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Quarterly Results of Operations and Selected Cash Flow Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations
     2014  
(Dollars in thousands, except per share data)    Fourth Quarter      Third Quarter      Second Quarter      First Quarter  

Total interest income

   $ 137,276       $ 133,793       $ 119,514       $ 114,232   

Total interest expense

     12,596         12,042         10,241         9,824   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net interest income

  124,680      121,751      109,273      104,408   

Provision for loan losses

  6,495      5,714      4,748      2,103   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net interest income after provision for loan losses

  118,185      116,037      104,525      102,305   

Gain on sale of investments, net

  164      582      8      19   

Other noninterest income

  46,908      46,530      43,753      35,662   

Noninterest expense

  119,382      120,360      127,309      107,428   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income before income taxes

  45,875      42,789      20,977      30,558   

Income tax expense

  9,939      11,897      4,750      8,163   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

$ 35,936    $ 30,892    $ 16,227    $ 22,395   

Preferred stock dividends

  —        —        —        —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Income available to common shareholders

  35,936      30,892      16,227      22,395   

Earnings allocated to unvested restricted stock

  (530   (465   (258   (405
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings available to common shareholders - Diluted

$ 35,406    $ 30,427    $ 15,969    $ 21,990   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per share - Basic

$ 1.08    $ 0.93    $ 0.53    $ 0.75   

Earnings per share - Diluted

  1.07      0.92      0.53      0.75   

Cash dividends declared per common share

  0.34      0.34      0.34      0.34   
     2013  
     Fourth Quarter      Third Quarter      Second Quarter      First Quarter  

Total interest income

   $ 114,092       $ 108,512       $ 108,177       $ 106,416   

Total interest expense

     10,654         11,060         11,695         13,545   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net interest income

  103,438      97,452      96,482      92,871   

(Reversal of) Provision for loan losses

  4,700      2,014      1,807      (3,377
  

 

 

    

 

 

    

 

 

    

 

 

 

Net interest income after (reversal of) provision for loan losses

  98,738      95,438      94,675      96,248   

Gain (loss) on sale of investments, net

  19      13      (57   2,359   

Other noninterest income

  38,696      43,250      42,546      42,132   

Noninterest expense

  102,674      108,152      117,361      144,898   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income (loss) before income taxes

  34,779      30,549      19,803      (4,159

Income tax expense (benefit)

  9,175      7,357      4,213      (4,876
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

$ 25,604    $ 23,192    $ 15,590    $ 717   

Preferred stock dividends

  —        —        —        —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Income available to common shareholders

  25,604      23,192      15,590      717   

Earnings allocated to unvested restricted stock

  (456   (425   (293   (20
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings available to common shareholders - Diluted

$ 25,148    $ 22,767    $ 15,297    $ 697   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per share - Basic

$ 0.86    $ 0.78    $ 0.53    $ 0.02   

Earnings per share - Diluted

  0.86      0.78      0.53      0.02   

Cash dividends declared per common share

  0.34      0.34      0.34      0.34   
Schedule of Error Corrections and Prior Period Adjustments Effect on Statements of Comprehensive Income

The following table presents the effect this error correction and purchase accounting adjustments had on the reported consolidated statements of comprehensive income for the periods indicated:

 

            Adjustment         
(Dollars in thousand, except per share data)    As Previously
Reported
     Error
Correction
     Purchase
Accounting
     As Adjusted  

Three Months Ended June 30, 2014

  

        

Net interest income

   $ 108,979       $ —         $ 294       $ 109,273   

Non-interest income

     47,963         (4,189      (13      43,761   

Non-interest expense

     127,375         (170      104         127,309   

Income tax expense

     6,271         (1,656      135         4,750   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

  18,548      (2,363   42      16,227   

Earnings per share - basic

  0.60      (0.07   —        0.53   

Earnings per share - diluted

  0.60      (0.07   —        0.53   

Three Months Ended September 30, 2014

  

Net interest income

$ 121,041    $ —      $ 710    $ 121,751   

Non-interest income

  45,663      1,487      (38   47,112   

Non-interest expense

  120,060      170      130      120,360   

Income tax expense

  11,186      521      190      11,897   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

  29,744      796      352      30,892   

Earnings per share - basic

  0.89      0.03      0.01      0.93   

Earnings per share - diluted

  0.89      0.02      0.01      0.92