XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Loans, including fees $ 71,148,000 $ 66,997,000 $ 205,764,000 $ 194,820,000
Investment securities        
Taxable 13,150,000 10,326,000 37,356,000 32,405,000
Tax-exempt 1,537,000 1,083,000 4,347,000 3,401,000
Total interest on investment securities 14,687,000 11,409,000 41,703,000 35,806,000
Other earning assets (917,000) (1,081,000) (2,932,000) (3,323,000)
Total interest income 84,918,000 77,325,000 244,535,000 227,303,000
Interest expense        
Deposits 10,335,000 5,600,000 25,939,000 16,587,000
Short-term borrowings 2,566,000 1,368,000 6,049,000 3,591,000
Long-term borrowings 1,538,000 1,539,000 4,616,000 4,620,000
Total interest expense 14,439,000 8,507,000 36,604,000 24,798,000
Net interest income 70,479,000 68,818,000 207,931,000 202,505,000
Provision for loan and lease losses 2,953,000 1,687,000 3,787,000 7,379,000
Net interest income after provision for loan and lease losses 67,526,000 67,131,000 204,144,000 195,126,000
Noninterest income        
Service charges on deposit accounts 5,169,000 5,056,000 14,585,000 13,892,000
Trust and wealth management fees 3,324,000 3,236,000 10,476,000 9,959,000
Bankcard income 3,272,000 2,984,000 9,908,000 8,996,000
Client derivative fees 1,779,000 1,210,000 4,371,000 4,104,000
Net gains from sales of loans 1,455,000 2,066,000 3,998,000 5,093,000
Net gains (losses) on sales of investment securities 276,000 398,000 1,630,000 234,000
Other 7,667,000 1,999,000 12,792,000 10,377,000
Total noninterest income 22,942,000 16,949,000 57,760,000 52,655,000
Noninterest expenses        
Salaries and employee benefits 33,827,000 32,093,000 97,121,000 91,234,000
Net occupancy 4,328,000 4,543,000 13,145,000 13,991,000
Furniture and equipment 2,161,000 2,139,000 6,474,000 6,482,000
Data processing 3,455,000 2,828,000 10,254,000 8,311,000
Marketing 649,000 641,000 2,141,000 2,507,000
Communication 430,000 527,000 1,345,000 1,485,000
Professional services 2,030,000 1,460,000 5,257,000 4,572,000
State intangible tax 721,000 639,000 2,163,000 1,917,000
FDIC assessments 1,051,000 1,048,000 3,001,000 3,292,000
Loss (gain) - other real estate owned 237,000 (112,000) 423,000 (259,000)
Other 5,554,000 5,299,000 15,720,000 17,706,000
Total noninterest expenses 54,443,000 51,105,000 157,044,000 151,238,000
Income before income taxes 36,025,000 32,975,000 104,860,000 96,543,000
Income tax expense 11,199,000 10,125,000 32,884,000 31,311,000
Net income $ 24,826,000 $ 22,850,000 $ 71,976,000 $ 65,232,000
Earnings per common share        
Basic $ 0.40 $ 0.37 $ 1.17 $ 1.07
Diluted 0.40 0.37 1.16 1.05
Cash dividends declared per share $ 0.17 $ 0.16 $ 0.51 $ 0.48
Average common shares outstanding - basic 61,577,619 61,280,283 61,507,160 61,170,845
Average common shares outstanding - diluted 62,189,637 62,086,067 62,185,874 61,962,961