Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and dividend income:        
Interest and fees on loans $ 62,651 $ 62,340 $ 185,706 $ 184,996
Interest on federal funds sold     1 1
Interest on deposits in other banks 23 21 64 41
Interest and dividends on securities:        
Taxable 3,954 3,883 11,621 11,391
Nontaxable 3,372 3,347 10,062 10,005
Total interest and dividend income 70,000 69,591 207,454 206,434
Interest expense:        
Interest on deposits 4,204 3,027 11,204 7,833
Interest on federal funds purchased 1 3 6 49
Interest on short-term borrowings 223 108 728 373
Interest on long-term borrowings 2,128 1,974 6,287 6,226
Total interest expense 6,556 5,112 18,225 14,481
Net interest income 63,444 64,479 189,229 191,953
Provision for loan losses 2,062 1,800 7,561 3,300
Net interest income after provision for loan losses 61,382 62,679 181,668 188,653
Noninterest income:        
Service charges on deposit accounts 4,965 4,458 13,800 13,281
Other service charges and fees 3,983 3,773 11,618 11,281
Fiduciary and asset management fees 2,304 2,120 6,835 6,753
Gains on sales of mortgage loans, net of commissions 2,630 2,598 7,582 7,925
Gains on securities transactions, net 75 995 672 1,449
Other-than-temporary impairment losses (300)   (300)  
Bank owned life insurance income 1,161 1,195 3,431 3,467
Other operating income 1,907 1,179 4,352 2,229
Total noninterest income 16,725 16,318 47,990 46,385
Noninterest expenses:        
Salaries and benefits 25,853 25,636 78,905 82,466
Occupancy expenses 4,915 4,902 15,220 15,184
Furniture and equipment expenses 3,015 3,050 8,818 8,555
Printing, postage, and supplies 1,191 1,290 3,970 3,682
Communications expense 1,159 1,291 3,481 3,740
Technology and data processing 3,549 3,280 10,020 9,145
Professional services 1,991 1,400 5,008 3,897
Marketing and advertising expense 1,781 2,064 5,841 4,821
FDIC assessment premiums and other insurance 1,351 1,577 4,030 4,563
Other taxes 1,569 1,460 4,674 4,352
Loan-related expenses 935 814 2,306 1,987
OREO and credit-related expenses 1,263 6,559 4,415 10,254
Amortization of intangible assets 2,074 2,391 6,435 7,462
Acquisition and conversion costs   1,695   19,524
Other expenses 2,679 2,004 9,282 6,033
Total noninterest expenses 53,325 59,413 162,405 185,665
Income before income taxes 24,782 19,584 67,253 49,373
Income tax expense 6,566 4,767 17,989 12,174
Net income $ 18,216 $ 14,817 $ 49,264 $ 37,199
Earnings per common share:        
Basic $ 0.40 $ 0.32 $ 1.09 $ 0.80
Diluted 0.40 0.32 1.09 0.80
Dividends declared per common share $ 0.17 $ 0.15 $ 0.49 $ 0.43
Weighted average number of shares outstanding:        
Basic 45,087,409 45,649,309 45,107,290 46,268,996
Diluted 45,171,610 45,738,554 45,189,578 46,367,156