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Consolidated Condensed Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income:        
Interest and fees on loans $ 61,222 $ 58,401 $ 121,130 $ 118,453
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 6,892 7,770 14,030 16,379
Interest Income, Securities, State and Municipal 1,664 591 3,124 964
Other interest income 698 249 947 523
Total interest and dividend income 70,476 67,011 139,231 136,319
Interest on deposits:        
Demand and savings deposits 2,291 933 3,905 1,757
Time deposits 2,457 2,389 4,618 4,776
Interest on borrowings:        
Short-term borrowings 184 82 419 246
Long-term debt 5,766 6,122 11,559 12,236
Total interest expense 10,698 9,526 20,501 19,015
Net interest income 59,778 57,485 118,730 117,304
Provision for loan losses 4,581 2,637 5,457 3,547
Net interest income after provision for loan losses 55,197 54,848 113,273 113,757
Other income:        
Income from fiduciary activities 6,025 5,438 11,539 10,551
Service charges on deposit accounts 3,156 3,575 6,295 6,998
Other service income 3,447 3,351 6,251 5,925
Checkcard fee income 4,040 3,868 7,801 7,400
Bank owned life insurance income 1,114 1,049 2,217 2,246
ATM Fees 561 570 1,103 1,153
OREO valuation adjustments (272) (221) (345) (339)
Gain on sale of OREO, net 53 162 153 296
Other 1,127 944 1,744 1,895
Total other income 19,251 18,736 36,758 36,125
Other expense:        
Salaries and employee benefits 23,001 21,256 45,718 42,810
Employee Benefits and Share-based Compensation 4,919 4,894 10,100 9,667
Occupancy expense 2,565 2,639 5,200 5,187
Furniture and equipment expense 3,640 3,416 7,258 6,859
Data processing fees 1,676 1,373 3,641 2,590
Professional fees and services 6,018 5,401 10,847 12,068
Marketing 1,084 1,073 2,140 2,184
Insurance 1,517 1,438 3,087 2,849
Communication 1,155 1,353 2,488 2,574
Excise and Sales Taxes 943 798 2,006 1,724
Other expense 1,588 1,665 3,083 6,693
Total other expense 48,106 45,306 95,568 95,205
Income before income taxes 26,342 28,278 54,463 54,677
Income taxes 7,310 8,280 15,164 15,993
Net income 19,032 19,998 39,299 38,684
Net income available to common shareholders $ 19,032 $ 19,998 $ 39,299 $ 38,684
Net income available to common shareholders        
Basic $ 1.24 $ 1.30 $ 2.57 $ 2.52
Diluted $ 1.24 $ 1.30 $ 2.55 $ 2.51
Weighted average common shares outstanding        
Basic 15,297,085 15,330,802 15,304,572 15,330,808
Diluted 15,398,865 15,399,283 15,415,765 15,402,896
Cash dividends declared $ 0.94 $ 0.94 $ 1.88 $ 1.88