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UNAUDITED QUARTERLY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
UNAUDITED QUARTERLY FINANCIAL INFORMATION
28. UNAUDITED QUARTERLY FINANCIAL INFORMATION

As discussed in Note 1 - Summary of Significant Accounting Policies, on December 31, 2016, the Company elected to reclassify loan servicing fees, amortization of mortgage servicing rights, net gain on sale of residential mortgage loans, and unrealized gain (loss) on interest rate locks into a single line item called "mortgage banking income" in the Company’s consolidated statements of income. Loan servicing fees and net gain on sale of residential mortgage loans were previously recorded in its own line in the other operating income section of the consolidated statements of income, while unrealized gain (loss) on interest rate locks was included as a component of other operating income - other. The amortization of mortgage servicing rights was previously recorded as a component of amortization and impairment of other intangible assets in the other operating expense section of the Company’s consolidated statements of income. The components of mortgage banking income are disclosed in Note 15 - Mortgage Banking Income to the consolidated financial statements. The Company believes the reclassification provides a better presentation of revenues and costs of our mortgage banking activities. The following unaudited quarterly financial information has been adjusted retrospectively for the reclassification.
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full Year
 
(Dollars in thousands, except per share data)
2016
 

 
 

 
 

 
 

 
 

Total interest income
$
41,249

 
$
41,870

 
$
41,765

 
$
42,255

 
$
167,139

Total interest expense
2,038

 
2,261

 
2,339

 
2,551

 
9,189

Net interest income
39,211

 
39,609

 
39,426

 
39,704

 
157,950

Provision (credit) for loan and lease losses
(747
)
 
(1,382
)
 
(743
)
 
(2,645
)
 
(5,517
)
Net interest income after provision (credit) for loan and lease losses
39,958

 
40,991

 
40,169

 
42,349

 
163,467

Income before income taxes
17,248

 
18,468

 
17,858

 
18,646

 
72,220

Net income
11,181

 
12,137

 
11,466

 
12,208

 
46,992

Basic earnings per share
$
0.36

 
$
0.39

 
$
0.37

 
$
0.40

 
$
1.52

Diluted earnings per share
0.35

 
0.39

 
0.37

 
0.39

 
1.50



 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full Year
 
(Dollars in thousands, except per share data)
2015
 

 
 

 
 

 
 

 
 

Total interest income
$
37,781

 
$
38,896

 
$
39,442

 
$
39,916

 
$
156,035

Total interest expense
1,546

 
1,602

 
1,637

 
1,722

 
6,507

Net interest income
36,235

 
37,294

 
37,805

 
38,194

 
149,528

Provision (credit) for loan and lease losses
(2,747
)
 
(7,319
)
 
(3,647
)
 
(1,958
)
 
(15,671
)
Net interest income after provision (credit) for loan and lease losses
38,982

 
44,613

 
41,452

 
40,152

 
165,199

Investment securities gains (losses)
—

 
(1,866
)
 
—

 
—

 
(1,866
)
Income before income taxes
16,154

 
20,279

 
19,106

 
17,417

 
72,956

Net income
10,395

 
12,335

 
12,206

 
10,932

 
45,868

Basic earnings per share
$
0.30

 
$
0.39

 
$
0.39

 
$
0.35

 
$
1.42

Diluted earnings per share
0.29

 
0.39

 
0.38

 
0.34

 
1.40