XML 45 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans, including fees $ 72,927 $ 70,036 $ 145,370 $ 137,908
Investment securities:        
Taxable 23,257 26,545 47,140 52,724
Tax-exempt 2,749 2,728 5,522 6,251
Other interest income 42 31 78 94
Total interest income 98,975 99,340 198,110 196,977
Interest expense:        
Savings deposits 901 915 1,778 1,786
Time deposits 2,833 3,019 5,707 6,139
Securities sold under repurchase agreements 6,062 6,088 12,056 12,324
Other borrowings 369 564 844 1,120
Junior subordinated interest deferrable debentures 1,045 1,048 2,069 2,138
Total interest expense 11,210 11,634 22,454 23,507
Net interest income 87,765 87,706 175,656 173,470
Provision for probable loan losses 7,767 3,645 10,144 5,723
Net interest income after provision for probable loan losses 79,998 84,061 165,512 167,747
Non-interest income:        
Service charges on deposit accounts 19,850 22,450 39,042 44,512
Other service charges, commissions and fees        
Banking 13,075 12,090 23,528 22,911
Non-banking 1,856 1,161 2,966 3,060
Investment securities transactions, net (427) (379) (428) 7,729
Other investments, net 3,462 2,309 7,717 11,367
Other income 2,328 3,822 4,153 10,062
Total non-interest income 40,144 41,453 76,978 99,641
Non-interest expense:        
Employee compensation and benefits 29,650 29,989 61,402 60,234
Occupancy 6,681 7,856 12,860 14,864
Depreciation of bank premises and equipment 6,332 6,054 12,558 12,146
Professional fees 4,020 3,315 7,267 6,927
Deposit insurance assessments 1,440 1,558 2,930 2,997
Net expense, other real estate owned 928 830 2,396 1,759
Amortization of identified intangible assets 161 1,148 280 2,129
Advertising 2,023 1,955 4,030 3,785
Early termination fee - securities sold under repurchase agreements       11,000
Impairment charges (Total other-than-temporary impairment losses, $(54), net of $(278), $(74), net of $(263), $(176), net of $(627), and $(107), net of $(386), included in other comprehensive income) 224 189 451 279
Other 16,812 15,736 31,720 30,208
Total non-interest expense 68,271 68,630 135,894 146,328
Income before income taxes 51,871 56,884 106,596 121,060
Provision for income taxes 17,996 19,165 36,859 39,695
Net income $ 33,875 $ 37,719 $ 69,737 $ 81,365
Basic earnings per common share:        
Weighted average number of shares outstanding: (in shares) 66,424,723 66,925,664 66,420,511 67,027,750
Net income (in dollars per share) $ 0.51 $ 0.56 $ 1.05 $ 1.21
Fully diluted earnings per common share:        
Weighted average number of shares outstanding: (in shares) 66,684,136 67,071,370 66,619,788 67,171,257
Net income (in dollars per share) $ 0.51 $ 0.56 $ 1.05 $ 1.21