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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Loans $ 74,956 $ 72,242 $ 216,923 $ 214,808
Taxable securities 8,988 7,472 25,834 22,258
Tax-exempt securities 2,799 2,920 8,397 8,972
Deposits in banks 15 31 81 84
Total interest income 86,758 82,665 251,235 246,122
Interest Expense        
Deposits 823 756 2,352 2,244
Federal Home Loan Bank advances 229 78 594 391
Other borrowings 134 137 407 419
Total interest expense 1,186 971 3,353 3,054
Net Interest Income 85,572 81,694 247,882 243,068
Provision for loan and lease losses 1,866 2,831 10,760 6,242
Net interest income after provision for loan and lease losses 83,706 78,863 237,122 236,826
Noninterest Income        
Deposit account and treasury management fees (1) 7,222 7,230 [1] 21,304 21,441 [1]
Card revenue (1) 6,114 5,849 [1] 17,817 16,914 [1]
Financial services and trust revenue (1) 2,746 3,316 [1] 8,347 9,657 [1]
Loan revenue (1) 2,949 3,200 [1] 8,013 8,125 [1]
Merchant processing revenue 2,352 2,422 6,726 6,802
Bank owned life insurance 1,073 1,086 3,459 3,370
Investment securities gains, net 572 236 1,174 1,300
Change in FDIC loss-sharing asset (104) (1,635) (2,197) (2,979)
Other (1) 242 795 [1] 1,109 2,098 [1]
Total noninterest income 23,166 22,499 65,752 66,728
Noninterest Expense        
Compensation and employee benefits 38,476 35,175 112,086 112,721
Occupancy 8,219 8,101 26,044 24,781
Merchant processing expense 1,161 1,090 3,312 3,146
Advertising and promotion 1,993 1,354 3,878 3,480
Data processing 4,275 3,796 12,350 13,022
Legal and professional fees 2,264 2,173 5,366 7,527
Taxes, licenses and fees 1,491 1,344 4,079 4,003
Regulatory premiums 776 1,084 2,985 3,626
Net cost (benefit) of operation of other real estate owned (249) 240 (61) (1,569)
Amortization of intangibles 1,460 1,695 4,526 5,230
Other 7,398 8,015 21,563 23,305
Total noninterest expense 67,264 64,067 196,128 199,272
Income before income taxes 39,608 37,295 106,746 104,282
Income tax provision 12,124 11,515 32,598 32,195
Net Income $ 27,484 $ 25,780 $ 74,148 $ 72,087
Earnings per common share        
Basic ($ per share) $ 0.47 $ 0.45 $ 1.28 $ 1.25
Diluted ($ per share) 0.47 0.45 1.28 1.25
Dividends paid per common share $ 0.39 $ 0.34 $ 1.14 $ 0.98
Weighted average number of common shares outstanding 57,215 57,051 57,173 57,007
Weighted average number of diluted common shares outstanding 57,225 57,064 57,183 57,021
[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.