XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Loans and leases $ 53,691 $ 44,884
Investment securities, taxable 4,568 3,514
Investment securities, tax-exempt 571 683
Other 408 291
Total interest income 59,238 49,372
Interest expense:    
Deposits 6,562 3,734
Short-term borrowings 776 227
Subordinated notes 883 1,055
Long-term debt and mandatorily redeemable securities 485 629
Total interest expense 8,706 5,645
Net interest income 50,532 43,727
Provision for loan and lease losses 3,786 1,000
Net interest income after provision for loan and lease losses 46,746 42,727
Noninterest income:    
Trust and wealth advisory 5,188 5,001
Service charges on deposit accounts 2,228 2,239
Debit card 3,103 2,750
Mortgage banking 884 947
Insurance commissions 1,958 1,767
Equipment rental 7,755 6,832
(Losses) gains on investment securities available-for-sale (345) 1,285
Other 3,036 2,486
Total noninterest income 23,807 23,307
Noninterest expense:    
Salaries and employee benefits 22,531 21,345
Net occupancy 2,866 2,594
Furniture and equipment 5,455 4,793
Depreciation - leased equipment 6,428 5,680
Professional fees 2,017 1,077
Supplies and communication 1,553 1,250
FDIC and other insurance 698 623
Business development and marketing 1,533 1,652
Loan and lease collection and repossession 951 636
Other 1,525 1,469
Total noninterest expense 45,557 41,119
Income before income taxes 24,996 24,915
Income tax expense 5,880 8,709
Net income $ 19,116 $ 16,206
Per common share:    
Basic net income per common share (in dollars per share) $ 0.73 $ 0.62
Diluted net income per common share (in dollars per share) 0.73 0.62
Cash dividends (in dollars per share) $ 0.22 $ 0.18
Basic weighted average common shares outstanding (in shares) 25,950,386 25,903,397
Diluted weighted average common shares outstanding (in shares) 25,950,386 25,903,397