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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Interest and fees on loans, including loans held for sale $ 37,791 $ 34,880 $ 74,368 $ 68,355
Interest and dividends on securities        
Taxable 2,422 2,230 4,892 4,260
Tax exempt 706 721 1,403 1,470
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 328 283 661 559
Interest on Federal Reserve Bank deposits 713 239 1,152 455
Other, including interest on federal funds sold 65 58 129 80
Total interest income 42,025 38,411 82,605 75,179
Interest expense:        
Interest on deposits 5,585 3,181 10,457 6,122
Interest on repurchase agreements 723 411 1,358 749
Interest on advances from Federal Home Loan Bank 2 165 4 168
Interest on long-term debt 567 414 1,047 810
Total interest expense 6,877 4,171 12,866 7,849
Net interest income 35,148 34,240 69,739 67,330
Provision for loan losses 1,929 2,764 2,875 3,993
Net interest income after provision for loan losses 33,219 31,476 66,864 63,337
Noninterest income:        
Service charges on deposit accounts 6,480 6,199 12,701 12,159
Gains on sales of loans, net 304 251 583 507
Trust and wealth management income 2,856 2,649 5,814 5,235
Loan related fees 919 773 2,063 1,778
Bank owned life insurance 793 526 2,557 1,050
Brokerage revenue 440 423 723 735
Securities gains (losses) 2 18 (286) 10
Other noninterest income 1,946 1,472 2,895 2,416
Total noninterest income 13,740 12,311 27,050 23,890
Noninterest expense:        
Officer salaries and employee benefits 3,220 2,663 6,434 5,927
Other salaries and employee benefits 12,202 11,381 24,607 23,041
Occupancy, net 2,043 1,972 4,159 3,999
Equipment 727 748 1,444 1,534
Data processing 1,634 1,757 3,270 3,546
Bank franchise tax 1,577 1,521 3,278 3,041
Legal fees 428 385 902 827
Professional fees 495 551 997 1,047
Advertising and marketing 876 708 1,608 1,393
FDIC insurance 279 315 593 607
Other real estate owned provision and expense 1,315 1,827 2,254 2,743
Repossession expense 304 227 713 428
Amortization of limited partnership investments 716 604 1,216 1,209
Other noninterest expense 6,623 2,907 9,645 5,868
Total noninterest expense 32,439 27,566 61,120 55,210
Income before income taxes 14,520 16,221 32,794 32,017
Income taxes 2,921 4,680 5,381 9,199
Net income 11,599 11,541 27,413 22,818
Unrealized holding gains (losses) on securities available-for-sale:        
Unrealized holding gains (losses) arising during the period (1,811) 1,630 (7,309) 2,745
Less: Reclassification adjustments for realized gains included in net income 2 18 151 10
Tax expense (benefit) (381) 564 (1,567) 957
Unrealized holding gains (losses) on securities available-for-sale, net of tax (1,432) 1,048 (5,893) 1,778
Implementation of ASU 2016-01 0 0 507 0
Other comprehensive income (loss), net of tax (1,432) 1,048 (5,386) 1,778
Comprehensive income $ 10,167 $ 12,589 $ 22,027 $ 24,596
Basic earnings per share (in dollars per share) $ 0.66 $ 0.65 $ 1.55 $ 1.29
Diluted earnings per share (in dollars per share) $ 0.66 $ 0.65 $ 1.55 $ 1.29
Weighted average shares outstanding-basic (in shares) 17,687 17,626 17,679 17,621
Weighted average shares outstanding-diluted (in shares) 17,703 17,645 17,695 17,641
Dividends declared per share (in dollars per share) $ 0.33 $ 0.32 $ 0.66 $ 0.64