XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Condensed Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Interest and fees on loans $ 69,905 $ 63,110 $ 198,803 $ 184,240
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 7,691 6,757 22,204 20,787
Interest Income, Securities, State and Municipal 2,205 1,974 6,557 5,098
Other interest income 428 1,383 1,070 2,330
Total interest and dividend income 80,229 73,224 228,634 212,455
Interest on deposits:        
Demand and savings deposits 6,412 2,882 13,809 6,787
Time deposits 3,328 2,521 8,765 7,139
Interest on borrowings:        
Short-term borrowings 288 197 1,283 616
Long-term debt 2,525 6,073 7,509 17,632
Total interest expense 12,553 11,673 31,366 32,174
Net interest income 67,676 61,551 197,268 180,281
Provision for loan losses 2,940 3,283 4,586 8,740
Net interest income after provision for loan losses 64,736 58,268 192,682 171,541
Noninterest Income [Abstract]        
Checkcard fee income 4,352 3,974 12,736 11,775
Bank owned life insurance income 2,585 1,573 4,625 3,790
ATM Fees 500 605 1,534 1,708
OREO valuation adjustments (77) (22) (398) (367)
Gain on sale of OREO, net (81) 51 4,093 204
Gain (Loss) on Sale of Investments 0 0 (2,271) 0
Unrealized gain loss on equity securities (326) 0 3,467 0
Other components of net periodic benefit income 1,705 1,448 5,115 4,344
Other 2,881 3,403 6,330 5,147
Total other income 24,064 23,537 74,209 63,191
Other expense:        
Salaries and employee benefits 27,229 23,302 76,652 69,020
Employee Benefits and Share-based Compensation 7,653 5,943 22,312 18,617
Occupancy expense 2,976 2,559 8,482 7,759
Furniture and equipment expense 3,807 3,868 11,969 11,126
Data processing fees 2,580 1,919 6,255 5,560
Professional fees and services 8,065 6,100 20,378 16,947
Marketing 1,364 1,122 3,767 3,262
Insurance 1,388 1,499 4,012 4,586
Communication 1,207 1,110 3,646 3,598
Excise and Sales Taxes 1,000 912 3,063 2,918
Amortization of Intangible Assets 289 0 289 0
Other expense 1,758 2,925 5,333 6,330
Total other expense 59,316 51,259 166,158 149,723
Income before income taxes 29,484 30,546 100,733 85,009
Income taxes 4,722 8,434 16,607 23,598
Net income 24,762 22,112 84,126 61,411
Net income available to common shareholders $ 24,762 $ 22,112 $ 84,126 $ 61,411
Net income available to common shareholders        
Basic $ 1.58 $ 1.45 $ 5.46 $ 4.01
Diluted $ 1.56 $ 1.44 $ 5.41 $ 3.99
Weighted average common shares outstanding        
Basic 15,686,542 15,287,974 15,420,135 15,299,039
Diluted 15,832,734 15,351,590 15,560,666 15,394,199
Cash dividends declared $ 0.96 $ 0.94 $ 3.11 $ 2.82
Fiduciary and Trust [Member]        
Noninterest Income [Abstract]        
Revenue from Contract with Customer, Including Assessed Tax $ 6,418 $ 5,932 $ 19,479 $ 17,471
Deposit Account [Member]        
Noninterest Income [Abstract]        
Revenue from Contract with Customer, Including Assessed Tax 2,861 3,216 8,609 9,511
Bank Servicing [Member]        
Noninterest Income [Abstract]        
Revenue from Contract with Customer, Including Assessed Tax 3,246 3,357 10,890 9,608
Other $ 3,200 $ 3,400 $ 10,900 $ 9,600