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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:      
Interest and fees on loans $ 248,687 $ 241,979 $ 227,979
Interest and dividends on:      
Obligations of U.S. Government, its agencies and other securities - taxable 27,440 30,627 36,025
Obligations of states and political subdivisions - tax-exempt 7,210 2,632 182
Other interest income 3,087 1,020 888
Total interest and dividend income 286,424 276,258 265,074
Interest on deposits:      
Demand and savings deposits 9,464 4,079 2,229
Time deposits 9,629 9,337 10,125
Interest on short-term borrowings 992 456 469
Interest on long-term debt 22,580 24,300 24,619
Total interest expense 42,665 38,172 37,442
Net interest income 243,759 238,086 227,632
Provision for (recovery of) loan losses 8,557 (5,101) 4,990
Net interest income after provision for (recovery of) loan losses 235,202 243,187 222,642
Other income:      
Income from fiduciary activities 23,735 21,400 20,195
Service charges on deposit accounts 12,653 14,259 14,751
Gain on sale of investment securities 1,821 0 88
Other service income 13,162 14,419 11,438
Checkcard fee income 15,798 15,057 14,561
Bank owned life insurance income 4,858 4,338 5,783
ATM fees 2,253 2,268 2,428
Gain on sale of OREO, net 251 1,323 1,604
OREO valuation adjustments (458) (601) (1,592)
Gain on commercial loans held for sale 0 0 756
Miscellaneous 6,562 6,268 7,539
Total other income 80,635 78,731 77,551
Other expense:      
Salaries 92,177 87,034 86,189
Employee benefits 19,918 19,262 21,296
Data processing fees 7,250 5,608 5,037
Professional fees and services 24,833 27,181 23,452
Occupancy expense 10,201 10,239 9,686
Furniture and equipment expense 15,324 13,766 11,806
Insurance 6,354 5,825 5,629
Marketing 4,374 4,523 3,983
Communication 4,826 4,985 5,130
State tax expense 3,583 3,560 3,566
Prepayment penalty on long-term debt 0 5,554 532
Miscellaneous 8,528 11,486 10,308
Total other expense 197,368 199,023 186,614
Income (loss) before taxes 118,469 122,895 113,579
Federal income taxes 34,227 36,760 32,567
Net income $ 84,242 $ 86,135 $ 81,012
Earnings per common share:      
Basic (in dollars per share) $ 5.51 $ 5.62 $ 5.27
Diluted (in dollars per share) $ 5.47 $ 5.59 $ 5.26