XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Loans, including fees $ 71,026,000 $ 66,482,000 $ 208,934,000 $ 194,633,000
Investment securities:        
Taxable 24,149,000 21,821,000 76,873,000 60,941,000
Tax-exempt 2,744,000 3,318,000 8,995,000 9,439,000
Other interest income 39,000 29,000 133,000 71,000
Total interest income 97,958,000 91,650,000 294,935,000 265,084,000
Interest expense:        
Savings deposits 898,000 885,000 2,684,000 2,852,000
Time deposits 2,976,000 3,644,000 9,115,000 12,067,000
Securities sold under repurchase agreements 6,150,000 7,162,000 18,474,000 22,042,000
Other borrowings 488,000 454,000 1,608,000 1,033,000
Junior subordinated interest deferrable debentures 1,063,000 862,000 3,201,000 3,191,000
Total interest expense 11,575,000 13,007,000 35,082,000 41,185,000
Net interest income 86,383,000 78,643,000 259,853,000 223,899,000
Provision for probable loan losses 2,816,000 5,800,000 8,539,000 17,561,000
Net interest income after provision for probable loan losses 83,567,000 72,843,000 251,314,000 206,338,000
Non-interest income:        
Service charges on deposit accounts 22,514,000 25,026,000 67,026,000 72,363,000
Other service charges, commissions and fees        
Banking 10,880,000 11,327,000 33,791,000 31,362,000
Non-banking 2,083,000 2,092,000 5,143,000 4,668,000
Investment securities transactions, net (6,446,000)   1,283,000 9,601,000
Other investments, net 5,641,000 3,871,000 17,008,000 19,503,000
Other income 1,811,000 2,165,000 11,873,000 6,941,000
Total non-interest income 36,483,000 44,481,000 136,124,000 144,438,000
Non-interest expense:        
Employee compensation and benefits 32,326,000 30,627,000 92,560,000 91,602,000
Occupancy 7,865,000 7,604,000 22,729,000 22,596,000
Depreciation of bank premises and equipment 5,937,000 6,433,000 18,083,000 19,677,000
Professional fees 3,416,000 3,669,000 10,343,000 11,344,000
Deposit insurance assessments 1,515,000 1,683,000 4,512,000 5,061,000
Net expense, other real estate owned (55,000) 1,360,000 1,704,000 4,724,000
Amortization of identified intangible assets 117,000 1,156,000 2,246,000 3,451,000
Advertising 1,928,000 1,795,000 5,713,000 5,664,000
Early termination fee - securities sold under repurchase agreements     11,000,000 12,303,000
Impairment charges (Total other-than-temporary impairment losses, $(8), net of $(281), $(13), net of $(560), $(115), net of $(667), and $27, net of $(1,273), included in other comprehensive income) 273,000 573,000 552,000 1,300,000
Other 16,835,000 15,327,000 47,043,000 47,080,000
Total non-interest expense 70,157,000 70,227,000 216,485,000 224,802,000
Income before income taxes 49,893,000 47,097,000 170,953,000 125,974,000
Provision for income taxes 16,660,000 15,271,000 56,356,000 38,566,000
Net income $ 33,233,000 $ 31,826,000 $ 114,597,000 $ 87,408,000
Basic earnings per common share:        
Weighted average number of shares outstanding: (in shares) 66,860,997 67,197,847 66,971,555 67,192,112
Net income (in dollars per share) $ 0.50 $ 0.47 $ 1.71 $ 1.30
Fully diluted earnings per common share:        
Weighted average number of shares outstanding: (in shares) 67,016,937 67,333,442 67,119,213 67,301,863
Net income (in dollars per share) $ 0.50 $ 0.47 $ 1.71 $ 1.30