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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Interest and fees on loans and leases $ 33,384 $ 30,148 $ 98,055 $ 88,322
Interest and dividends on investment securities:        
Taxable interest 7,296 8,260 23,645 24,687
Tax-exempt interest 995 1,008 2,986 3,016
Dividends 10 9 30 26
Interest on deposits in other banks 17 6 45 28
Dividends on Federal Home Loan Bank stock 63 11 123 40
Total interest income 41,765 39,442 124,884 116,119
Interest on deposits:        
Demand 126 104 360 298
Savings and money market 254 230 786 678
Time 1,044 568 2,899 1,665
Interest on short-term borrowings 160 73 387 195
Interest on long-term debt 755 662 2,206 1,949
Total interest expense 2,339 1,637 6,638 4,785
Net interest income 39,426 37,805 118,246 111,334
Provision (credit) for loan and lease losses (743) (3,647) (2,872) (13,713)
Net interest income after credit for loan and lease losses 40,169 41,452 121,118 125,047
Other operating income:        
Service charges on deposit accounts 1,954 1,947 5,826 5,830
Loan servicing fees 1,357 1,407 4,081 4,257
Other service charges and fees 2,821 2,803 8,616 8,689
Income from fiduciary activities 880 854 2,577 2,518
Equity in earnings of unconsolidated subsidiaries 182 165 456 490
Fees on foreign exchange 129 126 403 352
Investment securities gains (losses) 0 0 0 (1,866)
Income from bank-owned life insurance 555 434 2,412 1,569
Loan placement fees 140 202 319 574
Net gain on sales of residential mortgage loans 2,212 1,551 5,523 4,775
Net gain on sales of foreclosed assets 57 252 606 379
Other 688 88 2,013 1,576
Total other operating income 10,975 9,829 32,832 29,143
Other operating expense:        
Salaries and employee benefits 17,459 17,193 52,246 49,534
Net occupancy 3,588 3,547 10,459 10,451
Equipment 852 775 2,432 2,617
Amortization of other intangible assets 1,690 1,683 6,291 5,347
Communication expense 948 895 2,826 2,661
Legal and professional services 1,699 1,808 5,035 5,669
Computer software expense 2,217 2,286 7,143 6,764
Advertising expense 772 502 1,839 1,586
Foreclosed asset expense 72 3 136 332
Other 3,989 3,483 11,969 13,690
Total other operating expense 33,286 32,175 100,376 98,651
Income before income taxes 17,858 19,106 53,574 55,539
Income tax expense 6,392 6,900 18,790 20,603
Net income $ 11,466 $ 12,206 $ 34,784 $ 34,936
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.37 $ 0.39 $ 1.12 $ 1.07
Diluted earnings per common share (in dollars per share) 0.37 0.38 1.11 1.06
Cash dividends declared (in dollars per share) $ 0.16 $ 0.12 $ 0.44 $ 0.36
Shares used in computation:        
Basic shares (in shares) 30,943,756 31,330,964 31,088,729 32,548,479
Diluted shares (in shares) 31,142,128 31,749,880 31,277,402 32,932,347