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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and Dividend Income    
Loans, including fees $ 168,976 $ 163,991
Mortgage loans held for sale, including fees 971 1,401
Investment securities:    
Taxable interest 17,864 13,548
Tax-exempt interest 2,063 1,664
Amortization of FDIC loss share receivable 0 (4,386)
Other 2,659 718
Total interest and dividend income 192,533 176,936
Deposits:    
NOW and MMDA 11,100 7,358
Savings 320 222
Time deposits 4,638 4,354
Short-term borrowings 277 485
Long-term debt 3,380 3,114
Total interest expense 19,715 15,533
Net interest income 172,818 161,403
Provision for loan losses 6,154 14,905
Net interest income after provision for loan losses 166,664 146,498
Non-interest Income    
Mortgage income 14,115 19,940
Service charges on deposit accounts 11,153 10,951
Title revenue 4,741 4,745
Broker commissions 2,738 3,823
ATM/debit card fee income 3,585 3,503
Credit card and merchant-related income 3,227 2,655
Income from bank owned life insurance 1,311 1,202
Gain on sale of available for sale securities 0 196
Other non-interest income 6,476 8,830
Total non-interest income 47,346 55,845
Non-interest Expense    
Salaries and employee benefits 81,853 80,742
Net occupancy and equipment 16,021 16,907
Communication and delivery 3,044 3,059
Marketing and business development 3,424 3,502
Data processing 6,941 5,918
Professional services 5,335 3,780
Credit and other loan related expense 4,526 2,671
Insurance 4,529 4,184
Travel and entertainment 2,484 2,383
Other non-interest expense 12,861 14,306
Total non-interest expense 141,018 137,452
Income before income tax expense 72,992 64,891
Income tax expense 22,519 22,122
Net Income 50,473 42,769
Preferred stock dividends (3,599) (2,576)
Net Income Available to Common Shareholders 46,874 40,193
Earnings allocated to unvested restricted stock (346) (460)
Earnings allocated to common shareholders $ 46,528 $ 39,733
Earnings per common share - Basic (in usd per share) $ 1.01 $ 0.98
Earnings per common share - Diluted (in usd per share) 1.00 0.97
Cash dividends declared per common share (in usd per share) $ 0.36 $ 0.34
Comprehensive Income    
Net income $ 50,473 $ 42,769
Unrealized gains (losses) on securities:    
Unrealized holding gains (losses) arising during the period (net of tax effects of $2,421 and $13,702, respectively) 4,496 25,447
Reclassification adjustment for gains included in net income (net of tax effects of $0 and $69, respectively) 0 (127)
Unrealized gains (losses) on securities, net of tax 4,496 25,320
Fair value of derivative instruments designated as cash flow hedges:    
Change in fair value of derivative instruments designated as cash flow hedges during the period (net of tax effects of $88 and $2,223, respectively) 163 (4,127)
Reclassification adjustment for gains included in net income (net of tax effects of $24 and $0, respectively) (45) 0
Fair value of derivative instruments designated as cash flow hedges, net of tax 118 (4,127)
Other comprehensive income (loss), net of tax 4,614 21,193
Comprehensive income $ 55,087 $ 63,962