XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
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 and leases $ 144,224 $ 132,028 $ 118,887
Interest and dividends on investment securities:      
Taxable investment securities 33,933 30,848 32,969
Tax-exempt investment securities 3,874 3,975 4,022
Dividend income on investment securities 49 42 36
Interest on deposits in other financial institutions 356 67 35
Dividend income on Federal Home Loan Bank stock 126 179 86
Total interest income 182,562 167,139 156,035
Interest on deposits:      
Demand 641 489 399
Savings and money market 1,099 1,043 916
Time 9,457 4,074 2,312
Interest on short-term borrowings 183 578 254
Interest on long-term debt 3,479 3,005 2,626
Total interest expense 14,859 9,189 6,507
Net interest income 167,703 157,950 149,528
Provision (credit) for loan and lease losses (2,674) (5,517) (15,671)
Net interest income after provision for loan and lease losses 170,377 163,467 165,199
Other operating income:      
Mortgage banking income 6,962 8,069 7,254
Service charges on deposit accounts 11,518 11,449 11,461
Other service charges and fees 8,468 7,891 7,829
Income from fiduciary activities 3,674 3,435 3,343
Income from bank-owned life insurance 3,388 2,685 2,034
Net gain on sales of foreclosed assets 205 607 568
Gain on sale of premises and equipment 0 3,537 0
Equity in earnings of unconsolidated subsidiaries 602 723 578
Fees on foreign exchange 529 519 450
Loan placement fees 536 494 720
Net losses on sales of investment securities (1,410) 0 (1,866)
Other 2,024 2,907 2,428
Total other operating income 36,496 42,316 34,799
Other operating expense:      
Salaries and employee benefits 72,286 73,500 66,429
Net occupancy 13,571 14,065 14,432
Legal and professional services 7,724 6,856 7,340
Computer software expense 9,192 9,475 8,831
Amortization of core deposit premium 4,962 7,741  
Communication expense 3,659 3,694 3,483
Equipment 3,785 3,399 3,475
Advertising expense 2,408 2,401 2,550
Foreclosed asset expense 151 152 486
Other 16,367 17,346 17,342
Total other operating expense 131,817 133,563 127,042
Income before income taxes 75,056 72,220 72,956
Income tax expense 33,852 25,228 27,088
Net income $ 41,204 $ 46,992 $ 45,868
Per common share data:      
Basic earnings per share (in dollars per share) $ 1.36 $ 1.52 $ 1.42
Diluted earnings per share (in dollars per share) 1.34 1.50 1.40
Cash dividends declared (in dollars per share) $ 0.70 $ 0.6 $ 0.82
Core Deposit Premium      
Other operating expense:      
Amortization of core deposit premium $ 2,674 $ 2,675 $ 2,674