v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Interest and fees on loans $ 45,693 $ 47,118
Interest and dividends on taxable investments 12,470 15,216
Interest and dividends on nontaxable investments 5,076 5,591
Total interest income 63,239 67,925
Interest expense:    
Interest on deposits 2,235 3,142
Interest on borrowings 284 5,730
Interest on subordinated debt held by unconsolidated subsidiary trusts 612 628
Total interest expense 3,131 9,500
Net interest income 60,108 58,425
Provision for loan losses 1,000 1,393
Net interest income after provision for loan losses 59,108 57,032
Noninterest income:    
Deposit service fees 12,255 11,595
Other banking services 1,190 1,038
Employee Benefit Services 10,435 9,770
Wealth management services 4,474 3,698
Gain on sales of investment securities 0 47,791
Loss on debt extinguishments 0 (47,783)
Total noninterest income 28,354 26,109
Noninterest expenses:    
Salaries and employee benefits 30,740 30,483
Occupancy and equipment 7,691 7,065
Data processing and communications 6,803 6,736
Amortization of intangible assets 1,141 1,179
Legal and professional fees 1,947 1,940
Office supplies and postage 1,551 1,495
Business development and marketing 1,730 1,479
FDIC insurance premiums 1,019 1,055
Acquisition expenses 123 5
Other 3,176 3,115
Total noninterest expenses 55,921 54,552
Income before income taxes 31,541 28,589
Income taxes 9,368 8,348
Net income $ 22,173 $ 20,241
Basic earnings per share (in dollars per share) $ 0.55 $ 0.51
Diluted earnings per share (in dollars per share) $ 0.54 $ 0.50
Cash dividends declared per share (in dollars per share) $ 0.28 $ 0.27