XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Interest and fees on loans and leases $ 34,957 $ 31,793
Interest and dividends on investment securities:    
Taxable interest 8,135 8,396
Tax-exempt interest 979 996
Dividends 12 10
Interest on deposits in other banks 74 17
Dividends on Federal Home Loan Bank stock 56 37
Total interest income 44,213 41,249
Interest on deposits:    
Demand 140 111
Savings and money market 257 263
Time 1,717 898
Interest on short-term borrowings 31 50
Interest on long-term debt 813 716
Total interest expense 2,958 2,038
Net interest income 41,255 39,211
Provision (credit) for loan and lease losses (80) (747)
Net interest income after credit for loan and lease losses 41,335 39,958
Mortgage banking 1,943 1,240
Other operating income:    
Service charges on deposit accounts 2,036 1,964
Other service charges and fees 2,748 2,767
Income from fiduciary activities 864 840
Equity in earnings of unconsolidated subsidiaries 61 90
Fees on foreign exchange 163 148
Income from bank-owned life insurance 1,117 625
Loan placement fees 134 46
Net gain on sales of residential mortgage loans 1,312 1,466
Net gain on sales of foreclosed assets 102 308
Other 846 628
Total other operating income 10,014 8,656
Other operating expense:    
Salaries and employee benefits 17,387 16,937
Net occupancy 3,414 3,314
Equipment 842 811
Amortization of other intangible assets 1,188 2,178
Amortization of Intangible Assets 668 669
Communication expense 900 959
Legal and professional services 1,792 1,613
Computer software expense 2,252 2,704
Advertising expense 392 634
Foreclosed asset expense 36 15
Other 3,777 3,710
Total other operating expense 31,460 31,366
Income before income taxes 19,889 17,248
Income tax expense 6,810 6,067
Net income $ 13,079 $ 11,181
Per common share data:    
Basic earnings per common share (in dollars per share) $ 0.43 $ 0.36
Diluted earnings per common share (in dollars per share) 0.42 0.35
Cash dividends declared (in dollars per share) $ 0.16 $ 0.14
Shares used in computation:    
Basic shares (in shares) 30,714,895 31,263,433
Diluted shares (in shares) 31,001,238 31,506,307