Income Statement (rptd.)


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 2014 Y2015 Y2016 Y2017 Y
Source Document12/31/201612/31/201712/31/201712/31/2017
(in thousands)    
Interest income 
Loans and leases, including fees 181,619185,663192,992214,126
Investment securities 
Investment securities available-for-sale 68,21463,19047,70249,778
Investment securities held-to-maturity 1649,01820,22721,015
Total investment income 68,37872,20867,92970,793
Dividends from FHLB stock 2,1302,7742,2241,375
Interest-earning deposits with other institutions and federal funds sold 7768681,905932
Total interest income 252,903261,513265,050287,226
Interest expense 
Deposits 4,9775,2665,9576,044
Borrowings and customer repurchase agreements 10,9912,8671,4781,579
Junior subordinated debentures 421438541673
Total interest expense 16,3898,5717,9768,296
Net interest income before recapture of provision for loan losses 236,514252,942257,074278,930
Recapture of provision for loan losses (16,100)(5,600)(6,400)(8,500)
Net interest income after recapture of provision for loan losses 252,614258,542263,474287,430
Noninterest income 
Service charges on deposit accounts 15,77815,56715,06615,809
Trust and investment services 8,1188,6429,5959,845
Bankcard services 3,3863,0942,9213,406
BOLI income 2,4282,5612,6123,420
Gain on sale of loans 6,0017321,1010
Decrease in FDIC loss sharing asset, net (3,591)NANANA
Other 4,2922,8874,2579,638
Total noninterest income 36,41233,48335,55242,118
Noninterest expense 
Salaries and employee benefits 76,64478,61882,63087,065
Occupancy and equipment 15,26414,89215,64116,756
Professional services 5,4605,7575,0545,940
Software licenses and maintenance 5,4025,3685,4656,385
Marketing and promotion 5,1955,0155,0274,839
Recapture of provision for unfunded loan commitments (1,250)(500)(450)(400)
Debt termination expense 013,870160
Acquisition related expenses 1,9734751,8972,251
Impairment loss on asset held-for-sale 002,5580
Legal settlement 001,5000
Other 17,54117,16417,40217,917
Total noninterest expense 126,229140,659136,740140,753
Earnings before income taxes 162,797151,366162,286188,795
Income taxes 58,77652,22160,85784,384
Net earnings 104,02199,145101,429104,411
Other comprehensive loss 
Unrealized loss on securities arising during the period, before tax 69,661(17,550)(17,966)(14,629)
Less - Reclassification adjustment for net (gain) loss on securities included in net income 022(548)(402)
Other comprehensive loss, before tax 69,661(17,528)(18,514)(15,031)
Less - Income tax benefit related to items of other comprehensive loss (29,256)7,3627,7766,312
Other comprehensive loss, net of tax 40,405(10,166)(10,738)(8,719)
Comprehensive income 144,42688,97990,69195,692
Basic earnings per common share 0.980.930.940.95
Diluted earnings per common share 0.980.930.940.95
Cash dividends declared per common share 0.40.480.480.54

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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