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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Loans and leases, including fees $ 185,663 $ 181,619 $ 179,631
Investment securities:      
Investment securities available-for-sale 63,190 68,214 50,211
Investment securities held-to-maturity 9,018 164 188
Total investment income 72,208 68,378 50,399
Dividends from FHLB stock 2,774 2,130 2,033
Federal funds sold 634 427 221
Interest-earning deposits with other institutions 234 349 489
Total interest income 261,513 252,903 232,773
Interest expense:      
Deposits 5,266 4,977 4,887
Borrowings 2,867 10,991 10,999
Junior subordinated debentures 438 421 621
Total interest expense 8,571 16,389 16,507
Net interest income before recapture of provision for loan losses 252,942 236,514 216,266
(Recapture of) Provision for Loan Losses (5,600) (16,100) (16,750)
Net interest income after recapture of provision for loan losses 258,542 252,614 233,016
Noninterest income:      
Service charges on deposit accounts 15,567 15,778 15,923
Trust and investment services 8,642 8,118 8,071
Bankcard services 3,094 3,386 3,481
BOLI income 2,561 2,428 2,511
Gain on sale of loans 732 6,001  
(Loss) gain on sale of securities, net (22)   2,094
Decrease in FDIC loss sharing asset, net (902) (3,591) (12,860)
Gain on OREO, net 416 1,020 3,131
Other 3,395 3,272 2,936
Total noninterest income 33,483 36,412 25,287
Noninterest expense:      
Salaries and employee benefits 78,878 77,118 71,015
Occupancy and equipment 14,892 15,264 14,504
Professional services 6,188 6,018 5,709
Software licenses and maintenance 3,930 4,464 4,671
Promotion 5,015 5,195 4,681
(Recapture of) provision for unfunded loan commitments (500) (1,250) 500
Amortization of intangible assets 949 1,137 1,127
Debt termination expense 13,870 0 0
OREO expense 443 307 856
Insurance reimbursements   (372) (4,155)
Acquisition related expenses 475 1,973  
Other 16,519 16,375 15,120
Total noninterest expense 140,659 126,229 114,028
Earnings before income taxes 151,366 162,797 144,275
Income taxes 52,221 58,776 48,667
Net earnings 99,145 104,021 95,608
Other comprehensive income:      
Unrealized (loss) gain on securities arising during the period (17,550) 69,661 (88,562)
Less: Reclassification adjustment for net loss (gain) on securities included in net income 22 0 (2,094)
Other comprehensive (loss) income, before tax (17,528) 69,661 (90,656)
Less: Income tax benefit (expense) related to items of other comprehensive (loss) income 7,362 (29,256) 38,075
Other comprehensive (loss) income, net of tax (10,166) 40,405 (52,581)
Comprehensive income $ 88,979 $ 144,426 $ 43,027
Basic earnings per common share $ 0.93 $ 0.98 $ 0.91
Diluted earnings per common share 0.93 0.98 0.91
Cash dividends declared per common share $ 0.480 $ 0.400 $ 0.385