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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans and leases $ 32,878 $ 29,572 $ 64,671 $ 58,174
Interest and dividends on investment securities:        
Taxable interest 7,953 8,277 16,349 16,427
Tax-exempt interest 995 1,010 1,991 2,008
Dividends 10 8 20 17
Interest on deposits in other banks 11 11 28 22
Dividends on Federal Home Loan Bank stock 23 18 60 29
Total interest income 41,870 38,896 83,119 76,677
Interest on deposits:        
Demand 123 99 234 194
Savings and money market 269 225 532 448
Time 957 549 1,855 1,097
Interest on short-term borrowings 177 79 227 122
Interest on long-term debt 735 650 1,451 1,287
Total interest expense 2,261 1,602 4,299 3,148
Net interest income 39,609 37,294 78,820 73,529
Provision (credit) for loan and lease losses (1,382) (7,319) (2,129) (10,066)
Net interest income after credit for loan and lease losses 40,991 44,613 80,949 83,595
Other operating income:        
Service charges on deposit accounts 1,908 1,915 3,872 3,883
Loan servicing fees 1,362 1,427 2,724 2,850
Other service charges and fees 3,028 2,781 5,795 5,886
Income from fiduciary activities 857 830 1,697 1,664
Equity in earnings of unconsolidated subsidiaries 184 229 274 325
Fees on foreign exchange 126 98 274 226
Investment securities gains (losses) 0 (1,866) 0 (1,866)
Income from bank-owned life insurance 1,232 461 1,857 1,135
Loan placement fees 133 225 179 372
Net gain on sales of residential loans 1,845 1,630 3,311 3,224
Net gain on sales of foreclosed assets 241 94 549 127
Other 776 300 1,325 1,488
Total other operating income 11,692 8,124 21,857 19,314
Other operating expense:        
Salaries and employee benefits 17,850 15,176 34,787 32,341
Net occupancy 3,557 3,403 6,871 6,904
Equipment 769 933 1,580 1,842
Amortization of other intangible assets 2,423 1,559 4,601 3,664
Communication expense 919 942 1,878 1,766
Legal and professional services 1,723 1,642 3,336 3,861
Computer software expense 2,222 2,382 4,926 4,478
Advertising expense 433 449 1,067 1,084
Foreclosed asset expense 49 257 64 329
Other 4,270 5,715 7,980 10,207
Total other operating expense 34,215 32,458 67,090 66,476
Income before income taxes 18,468 20,279 35,716 36,433
Income tax expense 6,331 7,944 12,398 13,703
Net income $ 12,137 $ 12,335 $ 23,318 $ 22,730
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.39 $ 0.39 $ 0.75 $ 0.69
Diluted earnings per common share (in dollars per share) 0.39 0.39 0.74 0.68
Cash dividends declared (in dollars per share) $ 0.14 $ 0.12 $ 0.28 $ 0.24
Shares used in computation:        
Basic shares (in shares) 31,060,593 31,525,075 31,162,013 33,166,987
Diluted shares (in shares) 31,262,525 31,953,022 31,359,568 33,588,233