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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Interest and fees on loans $ 218,530 $ 185,344 $ 172,819
Interest and dividends on investments:      
Taxable interest 28,608 27,919 26,807
Interest exempt from federal income taxes 1,622 1,498 997
Dividends 1,669 2,826 3,434
Interest on bank deposits 121 27 14
Total interest income 250,550 217,614 204,071
Interest Expense      
Interest on deposits 9,415 7,523 7,474
Interest on short-term borrowings 8,799 8,076 5,018
Interest on subordinated debentures 3,000 2,635 2,329
Interest on other long-term debt 323 345 774
Interest Expense, Lessee, Assets under Capital Lease 233 0 0
Total interest expense 21,770 18,579 15,595
Net Interest Income 228,780 199,035 188,476
Provision for credit losses 5,087 18,480 14,948
Net Interest Income after Provision for Credit Losses 223,693 180,555 173,528
Noninterest Income      
Net securities gains (losses) 5,040 617 (153)
Trust income 7,098 5,366 5,834
Service charges on deposit accounts 18,579 15,869 15,319
Insurance and retail brokerage commissions 8,807 7,964 8,522
Income from bank owned life insurance 5,699 5,381 5,412
Gain on sale of mortgage loans 5,366 4,086 2,421
Card related interchange income 18,780 14,955 14,501
Derivative, Gain (Loss) on Derivative, Net (473) 219 (274)
Swap Fee Income 2,005 2,359 847
Other income 7,677 6,372 7,041
Total noninterest income 80,331 64,599 61,325
Noninterest Expense      
Salaries and employee benefits 103,714 87,125 89,161
Net occupancy 15,648 13,150 13,712
Furniture and equipment 13,508 11,624 10,737
Data processing 9,090 7,429 6,123
Advertising and promotion 3,786 2,601 2,638
Pennsylvania shares tax 4,209 3,825 4,693
Intangible amortization 3,081 547 605
Collection and repossession 1,905 2,250 2,826
Other professional fees and services 4,761 3,915 4,034
FDIC insurance 3,210 3,903 4,014
Gain (Loss) on Sale of Assets and Asset Impairment Charges 1,834 1,155 3,112
Loss on sale or write-down of assets (1,753) (1,411) (1,855)
Litigation and operational losses 2,050 1,420 2,119
Merger and acquisition related 10,213 3,173 922
Other operating expenses 23,289 17,808 19,178
Total noninterest expense 200,298 159,925 163,874
Income before income taxes 103,726 85,229 70,979
Income tax provision 48,561 25,639 20,836
Net Income $ 55,165 $ 59,590 $ 50,143
Average Shares Outstanding (in shares) 95,220,056 88,851,573 89,356,767
Average Shares Outstanding Assuming Dilution (in shares) 95,331,037 88,851,573 89,356,767
Per Share Data:      
Basic Earnings Per Share (in dollars per share) $ 0.58 $ 0.67 $ 0.56
Diluted Earnings Per Share (in dollars per share) 0.58 $ 0.67 0.56
Cash Dividends Declared per Common Share (in dollars per share) $ 0.32   $ 0.28