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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Interest and fees on loans $ 257,316 $ 218,530 $ 185,344
Interest and dividends on investments:      
Taxable interest 31,264 28,608 27,919
Interest exempt from federal income taxes 1,646 1,622 1,498
Dividends 1,859 1,669 2,826
Interest on bank deposits 172 121 27
Total interest income 292,257 250,550 217,614
Interest Expense      
Interest on deposits 21,713 9,415 7,523
Interest on short-term borrowings 10,741 8,799 8,076
Interest on subordinated debentures 6,987 3,000 2,635
Interest on other long-term debt 300 323 345
Interest Expense, Lessee, Assets under Capital Lease 294 233 0
Total interest expense 40,035 21,770 18,579
Net Interest Income 252,222 228,780 199,035
Provision for credit losses 12,531 5,087 18,480
Net Interest Income after Provision for Credit Losses 239,691 223,693 180,555
Noninterest Income      
Net securities gains 8,102 5,040 617
Trust income 7,901 7,098 5,366
Service charges on deposit accounts 18,175 18,579 15,869
Insurance and retail brokerage commissions 7,426 8,807 7,964
Income from bank owned life insurance 6,686 5,699 5,381
Gain on sale of mortgage loans 5,436 5,366 4,086
Gain on sale of other loans and assets (5,273) (1,753) (1,411)
Card related interchange income 20,187 18,780 14,955
Derivative, Gain (Loss) on Derivative, Net 787 (473) 219
Swap Fee Income 1,874 2,005 2,359
Other income 6,790 7,677 6,372
Total noninterest income 88,637 80,331 64,599
Noninterest Expense      
Salaries and employee benefits 105,115 103,714 87,125
Net occupancy 17,219 15,648 13,150
Furniture and equipment 14,247 13,508 11,624
Data processing 10,470 9,090 7,429
Advertising and promotion 3,956 3,786 2,601
Pennsylvania shares tax 4,875 4,209 3,825
Intangible amortization 3,217 3,081 547
Collection and repossession 2,762 1,905 2,250
Other professional fees and services 4,473 4,761 3,915
FDIC insurance 2,007 3,210 3,903
Asset Impairment Charges 1,080 1,834 1,155
Litigation and operational losses 1,162 2,050 1,420
Merger and acquisition related 1,637 10,213 3,173
Other operating expenses 23,336 23,289 17,808
Total noninterest expense 195,556 200,298 159,925
Income before income taxes 132,772 103,726 85,229
Income tax provision 25,274 48,561 25,639
Net Income $ 107,498 $ 55,165 $ 59,590
Average Shares Outstanding (in shares) 99,036,163 95,220,056 88,851,573
Average Shares Outstanding Assuming Dilution (in shares) 99,223,513 95,331,037 88,851,573
Per Share Data:      
Basic Earnings Per Share (in dollars per share) $ 1.09 $ 0.58 $ 0.67
Diluted Earnings Per Share (in dollars per share) 1.08 0.58 0.67
Cash Dividends Declared per Common Share (in dollars per share) $ 0.35 $ 0.32 $ 0.28