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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans and leases $ 35,531 $ 32,878 $ 70,488 $ 64,671
Interest and dividends on investment securities:        
Taxable interest 8,481 7,953 16,616 16,349
Tax-exempt interest 974 995 1,953 1,991
Dividends 12 10 24 20
Interest on deposits in other banks 61 11 135 28
Dividends on Federal Home Loan Bank stock 21 23 77 60
Total interest income 45,080 41,870 89,293 83,119
Interest on deposits:        
Demand 154 123 294 234
Savings and money market 259 269 516 532
Time 2,136 957 3,853 1,855
Interest on short-term borrowings 46 177 77 227
Interest on long-term debt 856 735 1,669 1,451
Total interest expense 3,451 2,261 6,409 4,299
Net interest income 41,629 39,609 82,884 78,820
Provision (credit) for loan and lease losses (2,282) (1,382) (2,362) (2,129)
Net interest income after credit for loan and lease losses 43,911 40,991 85,246 80,949
Other operating income:        
Mortgage banking 1,957 1,423 3,900 2,663
Service charges on deposit accounts 2,120 1,908 4,156 3,872
Other service charges and fees 3,053 3,028 5,801 5,795
Income from fiduciary activities 964 857 1,828 1,697
Equity in earnings of unconsolidated subsidiaries 151 184 212 274
Fees on foreign exchange 130 126 293 274
Investment securities gains (losses) (1,640) 0 (1,640) 0
Income from bank-owned life insurance 583 1,232 1,700 1,857
Loan placement fees 146 133 280 179
Net gain on sales of foreclosed assets 84 241 186 549
Other 322 805 1,168 1,433
Total other operating income 7,870 9,937 17,884 18,593
Other operating expense:        
Salaries and employee benefits 17,983 17,850 35,370 34,787
Net occupancy 3,335 3,557 6,749 6,871
Equipment 967 769 1,809 1,580
Amortization of core deposit premium 669 668 1,337 1,337
Communication expense 891 919 1,791 1,878
Legal and professional services 1,987 1,723 3,779 3,336
Computer software expense 2,190 2,222 4,442 4,926
Advertising expense 390 433 782 1,067
Foreclosed asset expense 63 49 99 64
Other 3,860 4,270 7,637 7,980
Total other operating expense 32,335 32,460 63,795 63,826
Income before income taxes 19,446 18,468 39,335 35,716
Income tax expense 7,421 6,331 14,231 12,398
Net income $ 12,025 $ 12,137 $ 25,104 $ 23,318
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.39 $ 0.39 $ 0.82 $ 0.75
Diluted earnings per common share (in dollars per share) 0.39 0.39 0.81 0.74
Cash dividends declared (in dollars per share) $ 0.18 $ 0.14 $ 0.34 $ 0.28
Shares used in computation:        
Basic shares (in shares) 30,568,247 31,060,593 30,641,165 31,162,013
Diluted shares (in shares) 30,803,725 31,262,525 30,879,923 31,359,568