XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Loans and leases, including fees $ 45,770 $ 45,542
Investment securities:    
Investment securities available-for-sale 12,799 17,934
Investment securities held-to-maturity 5,348 38
Total investment income 18,147 17,972
Dividends from FHLB stock 368 469
Federal funds sold 105 142
Interest-earning deposits with other institutions 110 55
Total interest income 64,500 64,180
Interest expense:    
Deposits 1,437 1,293
Borrowings 423 1,773
Junior subordinated debentures 124 105
Total interest expense 1,984 3,171
Net interest income before provision for loan losses 62,516 61,009
Provision for loan losses 0 0
Net interest income after provision for loan losses 62,516 61,009
Noninterest income:    
Service charges on deposit accounts 3,747 3,961
Trust and investment services 2,203 2,151
Bankcard services 555 733
BOLI income 547 649
Gain on sale of loans 1,101 0
Other 530 517
Total noninterest income 8,683 8,011
Noninterest expense:    
Salaries and employee benefits 21,253 19,295
Occupancy and equipment 3,713 3,652
Professional services 1,366 1,153
Software licenses and maintenance 909 1,030
Promotion 1,427 1,327
Recapture of provision for unfunded loan commitments 0 (500)
Debt termination expense 0 13,870
Acquisition related expenses 849 0
Other 4,847 4,645
Total noninterest expense 34,364 44,472
Earnings before income taxes 36,835 24,548
Income taxes 13,444 8,715
Net earnings 23,391 15,833
Other comprehensive income:    
Unrealized gain on securities arising during the period, before tax 27,270 20,270
Less: Income tax expense related to items of other comprehensive income (11,453) (8,514)
Net change, After-tax 15,817 11,756
Comprehensive income $ 39,208 $ 27,589
Basic earnings per common share $ 0.22 $ 0.15
Diluted earnings per common share 0.22 0.15
Cash dividends declared per common share $ 0.12 $ 0.12