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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Loans $ 108,416 $ 103,027
Taxable securities 17,415 12,708
Tax-exempt securities 2,969 3,064
Deposits in banks 88 345
Total interest income 128,888 119,144
Interest Expense    
Deposits 4,498 2,509
FHLB advances 2,685 570
Subordinated debentures 468 468
Other borrowings 215 116
Total interest expense 7,866 3,663
Net Interest Income 121,022 115,481
Provision for loan and lease losses 1,362 5,852
Net interest income after provision for loan and lease losses 119,660 109,629
Noninterest Income    
Deposit account and treasury management fees 8,980 8,740
Card revenue 3,662 5,813
Financial services and trust revenue 2,957 2,730
Loan revenue 2,389 3,186
Bank owned life insurance 1,519 1,426
Investment securities gain (loss), net 1,847 22
Other 342 1,226
Total noninterest income 21,696 23,143
Noninterest Expense    
Compensation and employee benefits 52,085 50,570
Occupancy 8,809 10,121
Data processing 4,669 5,270
Legal and professional fees 4,573 3,237
Amortization of intangibles 2,748 3,188
B&O taxes (1) [1] 1,876 1,317
Advertising and promotion 974 1,429
Regulatory premiums 984 937
Net cost (benefit) of operation of OREO 113 1
Other (1) [1] 7,869 9,917
Total noninterest expense 84,700 85,987
Income before income taxes 56,656 46,785
Income tax provision 10,785 6,815
Net Income $ 45,871 $ 39,970
Earnings per common share    
Basic ($ per share) $ 0.63 $ 0.55
Diluted ($ per share) $ 0.63 $ 0.55
Weighted average number of common shares outstanding 72,521 72,300
Weighted average number of diluted common shares outstanding 72,524 72,305
[1] Beginning the first quarter of 2019, B&O taxes are reported separately from other taxes, licenses and fees, which are now reported under “other noninterest expense.” Prior periods have been reclassified to conform to current period presentation.