XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME    
Interest and fees on loans $ 29,573 $ 29,441
Interest on investment securities:    
Taxable interest income 1,823 1,359
Tax-exempt interest income 445 463
Other, principally overnight investments 222 195
Total interest income 32,063 31,458
INTEREST EXPENSE    
Savings, checking and money market accounts 394 269
Time deposits of $100,000 or more 652 847
Other time deposits 274 342
Borrowings 548 297
Total interest expense 1,868 1,755
Net interest income 30,195 29,703
Provision for loan losses - non-covered 1,621 104
Provision (reversal) for loan losses - covered (1,363) (268)
Total provision (reversal) for loan losses 258 (164)
Net interest income after provision for loan losses 29,937 29,867
NONINTEREST INCOME    
Service charges on deposit accounts 2,685 2,892
Other service charges, commissions and fees 2,830 2,542
Fees from presold mortgage loans 371 808
Commissions from sales of insurance and financial products 938 561
Bank-owned life insurance income 508 371
Foreclosed property gains (losses) - non-covered (237) (494)
Foreclosed property gains (losses) - covered 447 237
FDIC indemnification asset income (expense), net (2,366) $ (2,392)
Securities gains (losses) 3
Other gains (losses) (177) $ 4
Total noninterest income 5,002 4,529
NONINTEREST EXPENSES    
Salaries 11,475 11,497
Employee benefits 2,706 2,183
Total personnel expense 14,181 13,680
Net occupancy expense 1,943 1,869
Equipment related expenses 870 956
Intangibles amortization 186 180
Other operating expenses 7,593 7,029
Total noninterest expenses 24,773 23,714
Income before income taxes 10,166 10,682
Income tax expense 3,329 3,694
Net income 6,837 6,988
Preferred stock dividends (58) (217)
Net income available to common shareholders $ 6,779 $ 6,771
Earnings per common share: Basic $ 0.34 $ 0.34
Earnings per common share: Diluted 0.33 0.33
Dividends declared per common share $ 0.08 $ 0.08
Weighted average common shares outstanding: Basic 19,783,747 19,721,992
Weighted average common shares outstanding: Diluted 20,553,858 20,454,614