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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Loans, including fees $ 56,090 $ 51,647 $ 164,488 $ 152,888
Securities:        
Taxable 1,763 1,242 5,430 3,913
Tax-exempt 187 248 552 746
Federal funds sold 6 1 7 1
Interest-bearing deposits with banks 4,972 1,968 12,837 5,622
Total interest income 63,018 55,106 183,314 163,170
INTEREST EXPENSE        
Deposits 5,247 3,149 13,272 9,321
Short-term borrowings 6 2 13 5
Junior subordinated debentures 532 524 1,589 1,569
Total interest expense 5,785 3,675 14,874 10,895
Net interest income 57,233 51,431 168,440 152,275
Provision for loan losses 3,276 2,940 5,189 9,847
Net interest income after provision for loan losses 53,957 48,491 163,251 142,428
NONINTEREST INCOME        
Trust revenue 3,083 2,685 8,929 7,752
Service charges on deposits 16,633 16,033 48,859 46,228
Securities transactions (includes accumulated other comprehensive income reclassifications of $0, $(85), $(142) and $15, respectively) (22) (146) (352) (111)
Income from sales of loans 732 863 2,180 2,120
Insurance commissions 4,603 4,372 12,894 11,762
Cash management 2,804 2,853 8,357 7,903
Gain/(loss) on sale of other assets 29 2 (20) 61
Other 1,307 1,265 4,390 3,886
Total noninterest income 29,169 27,927 85,237 79,601
NONINTEREST EXPENSE        
Salaries and employee benefits 31,471 30,591 93,672 89,956
Occupancy, net 3,298 3,217 9,264 9,115
Depreciation 2,493 2,556 7,305 7,653
Amortization of intangible assets 547 560 1,641 1,721
Data processing services 1,110 1,178 3,402 3,567
Net expense/(income) from other real estate owned 68 162 320 (944)
Marketing and business promotion 1,790 1,779 5,564 5,258
Deposit insurance 553 641 1,683 2,335
Other 9,270 8,520 26,290 24,554
Total noninterest expense 50,600 49,204 149,141 143,215
Income before taxes 32,526 27,214 99,347 78,814
Income tax expense 10,816 9,232 32,405 26,760
Net income $ 21,710 $ 17,982 $ 66,942 $ 52,054
NET INCOME PER COMMON SHARE        
Basic $ 0.68 $ 0.58 $ 2.11 $ 1.67
Diluted $ 0.67 $ 0.57 $ 2.06 $ 1.64
OTHER COMPREHENSIVE INCOME        
Unrealized (losses)/gains on securities, net of tax of $178, $423, $11 and $(296), respectively $ (282) $ (670) $ (17) $ 467
Reclassification adjustment for losses/(gains) included in net income, net of tax of $0, $(33), $(55) and $6, respectively   52 87 (9)
Other comprehensive (losses)/gains, net of tax of $178, $390, $(44) and $(290), respectively (282) (618) 70 458
Comprehensive income $ 21,428 $ 17,364 $ 67,012 $ 52,512