest income 321 232 844 677
Total interest and dividend income 68,242 67,087 204,561 197,909
Interest on deposits:        
Demand and savings deposits 1,094 614 2,851 1,656
Time deposits 2,352 2,508 7,128 7,672
Interest on borrowings:        
Short-term borrowings 84 109 330 348
Long-term debt 6,179 6,141 18,415 18,468
Total interest expense 9,709 9,372 28,724 28,144
Net interest income 58,533 57,715 175,837 169,765
(Recovery of) provision for loan losses (7,366) 2,404 (3,819) 5,648
Net interest income after provision for loan losses 65,899 55,311 179,656 164,117
Other income:        
Income from fiduciary activities 5,315 4,933 15,866 15,055
Service charges on deposit accounts 3,800 3,909 10,798 10,974
Other service income 3,640 3,251 9,565 8,577
Checkcard fee income 3,780 3,643 11,180 10,659
Bank owned life insurance income 1,038 1,574 3,284 4,538
ATM Fees 581 648 1,734 1,840
OREO valuation adjustments (233) (718) (572) (1,273)
Gain on sale of OREO, net 783 243 1,079 1,429
Gain (Loss) on Sales of Loans, Net 0 0 0 756
Other 1,831 2,708 3,726 5,700
Total other income 20,535 20,191 56,660 58,255
Other expense:        
Salaries and employee benefits 22,084 21,692 64,894 63,669
Employee Benefits and Share-based Compensation 5,073 6,721 14,740 17,135
Occupancy expense 2,506 2,469 7,693 7,429
Furniture and equipment expense 3,437 3,044 10,296 8,737
Data processing fees 1,450 1,383 4,040 3,847
Professional fees and services 6,356 5,424 18,424 15,701
Marketing 1,062 1,058 3,246 3,008
Insurance 1,423 1,399 4,272 4,222
Communication 1,154 1,245 3,728 3,809
Excise and Sales Taxes 895 779 2,619 2,709
Other expense 1,316 2,215 8,009 7,550
Total other expense 46,756 47,429 141,961 137,816
Income before income taxes 39,678 28,073 94,355 84,556
Income taxes 12,229 8,033 28,222 24,433
Net income 27,449 20,040 66,133 60,123
Net income available to common shareholders $ 27,449 $ 20,040 $ 66,133 $ 60,123
Net income available to common shareholders        
Basic $ 1.79 $ 1.30 $ 4.31 $ 3.91
Diluted $ 1.78 $ 1.30 $ 4.29 $ 3.90
Weighted average common shares outstanding        
Basic 15,330,791 15,361,087 15,330,802 15,370,380
Diluted 15,399,707 15,401,808 15,401,825 15,411,511
Cash dividends declared $ 0.94 $ 0.94 $ 2.82 $ 2.82