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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Loans $ 78,641 $ 74,956 $ 228,340 $ 216,923
Taxable securities 8,718 8,988 29,172 25,834
Tax-exempt securities 2,718 2,799 8,125 8,397
Deposits in banks 226 15 268 81
Total interest income 90,303 86,758 265,905 251,235
Interest Expense        
Deposits 1,083 823 2,778 2,352
Federal Home Loan Bank advances 163 229 979 594
Other borrowings 128 134 383 407
Total interest expense 1,374 1,186 4,140 3,353
Net Interest Income 88,929 85,572 261,765 247,882
Provision (recapture) for loan and lease losses (648) 1,866 5,304 10,760
Net interest income after provision (recapture) for loan and lease losses 89,577 83,706 256,461 237,122
Noninterest Income        
Deposit account and treasury management fees 7,685 7,222 22,368 21,304
Card revenue 6,735 6,114 18,660 17,817
Financial services and trust revenue 2,645 2,746 8,520 8,347
Loan revenue 3,154 2,949 9,736 8,013
Merchant Discount Fees 0 2,352 4,283 6,726
Bank owned life insurance 1,290 1,073 4,003 3,459
Investment securities gains 0 572 0 1,174
Change in FDIC loss-sharing asset 0 (104) (447) (2,197)
Gain on sale of merchant card services portfolio 14,000 0 14,000 0
Other 1,558 242 4,938 1,109
Total noninterest income 37,067 23,166 86,061 65,752
Noninterest Expense        
Compensation and employee benefits 39,983 38,476 119,201 112,086
Occupancy 8,085 8,219 22,853 26,044
Merchant processing expense 0 1,161 2,196 3,312
Advertising and promotion 969 1,993 2,923 3,878
Data processing 4,122 4,275 13,071 12,350
Legal and professional fees 2,880 2,264 9,196 5,366
Taxes, licenses and fees 1,505 1,491 3,494 4,079
Regulatory premiums 782 776 2,299 2,985
Net cost (benefit) of operation of other real estate owned 271 (249) 422 (61)
Amortization of intangibles 1,188 1,460 3,786 4,526
Other 7,752 7,398 25,949 21,563
Total noninterest expense 67,537 67,264 205,390 196,128
Income before income taxes 59,107 39,608 137,132 106,746
Income tax provision 18,338 12,124 40,032 32,598
Net Income $ 40,769 $ 27,484 $ 97,100 $ 74,148
Earnings per common share        
Basic ($ per share) $ 0.70 $ 0.47 $ 1.67 $ 1.28
Diluted ($ per share) 0.70 0.47 1.67 1.28
Dividends paid per common share $ 0.22 $ 0.39 $ 0.66 $ 1.14
Weighted average number of common shares outstanding 57,566 57,215 57,459 57,173
Weighted average number of diluted common shares outstanding 57,571 57,225 57,465 57,183