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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Loans $ 71,744 $ 67,004 $ 142,566 $ 132,545
Taxable securities 7,260 6,382 14,786 13,134
Tax-exempt securities 3,010 2,671 6,052 5,289
Deposits in banks 26 30 53 44
Total interest income 82,040 76,087 163,457 151,012
Interest Expense        
Deposits 740 729 1,488 1,481
Federal Home Loan Bank advances 154 115 313 229
Other borrowings 136 119 282 238
Total interest expense 1,030 963 2,083 1,948
Net Interest Income 81,010 75,124 161,374 149,064
Provision for loan and lease losses 2,202 2,117 3,411 4,039
Net interest income after provision for loan and lease losses 78,808 73,007 157,963 145,025
Noninterest Income (Loss)        
Service charges and other fees 15,874 13,790 30,743 26,726
Merchant services fees 2,340 2,040 4,380 3,910
Gain (Loss) on Sale of Securities, Net 343 296 1,064 519
Bank owned life insurance 1,206 976 2,284 1,941
Change in FDIC loss sharing asset (1,494) (5,050) (1,344) (9,869)
Other 3,193 2,575 7,102 5,408
Total noninterest income (loss) 21,462 14,627 44,229 28,635
Noninterest Expense        
Compensation and employee benefits 38,446 31,064 77,546 62,402
Occupancy 8,687 8,587 16,680 16,831
Merchant processing 1,079 998 2,056 1,978
Advertising and promotion 1,195 950 2,126 1,719
Data processing and communications 4,242 3,680 9,226 7,200
Legal and professional fees 2,847 2,303 5,354 4,472
Taxes, licenses and fees 1,427 1,051 2,659 2,231
Regulatory premiums 1,321 1,073 2,542 2,249
Net cost (benefit) of operation of other real estate owned (563) (97) (1,809) 49
Amortization of intangibles 1,718 1,480 3,535 3,060
Other 8,072 6,675 15,290 12,959
Total noninterest expense 68,471 57,764 135,205 115,150
Income before income taxes 31,799 29,870 66,987 58,510
Income tax provision 9,853 8,643 20,680 17,439
Net Income $ 21,946 $ 21,227 $ 46,307 $ 41,071
Earnings per common share        
Basic ($ per share) $ 0.38 $ 0.40 $ 0.80 $ 0.79
Diluted ($ per share) 0.38 0.40 0.80 0.77
Dividends paid per common share $ 0.34 $ 0.24 $ 0.64 $ 0.36
Weighted average number of common shares outstanding 57,055 52,088 56,999 51,600
Weighted average number of diluted common shares outstanding 57,069 52,494 57,012 52,463