XML 19 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income      
Interest and fees on loans $ 117,872 $ 133,641 $ 141,616
Interest on investment securities:      
Taxable interest income 6,296 3,461 3,410
Tax-exempt interest income 1,829 1,881 1,899
Other, principally overnight investments 658 849 586
Total interest income 126,655 139,832 147,511
Interest Expense      
Savings, checking and money market accounts 1,192 1,040 1,493
Time deposits of $100,000 or more 2,856 4,373 5,825
Other time deposits 1,271 1,659 2,642
Borrowings 1,589 1,151 1,025
Total interest expense 6,908 8,223 10,985
Net interest income 119,747 131,609 136,526
Provision for loan losses - non-covered 2,008 7,087 18,266
Provision (reversal) for loan losses - covered (2,788) 3,108 12,350
Total provision (reversal) for loan losses (780) 10,195 30,616
Net interest income after provision for loan losses 120,527 121,414 105,910
Noninterest Income      
Service charges on deposit accounts 11,648 13,706 12,752
Other service charges, commissions and fees 10,906 10,019 9,318
Fees from presold mortgage loans 2,532 2,726 2,907
Commissions from sales of insurance and financial products 2,580 2,733 2,132
Bank-owned life insurance income 1,665 1,311 1,120
Foreclosed property gains (losses) - non-covered (2,504) (1,924) 1,333
Foreclosed property gains (losses) - covered 1,018 (1,919) 367
FDIC indemnification asset income (expense), net (8,615) (12,842) (6,824)
Securities gains (losses), net (1) 786 532
Other gains (losses), net (465) (228) (148)
Total noninterest income 18,764 14,368 23,489
Noninterest Expenses      
Salaries 47,660 46,071 45,120
Employee benefits 9,134 9,086 9,644
Total personnel expense 56,794 55,157 54,764
Occupancy expense 7,358 7,362 7,123
Equipment related expenses 3,749 3,931 4,364
Intangibles amortization 722 777 860
Other operating expenses 29,508 30,024 29,508
Total noninterest expenses 98,131 97,251 96,619
Income before income taxes 41,160 38,531 32,780
Income tax expense 14,126 13,535 12,081
Net income 27,034 24,996 20,699
Preferred stock dividends (603) (868) (895)
Net income available to common shareholders $ 26,431 $ 24,128 $ 19,804
Earnings per common share: Basic $ 1.34 $ 1.22 $ 1.01
Earnings per common share: Diluted 1.30 1.19 0.98
Dividends declared per common share $ 0.32 $ 0.32 $ 0.32
Weighted average common shares outstanding: Basic 19,767,470 19,699,801 19,675,597
Weighted average common shares outstanding: Diluted 20,499,727 20,434,007 20,404,303