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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans, including loans held for sale $ 41,781 $ 39,420 $ 124,009 $ 113,788
Interest and dividends on securities        
Taxable 3,086 2,422 9,338 7,314
Tax exempt 552 699 1,810 2,102
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 207 341 764 1,002
Interest on Federal Reserve Bank deposits 1,330 659 3,641 1,811
Other, including interest on federal funds sold 31 66 131 195
Total interest income 46,987 43,607 139,693 126,212
Interest expense:        
Interest on deposits 8,649 6,051 25,680 16,508
Interest on repurchase agreements and federal funds purchased 1,169 818 3,516 2,176
Interest on advances from Federal Home Loan Bank 0 3 39 7
Interest on long-term debt 650 599 1,929 1,646
Total interest expense 10,468 7,471 31,164 20,337
Net interest income 36,519 36,136 108,529 105,875
Provision for loan losses 1,253 1,543 3,006 4,418
Net interest income after provision for loan losses 35,266 34,593 105,523 101,457
Noninterest income:        
Service charges on deposit accounts 6,859 6,671 19,504 19,372
Gains on sales of loans, net 450 319 1,298 902
Trust and wealth management income 2,725 2,836 8,065 8,650
Loan related fees 622 1,022 1,635 3,085
Bank owned life insurance 590 555 1,837 3,112
Brokerage revenue 418 331 978 1,054
Securities gains (losses) 14 (2) 574 (288)
Other noninterest income 711 931 2,920 3,826
Total noninterest income 12,389 12,663 36,811 39,713
Noninterest expense:        
Officer salaries and employee benefits 2,812 3,475 9,483 9,909
Other salaries and employee benefits 12,208 11,789 37,583 36,396
Occupancy, net 2,031 2,019 5,894 6,178
Equipment 776 725 2,264 2,169
Data processing 1,987 1,695 5,539 4,965
Bank franchise tax 1,656 1,618 5,054 4,896
Legal fees 555 373 1,409 1,275
Professional fees 577 507 1,654 1,504
Advertising and marketing 894 744 2,560 2,352
FDIC insurance (280) 314 266 907
Other real estate owned provision and expense 2,476 1,094 4,271 3,348
Repossession expense 334 246 823 959
Amortization of limited partnership investments 745 609 2,688 1,825
Other noninterest expense 3,111 2,898 9,507 12,543
Total noninterest expense 29,882 28,106 88,995 89,226
Income before income taxes 17,773 19,150 53,339 51,944
Income taxes 2,504 3,044 4,807 8,425
Net income 15,269 16,106 48,532 43,519
Unrealized holding gains (losses) on securities available-for-sale:        
Unrealized holding gains (losses) arising during the period 2,538 (2,521) 15,184 (9,830)
Less: Reclassification adjustments for realized gains (losses) included in net income (2) (2) 4 149
Tax expense (benefit) 664 (529) 3,640 (2,096)
Other comprehensive income (loss), net of tax 1,876 (1,990) 11,540 (7,883)
Comprehensive income $ 17,145 $ 14,116 $ 60,072 $ 35,636
Basic earnings per share (in dollars per share) $ 0.86 $ 0.91 $ 2.74 $ 2.46
Diluted earnings per share (in dollars per share) $ 0.86 $ 0.91 $ 2.74 $ 2.46
Weighted average shares outstanding-basic (in shares) 17,726 17,691 17,720 17,683
Weighted average shares outstanding-diluted (in shares) 17,743 17,710 17,733 17,700