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Consolidated Condensed Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income:        
Interest and fees on loans $ 63,110 $ 59,893 $ 184,240 $ 178,346
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 6,757 7,339 20,787 23,718
Interest Income, Securities, State and Municipal 1,974 689 5,098 1,653
Other interest income 1,383 321 2,330 844
Total interest and dividend income 73,224 68,242 212,455 204,561
Interest on deposits:        
Demand and savings deposits 2,882 1,094 6,787 2,851
Time deposits 2,521 2,352 7,139 7,128
Interest on borrowings:        
Short-term borrowings 197 84 616 330
Long-term debt 6,073 6,179 17,632 18,415
Total interest expense 11,673 9,709 32,174 28,724
Net interest income 61,551 58,533 180,281 175,837
Provision for (recovery of) loan losses 3,283 (7,366) 8,740 (3,819)
Net interest income after provision for loan losses 58,268 65,899 171,541 179,656
Other income:        
Income from fiduciary activities 5,932 5,315 17,471 15,866
Service charges on deposit accounts 3,216 3,800 9,511 10,798
Other service income 3,357 3,640 9,608 9,565
Checkcard fee income 3,974 3,780 11,775 11,180
Bank owned life insurance income 1,573 1,038 3,790 3,284
ATM Fees 605 581 1,708 1,734
OREO valuation adjustments (22) (233) (367) (572)
Gain on sale of OREO, net 51 783 204 1,079
Other 3,403 1,831 5,147 3,726
Total other income 22,089 20,535 58,847 56,660
Other expense:        
Salaries and employee benefits 23,302 22,084 69,020 64,894
Employee Benefits and Share-based Compensation 4,656 5,073 14,756 14,740
Occupancy expense 2,559 2,506 7,759 7,693
Furniture and equipment expense 3,868 3,437 11,126 10,296
Data processing fees 1,919 1,450 5,560 4,040
Professional fees and services 6,100 6,356 16,947 18,424
Marketing 1,122 1,062 3,262 3,246
Insurance 1,499 1,423 4,586 4,272
Communication 1,110 1,154 3,598 3,728
Excise and Sales Taxes 912 895 2,918 2,619
Other expense 2,764 1,316 5,847 8,009
Total other expense 49,811 46,756 145,379 141,961
Income before income taxes 30,546 39,678 85,009 94,355
Income taxes 8,434 12,229 23,598 28,222
Net income 22,112 27,449 61,411 66,133
Net income available to common shareholders $ 22,112 $ 27,449 $ 61,411 $ 66,133
Net income available to common shareholders        
Basic $ 1.45 $ 1.79 $ 4.01 $ 4.31
Diluted $ 1.44 $ 1.78 $ 3.99 $ 4.29
Weighted average common shares outstanding        
Basic 15,287,974 15,330,791 15,299,039 15,330,802
Diluted 15,351,590 15,399,707 15,394,199 15,401,825
Cash dividends declared $ 0.94 $ 0.94 $ 2.82 $ 2.82