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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income:      
Interest and fees on loans $ 241,979 $ 227,979 $ 227,644
Interest and dividends on:      
Obligations of U.S. Government, its agencies and other securities 30,627 36,025 36,981
Obligations of states and political subdivisions 2,632 182 3
Other interest income 1,020 888 515
Total interest and dividend income 276,258 265,074 265,143
Interest on deposits:      
Demand and savings deposits 4,079 2,229 1,677
Time deposits 9,337 10,125 9,323
Interest on short-term borrowings 456 469 517
Interest on long-term debt 24,300 24,619 28,582
Total interest expense 38,172 37,442 40,099
Net interest income 238,086 227,632 225,044
(Recovery of) provision for loan losses (5,101) 4,990 (7,333)
Net interest income after (recovery of) provision for loan losses 243,187 222,642 232,377
Other income:      
Income from fiduciary activities 21,400 20,195 19,150
Service charges on deposit accounts 14,259 14,751 15,423
Net gain on sales of securities 0 88 (1,158)
Other service income 14,419 11,438 10,459
Checkcard fee income 15,057 14,561 13,570
Bank owned life insurance income 4,338 5,783 4,861
ATM fees 2,268 2,428 2,467
Gain on sale of OREO, net 1,323 1,604 5,503
OREO valuation adjustments (601) (1,592) (2,406)
Gain (Loss) on Sales of Loans, Net 0 756 1,867
Miscellaneous 6,268 7,539 5,813
Total other income 78,731 77,551 75,549
Other expense:      
Salaries 87,034 86,189 81,977
Employee Benefit Expense 19,262 21,296 19,991
Data processing fees 5,608 5,037 4,712
Professional fees and services 27,181 23,452 29,580
Occupancy expense 10,239 9,686 10,006
Furniture and equipment expense 13,766 11,806 11,571
Insurance 5,825 5,629 5,723
Marketing 4,523 3,983 4,371
Communication 4,985 5,130 5,268
State tax expense 3,560 3,566 2,290
OREO expense 1,021 1,446 2,063
Prepayment penalty on long-term debt 5,554 532 0
Miscellaneous 10,465 8,862 9,958
Total other expense 199,023 186,614 187,510
Income (loss) before taxes 122,895 113,579 120,416
Federal income taxes 36,760 32,567 36,459
Net income $ 86,135 $ 81,012 $ 83,957
Earnings per common share:      
Basic (in dollars per share) $ 5.62 $ 5.27 $ 5.45
Diluted (in dollars per share) $ 5.59 $ 5.26 $ 5.45