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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and Dividend Income    
Loans, including fees $ 238,069 $ 168,976
Mortgage loans held for sale, including fees 1,154 971
Investment securities:    
Taxable interest 25,328 17,864
Tax-exempt interest 2,766 2,063
Other 3,226 2,659
Total interest and dividend income 270,543 192,533
Deposits:    
NOW and MMDA 21,228 11,100
Savings 432 320
Time deposits 6,584 4,638
Short-term borrowings 2,524 277
Long-term debt 6,886 3,380
Total interest expense 37,654 19,715
Net interest income 232,889 172,818
Provision for loan and lease losses 7,986 6,154
Net interest income after provision for loan and lease losses 224,903 166,664
Non-interest Income    
Mortgage income 9,595 14,115
Service charges on deposit accounts 12,908 11,153
Title revenue 5,027 4,741
Broker commissions 2,221 2,547
ATM/debit card fee income 2,633 2,483
Credit card and merchant-related income 2,907 2,298
Trust Department Income 3,426 1,912
Income from bank owned life insurance 1,282 1,311
Gain (loss) on sale of available for sale securities (59) 0
Other non-interest income 4,626 4,564
Total non-interest income 44,566 45,124
Non-interest Expense    
Salaries and employee benefits 104,586 81,853
Net occupancy and equipment 20,047 16,021
Communication and delivery 3,902 3,044
Marketing and business development 4,752 3,424
Data processing 12,393 6,362
Professional services 7,391 5,335
Credit and other loan related expense 4,618 4,526
Insurance 7,105 4,529
Travel and entertainment 3,237 2,484
Amortization of Intangible Assets 5,102 1,770
Errors, fines, and losses 8,757 2,658
Other non-interest expense 6,406 6,790
Total non-interest expense 188,296 138,796
Income before income tax expense 81,173 72,992
Income tax expense 17,552 22,519
Net Income 63,621 50,473
Less: Preferred stock dividends 3,598 3,599
Net Income Available to Common Shareholders 60,023 46,874
Less: Earnings allocated to unvested restricted stock 639 346
Earnings allocated to common shareholders $ 59,384 $ 46,528
Earnings per common share - Basic (in usd per share) $ 1.11 $ 1.01
Earnings per common share - Diluted (in usd per share) 1.10 1.00
Cash dividends declared per common share (in usd per share) $ 0.38 $ 0.36
Comprehensive Income    
Net income $ 63,621 $ 50,473
Unrealized gains (losses) on securities:    
Unrealized holding gains (losses) arising during the period (net of tax effects of $14,223 and $2,421, respectively) (53,506) 4,496
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $13 and $0, respectively) (46) 0
Unrealized gains (losses) on securities, net of tax (53,460) 4,496
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 $678 and $39, respectively) 2,549 73
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $31 and $24, respectively) (116) (45)
Fair value of derivative instruments designated as cash flow hedges, net of tax 2,665 118
Other comprehensive income (loss), net of tax (50,795) 4,614
Comprehensive income $ 12,826 $ 55,087