XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Loans $ 116,585 $ 105,412 $ 225,001 $ 208,439
Taxable securities 15,918 11,923 33,333 24,631
Tax-exempt securities 2,712 3,063 5,681 6,127
Deposits in banks 207 151 295 496
Total interest income 135,422 120,549 264,310 239,693
Interest Expense        
Deposits 4,976 2,572 9,474 5,081
FHLB advances 4,708 815 7,393 1,385
Subordinated debentures 468 468 936 936
Other borrowings 154 20 369 136
Total interest expense 10,306 3,875 18,172 7,538
Net Interest Income 125,116 116,674 246,138 232,155
Provision for loan and lease losses 218 3,975 1,580 9,827
Net interest income after provision for loan and lease losses 124,898 112,699 244,558 222,328
Noninterest Income        
Deposit account and treasury management fees 9,035 8,683 18,015 17,423
Card revenue 3,763 6,616 7,425 12,429
Financial services and trust revenue 3,425 3,219 6,382 5,949
Loan revenue 3,596 3,054 5,985 6,240
Bank owned life insurance 1,597 1,712 3,116 3,138
Investment securities gains (losses), net 285 (33) 2,132 (11)
Other 3,947 441 4,289 1,667
Total noninterest income 25,648 23,692 47,344 46,835
Noninterest Expense        
Compensation and employee benefits 52,015 48,949 104,100 99,519
Occupancy 8,712 9,276 17,521 19,397
Data processing 4,601 5,221 9,270 10,491
Legal and professional fees 6,554 4,171 11,127 7,408
Amortization of intangibles 2,649 3,088 5,397 6,276
B&O taxes (1) 1,411 [1] 1,459 [1] 3,287 2,776
Advertising and promotion 870 1,622 1,844 3,051
Regulatory premiums 956 937 1,940 1,874
Net cost (benefit) of operation of OREO (705) 758 (592) 759
Other (1) 9,665 [1] 9,162 [1] 17,534 19,079
Total noninterest expense 86,728 84,643 171,428 170,630
Income before income taxes 63,818 51,748 120,474 98,533
Income tax provision 12,094 9,999 22,879 16,814
Net Income $ 51,724 $ 41,749 $ 97,595 $ 81,719
Earnings per common share        
Basic $ 0.71 $ 0.57 $ 1.33 $ 1.12
Diluted $ 0.71 $ 0.57 $ 1.33 $ 1.12
Weighted average number of common shares outstanding 72,451 72,385 72,486 72,343
Weighted average number of diluted common shares outstanding 72,451 72,390 72,487 72,347
[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.