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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Interest and fees on loans $ 121,322 $ 117,872 $ 133,641
Interest on investment securities:      
Taxable interest income 7,034 6,296 3,461
Tax-exempt interest income 1,748 1,829 1,881
Other, principally overnight investments 883 658 849
Total interest income 130,987 126,655 139,832
Interest Expense      
Savings, checking and money market accounts 1,620 1,192 1,040
Time deposits 2,654 2,856 4,373
Other time deposits 896 1,271 1,659
Borrowings 2,437 1,589 1,151
Total interest expense 7,607 6,908 8,223
Net interest income 123,380 119,747 131,609
Provision for loan losses - non-covered 2,109 2,008 7,087
Provision (reversal) for loan losses - covered (2,132) (2,788) 3,108
Total provision (reversal) for loan losses (23) (780) 10,195
Net interest income after provision for loan losses 123,403 120,527 121,414
Noninterest Income      
Service charges on deposit accounts 10,571 11,648 13,706
Other service charges, commissions and fees 11,913 10,906 10,019
Fees from presold mortgage loans 2,033 2,532 2,726
Commissions from sales of insurance and financial products 3,790 2,580 2,733
SBA consulting fees 3,199
SBA loan sale gains 1,433
Bank-owned life insurance income 2,052 1,665 1,311
Foreclosed property losses, net (625) (1,486) (3,843)
FDIC indemnification asset income (expense), net (10,255) (8,615) (12,842)
Securities gains (losses), net 3 (1) 786
Other gains (losses), net 1,437 (465) (228)
Total noninterest income 25,551 18,764 14,368
Noninterest Expenses      
Salaries 51,252 47,660 46,071
Employee benefits 10,812 9,134 9,086
Total personnel expense 62,064 56,794 55,157
Occupancy expense 7,838 7,358 7,362
Equipment related expenses 3,608 3,749 3,931
Merger and acquisition expenses 1,431
Intangibles amortization 1,211 722 777
Other operating expenses 30,669 29,508 30,024
Total noninterest expenses 106,821 98,131 97,251
Income before income taxes 42,133 41,160 38,531
Income tax expense 14,624 14,126 13,535
Net income 27,509 27,034 24,996
Preferred stock dividends (175) (603) (868)
Net income available to common shareholders $ 27,334 $ 26,431 $ 24,128
Earnings per common share: Basic $ 1.37 $ 1.34 $ 1.22
Earnings per common share: Diluted 1.33 1.30 1.19
Dividends declared per common share $ 0.32 $ 0.32 $ 0.32
Weighted average common shares outstanding: Basic 19,964,727 19,767,470 19,699,801
Weighted average common shares outstanding: Diluted 20,732,917 20,499,727 20,434,007