XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Loans and leases, including fees $ 57,368 $ 53,614 $ 112,564 $ 102,255
Investment securities:        
Investment securities available-for-sale 11,697 13,007 23,565 25,647
Investment securities held-to-maturity 4,807 5,323 9,572 10,830
Total investment income 16,504 18,330 33,137 36,477
Dividends from FHLB stock 298 359 630 752
Interest-earning deposits with other institutions and federal funds sold 635 286 1,171 553
Total interest income 74,805 72,589 147,502 140,037
Interest expense:        
Deposits 1,549 1,559 3,074 2,992
Borrowings and customer repurchase agreements 337 382 790 811
Junior subordinated debentures 231 165 429 318
Total interest expense 2,117 2,106 4,293 4,121
Net interest income before recapture of provision for loan losses 72,688 70,483 143,209 135,916
Recapture of provision for loan losses (1,000) (1,000) (2,000) (5,500)
Net interest income after recapture of provision for loan losses 73,688 71,483 145,209 141,416
Noninterest income:        
BOLI income 1,069 1,497 2,048 2,212
Gain on OREO, net   2 3,540 2
Other 1,178 1,811 2,569 3,030
Total noninterest income 9,695 10,776 22,611 19,498
Noninterest expense:        
Salaries and employee benefits 21,051 21,706 43,365 43,281
Occupancy and equipment 4,318 4,554 8,510 8,238
Professional services 1,690 1,843 3,220 3,100
Software licenses and maintenance 1,759 1,627 3,519 3,188
Marketing and promotion 1,148 1,190 2,504 2,429
Acquisition related expenses 494 1,250 1,297 1,926
Other 3,794 4,703 7,785 8,828
Total noninterest expense 34,254 36,873 70,200 70,990
Earnings before income taxes 49,129 45,386 97,620 89,924
Income taxes 13,756 17,013 27,334 33,047
Net earnings 35,373 28,373 70,286 56,877
Other comprehensive income (loss):        
Unrealized (loss) gain on securities arising during the period, before tax (6,598) 1,642 (38,768) 2,066
Less: Reclassification adjustment for net gain on securities included in net income 0 (402) 0 (402)
Other comprehensive (loss) income, before tax (6,598) 1,240 (38,768) 1,664
Less: Income tax benefit (expense) related to items of other comprehensive income 1,951 (521) 11,462 (699)
Other comprehensive (loss) income, net of tax (4,647) 719 (27,306) 965
Comprehensive income $ 30,726 $ 29,092 $ 42,980 $ 57,842
Basic earnings per common share $ 0.32 $ 0.26 $ 0.64 $ 0.52
Diluted earnings per common share 0.32 0.26 0.64 0.52
Cash dividends declared per common share $ 0.14 $ 0.14 $ 0.28 $ 0.26
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 4,091 $ 3,982 $ 8,136 $ 7,709
Trust and Investment Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax 2,399 2,613 4,556 4,909
Bankcard Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 958 $ 871 $ 1,762 $ 1,636