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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income        
Interest and fees on loans $ 56,778 $ 54,557 $ 166,683 $ 160,261
Taxable interest and dividends on securities 5,034 5,455 15,500 14,934
Nontaxable interest and dividends on securities 28 31 89 95
Interest on loans held for sale 81 64 170 173
Interest on federal funds sold and short-term investments 387 121 767 212
Total interest and dividend income 62,308 60,228 183,209 175,675
Interest expense        
Interest on deposits 2,733 2,951 8,339 8,636
Interest on borrowings 1,907 2,232 5,778 6,997
Total interest expense 4,640 5,183 14,117 15,633
Net interest income 57,668 55,045 169,092 160,042
Provision for loan losses 950 800 2,075 1,000
Net interest income after provision for loan losses 56,718 54,245 167,017 159,042
Noninterest income        
Deposit account fees 4,622 4,754 13,563 13,385
Interchange and ATM fees 4,190 3,949 12,050 10,817
Investment management 5,446 4,981 16,183 15,616
Mortgage banking income 1,963 1,480 4,458 3,832
Available-For-Sale- Securities - Equity - Gross Realized Gains 0 0 5 19
Available-For-Sale Securities - Fixed Income Gross Realized Gains 0 0 0 798
Increase in cash surrender value of life insurance policies 984 958 2,980 2,685
Loan level derivative income 810 968 4,627 2,816
Other noninterest income 2,401 2,157 6,800 6,096
Total noninterest income 20,416 19,247 60,666 56,064
Noninterest expenses        
Salaries and employee benefits 27,395 26,685 81,561 78,291
Occupancy and equipment expenses 5,433 5,443 16,927 17,509
Data processing & facilities management 1,400 1,112 3,831 3,462
FDIC assessment 725 1,020 2,655 2,993
Advertising expense 1,654 1,414 4,134 4,101
Consulting expense 770 867 2,235 2,451
Legal Fees 321 746 1,132 1,462
Loss on extinguishment of debt 0 0 437 122
Available-For-Sale Securities - Equity Gross Realized Losses 0 0 32 8
Available-for-Sale Securities - Fixed Income Gross Realized Losses 0 0 0 1,124
Business Combination, Acquisition Related Costs 151 0 691 10,501
Other noninterest expenses 9,008 9,744 26,850 28,628
Total noninterest expenses 46,857 47,031 140,485 150,652
Income before income taxes 30,277 26,461 87,198 64,454
Provision for income taxes 9,793 7,867 27,729 18,949
Net income $ 20,484 $ 18,594 $ 59,469 $ 45,505
Basic earnings per share (in dollars per share) $ 0.78 $ 0.71 $ 2.26 $ 1.77
Diluted earnings per share (in dollars per share) $ 0.78 $ 0.71 $ 2.26 $ 1.76
Weighted average common shares (basic) (in shares) 26,324,316 26,200,621 26,301,340 25,774,571
Common shares equivalents (in shares) 53,072 63,493 48,354 72,921
Weighted average common shares (diluted) (in shares) 26,377,388 26,264,114 26,349,694 25,847,492
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 59,469 $ 45,505
Cash dividends declared per common share (in dollars per share) $ 0.29 $ 0.26 $ 0.87 $ 0.78