XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Loans, including fees $ 52,019 $ 48,933 $ 103,177 $ 88,859
Investment Securities:        
Taxable 2,580 2,394 5,134 4,777
Tax-exempt 915 998 1,857 2,018
Dividends 336 286 702 872
Total Interest Income 55,850 52,611 110,870 96,526
INTEREST EXPENSE        
Deposits 5,029 3,051 9,284 6,058
Borrowings and junior subordinated debt securities 1,113 749 2,240 1,398
Total Interest Expense 6,142 3,800 11,524 7,456
NET INTEREST INCOME 49,708 48,811 99,346 89,070
Provision for loan losses 4,848 2,059 9,863 3,266
Net Interest Income After Provision for Loan Losses 44,860 46,752 89,483 85,804
NONINTEREST INCOME        
Securities (losses) gains, net 0 (34) 0 (34)
Service charges on deposit accounts 3,065 2,877 6,064 5,459
Debit and credit card fees 2,869 3,020 5,655 5,736
Wealth management fees 2,630 2,930 5,382 5,853
Insurance fees 1,205 1,391 2,979 3,041
Mortgage banking 578 782 1,107 1,308
Gain on sale of credit card portfolio 0 0 2,066 0
Other 2,101 2,417 5,012 4,104
Total Noninterest Income 12,448 13,383 28,265 25,467
NONINTEREST EXPENSE        
Salaries and employee benefits 17,626 17,455 38,528 34,235
Data processing 2,723 2,555 4,835 4,876
Net occupancy 2,688 2,682 5,638 5,270
Furniture and equipment 1,719 1,582 3,648 2,808
Marketing 1,075 1,193 1,976 2,009
Professional services and legal 1,047 801 1,994 1,324
FDIC insurance 994 808 1,934 1,503
Other taxes 896 1,159 1,995 2,002
Merger related expenses 0 866 0 3,167
Other 5,985 6,348 12,621 11,876
Total Noninterest Expense 34,753 35,449 73,169 69,070
Income Before Taxes 22,555 24,686 44,579 42,201
Provision for income taxes 5,496 6,498 11,427 11,178
Net Income $ 17,059 $ 18,188 $ 33,152 $ 31,023
Earnings per share—basic (in dollars per share) $ 0.49 $ 0.52 $ 0.96 $ 0.94
Earnings per share—diluted (in dollars per share) 0.49 0.52 0.95 0.94
Dividends declared per share (in dollars per share) $ 0.19 $ 0.18 $ 0.38 $ 0.36
Comprehensive Income $ 20,427 $ 14,695 $ 44,861 $ 31,335