XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Interest and fees on loans and leases $ 31,793 $ 28,602
Interest and dividends on investment securities:    
Taxable interest 8,396 8,150
Tax-exempt interest 996 998
Dividends 10 9
Interest on deposits in other banks 17 11
Dividends on Federal Home Loan Bank stock 37 11
Total interest income 41,249 37,781
Interest on deposits:    
Demand 111 95
Savings and money market 263 223
Time 898 548
Interest on short-term borrowings 50 43
Interest on long-term debt 716 637
Total interest expense 2,038 1,546
Net interest income 39,211 36,235
Provision (credit) for loan and lease losses (747) (2,747)
Net interest income after credit for loan and lease losses 39,958 38,982
Other operating income:    
Service charges on deposit accounts 1,964 1,968
Loan servicing fees 1,362 1,423
Other service charges and fees 2,767 3,105
Income from fiduciary activities 840 834
Equity in earnings of unconsolidated subsidiaries 90 96
Fees on foreign exchange 148 128
Income from bank-owned life insurance 625 674
Loan placement fees 46 147
Net gain on sales of residential loans 1,466 1,594
Net gain on sales of foreclosed assets 308 33
Other 549 1,188
Total other operating income 10,165 11,190
Other operating expense:    
Salaries and employee benefits 16,937 17,165
Net occupancy 3,314 3,501
Equipment 811 909
Amortization of other intangible assets 2,178 2,105
Communication expense 959 824
Legal and professional services 1,613 2,219
Computer software expense 2,704 2,096
Advertising expense 634 635
Foreclosed asset expense 15 72
Other 3,710 4,492
Total other operating expense 32,875 34,018
Income before income taxes 17,248 16,154
Income tax expense 6,067 5,759
Net income $ 11,181 $ 10,395
Per common share data:    
Basic earnings per share (in dollars per share) $ 0.36 $ 0.30
Diluted earnings per share (in dollars per share) 0.35 0.29
Cash dividends declared (in dollars per share) $ 0.14 $ 0.12
Shares used in computation:    
Basic shares (in shares) 31,263,433 34,827,141
Diluted shares (in shares) 31,506,307 35,478,629