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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Loans $ 71,651 $ 71,744 $ 141,967 $ 142,566
Taxable securities 8,829 7,260 16,846 14,786
Tax-exempt securities 2,795 3,010 5,598 6,052
Deposits in banks 28 26 66 53
Total interest income 83,303 82,040 164,477 163,457
Interest Expense        
Deposits 787 740 1,529 1,488
Federal Home Loan Bank advances 241 154 365 313
Other borrowings 135 136 273 282
Total interest expense 1,163 1,030 2,167 2,083
Net Interest Income 82,140 81,010 162,310 161,374
Provision for loan and lease losses 3,640 2,202 8,894 3,411
Net interest income after provision for loan and lease losses 78,500 78,808 153,416 157,963
Noninterest Income        
Deposit account and treasury management fees (1) 7,093 7,351 [1] 14,082 14,211 [1]
Card revenue 6,051 5,702 [1] 11,703 11,065 [1]
Financial services and trust revenue 2,780 3,217 [1] 5,601 6,341 [1]
Loan revenue 2,802 2,322 [1] 5,064 4,925 [1]
Merchant processing revenue 2,272 2,340 4,374 4,380
Bank Owned Life Insurance Income 1,270 1,206 2,386 2,284
Investment securities gains, net 229 343 602 1,064
Change in FDIC loss-sharing asset (990) (1,494) (2,093) (1,344)
Other (1) 433 475 [1] 867 1,303 [1]
Total noninterest income 21,940 21,462 42,586 44,229
Noninterest Expense        
Compensation and employee benefits 37,291 38,446 73,610 77,546
Occupancy 7,652 8,687 17,825 16,680
Merchant processing expense 1,118 1,079 2,151 2,056
Advertising and promotion 1,043 1,195 1,885 2,126
Data processing 3,929 4,242 8,075 9,226
Legal and professional fees 1,777 2,847 3,102 5,354
Taxes, licenses and fees 1,298 1,427 2,588 2,659
Regulatory premiums 1,068 1,321 2,209 2,542
Net cost (benefit) of operation of other real estate owned 84 (563) 188 (1,809)
Amortization of intangibles 1,483 1,718 3,066 3,535
Other 7,047 8,072 14,165 15,290
Total noninterest expense 63,790 68,471 128,864 135,205
Income before income taxes 36,650 31,799 67,138 66,987
Income tax provision 11,245 9,853 20,474 20,680
Net Income $ 25,405 $ 21,946 $ 46,664 $ 46,307
Earnings per common share        
Basic ($ per share) $ 0.44 $ 0.38 $ 0.80 $ 0.80
Diluted ($ per share) 0.44 0.38 0.80 0.80
Dividends paid per common share $ 0.37 $ 0.34 $ 0.75 $ 0.64
Weighted average number of common shares outstanding 57,185 57,055 57,149 56,999
Weighted average number of diluted common shares outstanding 57,195 57,069 57,160 57,012
[1] Reclassified to conform to the current period’s presentation. Reclassifications consisted of disaggregating fee revenue previously presented in ‘Service charges and other fees’ and certain revenue previously presented in ‘Other’ into the presentation above. The Company made these reclassifications to provide additional information about its sources of noninterest income. There was no change to total noninterest income as previously reported as a result of these reclassifications.