XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Interest and fees on loans $ 64,922 $ 57,179
Interest and dividends on investment securities 2,588 2,139
Interest on balances with other banks and short-term investments 284 138
Interest on federal funds sold 13 9
Total interest income 67,807 59,465
Interest Expense    
Interest on deposits 4,143 3,242
Interest on customer repurchase agreements $ 37 27
Interest on short-term borrowings 54
Interest on long-term borrowings $ 1,037 1,411
Total interest expense 5,217 4,734
Net Interest Income 62,590 54,731
Provision for Credit Losses 3,043 3,310
Net Interest Income After Provision For Credit Losses 59,547 51,421
Noninterest Income    
Service charges on deposits 1,448 1,333
Gain on sale of loans 1,463 3,587
Gain on sale of investment securities $ 624 2,164
Loss on early extinguishment of debt (1,130)
Increase in the cash surrender value of bank owned life insurance $ 390 390
Other income 2,365 1,460
Total noninterest income 6,290 7,804
Noninterest Expense    
Salaries and employee benefits 16,119 15,706
Premises and equipment expenses 3,826 4,010
Marketing and advertising 774 685
Data processing 2,014 1,784
Legal, accounting and professional fees 1,063 982
FDIC insurance $ 809 771
Merger expenses 111
Other expenses $ 3,497 4,024
Total noninterest expense 28,102 28,073
Income Before Income Tax Expense 37,735 31,152
Income Tax Expense 14,413 11,734
Net Income $ 23,322 19,418
Preferred Stock Dividends 180
Net Income Available to Common Shareholders $ 23,322 $ 19,238
Earnings Per Common Share    
Basic (in dollars per share) $ 0.70 $ 0.62
Diluted (in dollars per share) $ 0.68 $ 0.61