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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans, including fees $ 74,606 $ 72,927 $ 148,857 $ 145,370
Investment securities:        
Taxable 20,596 23,257 40,716 47,140
Tax-exempt 2,627 2,749 5,274 5,522
Other interest income 67 42 106 78
Total interest income 97,896 98,975 194,953 198,110
Interest expense:        
Savings deposits 1,199 901 2,160 1,778
Time deposits 2,394 2,833 4,968 5,707
Securities sold under repurchase agreements 5,552 6,062 11,111 12,056
Other borrowings 757 369 1,384 844
Junior subordinated deferrable interest debentures 1,122 1,045 2,218 2,069
Total interest expense 11,024 11,210 21,841 22,454
Net interest income 86,872 87,765 173,112 175,656
Provision for probable loan losses 7,097 7,767 16,231 10,144
Net interest income after provision for probable loan losses 79,775 79,998 156,881 165,512
Non-interest income:        
Service charges on deposit accounts 17,854 19,850 35,964 39,042
Other service charges, commissions and fees        
Banking 10,957 13,075 21,334 23,528
Non-banking 1,694 1,856 2,991 2,966
Investment securities transactions, net (227) (427) (360) (428)
Other investments, net 2,766 3,462 10,617 7,717
Other income 3,567 2,328 6,996 4,153
Total non-interest income 36,611 40,144 77,542 76,978
Non-interest expense:        
Employee compensation and benefits 31,155 29,650 61,938 61,402
Occupancy 5,906 6,681 12,072 12,860
Depreciation of bank premises and equipment 6,208 6,332 12,388 12,558
Professional fees 3,446 4,020 6,739 7,267
Deposit insurance assessments 1,508 1,440 3,001 2,930
Net expense, other real estate owned 1,377 928 2,255 2,396
Amortization of identified intangible assets 32 161 64 280
Advertising 2,319 2,023 4,424 4,030
Software and software maintenance 3,723 2,563 7,034 5,129
Impairment charges (Total other-than-temporary impairment charges, $(300) net of $(367), and $(54), net of $(278), $(332) net of $(523) and $(176), net of $(627), included in other comprehensive income) 67 224 191 451
Other 16,243 14,249 29,796 26,591
Total non-interest expense 71,984 68,271 139,902 135,894
Income before income taxes 44,402 51,871 94,521 106,596
Provision for income taxes 14,714 17,996 31,849 36,859
Net income $ 29,688 $ 33,875 $ 62,672 $ 69,737
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 65,944,220 66,424,723 65,979,167 66,420,511
Net income (in dollars per share) $ 0.45 $ 0.51 $ 0.95 $ 1.05
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,159,105 66,684,136 66,138,593 66,619,788
Net income (in dollars per share) $ 0.45 $ 0.51 $ 0.95 $ 1.05