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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Loans $ 291,465 $ 286,166 $ 268,279
Taxable securities 35,167 30,774 28,754
Tax-exempt securities 11,121 11,842 10,830
Deposits in banks 216 109 179
Total interest income 337,969 328,891 308,042
Interest Expense      
Deposits 3,134 2,977 3,005
Federal Home Loan Bank advances 671 474 396
Other borrowings 545 553 593
Total interest expense 4,350 4,004 3,994
Net Interest Income 333,619 324,887 304,048
Provision for loan and lease losses 10,778 8,591 6,727
Net interest income after provision for loan and lease losses 322,841 316,296 297,321
Noninterest Income      
Deposit account and treasury management fees (1) 28,500 28,451 [1] 25,722 [1]
Card revenue 23,620 22,690 [1] 19,779 [1]
Financial services and trust revenue 11,266 12,596 [1] 11,585 [1]
Loan revenue 10,967 10,932 [1] 8,338 [1]
Merchant services fees 8,732 8,975 7,975
Investment securities gains, net 1,181 1,581 552
Bank owned life insurance 4,546 4,441 3,823
Change in FDIC loss sharing asset (2,585) (4,010) (19,989)
Other 1,855 5,817 [1] 1,965 [1]
Total noninterest income 88,082 91,473 59,750
Noninterest Expense      
Compensation and employee benefits 150,282 149,410 130,864
Occupancy 33,734 34,818 32,300
Merchant processing 4,330 4,204 4,006
Advertising and promotion 4,598 4,713 3,964
Data processing 16,488 17,421 15,369
Legal and professional fees 7,889 9,608 11,389
Taxes, licenses and fees 5,185 5,395 4,552
Regulatory premiums 3,777 4,806 4,549
Net cost (benefit) of operation of other real estate owned 551 (1,629) (1,045)
Amortization of intangibles 5,946 6,882 6,293
Other 28,362 30,521 27,045
Total noninterest expense 261,142 266,149 239,286
Income before income taxes 149,781 141,620 117,785
Income tax provision 44,915 42,793 36,211
Net Income $ 104,866 $ 98,827 $ 81,574
Per Common Share      
Basic earnings per common share $ 1.81 [2] $ 1.71 [2] $ 1.53
Diluted earnings per common share $ 1.81 [2] $ 1.71 [2] $ 1.52
Weighted average number of common shares outstanding 57,184 57,019 52,618
Weighted average number of diluted common shares outstanding 57,193 57,032 53,183
[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.
[2] Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year.