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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans and leases $ 36,289 $ 33,384 $ 106,777 $ 98,055
Interest and dividends on investment securities:        
Taxable interest 8,540 7,296 25,156 23,645
Tax-exempt interest 966 995 2,919 2,986
Dividends 12 10 36 30
Interest on deposits in other banks 163 17 298 45
Dividends on Federal Home Loan Bank stock 23 63 100 123
Total interest income 45,993 41,765 135,286 124,884
Interest on deposits:        
Demand 177 126 471 360
Savings and money market 281 254 797 786
Time 2,637 1,044 6,490 2,899
Interest on short-term borrowings 9 160 86 387
Interest on long-term debt 894 755 2,563 2,206
Total interest expense 3,998 2,339 10,407 6,638
Net interest income 41,995 39,426 124,879 118,246
Provision (credit) for loan and lease losses (126) (743) (2,488) (2,872)
Net interest income after credit for loan and lease losses 42,121 40,169 127,367 121,118
Other operating income:        
Mortgage banking income 1,531 2,561 5,431 5,224
Service charges on deposit accounts 2,182 1,954 6,338 5,826
Other service charges and fees 3,185 2,821 8,986 8,616
Income from fiduciary activities 911 880 2,739 2,577
Equity in earnings of unconsolidated subsidiaries 176 182 388 456
Fees on foreign exchange 101 129 394 403
Investment securities gains (losses) 0 0 (1,640) 0
Income from bank-owned life insurance 1,074 555 2,774 2,412
Loan placement fees 86 140 366 319
Net gain on sales of foreclosed assets 19 57 205 606
Other 304 675 1,472 2,108
Total other operating income 9,569 9,954 27,453 28,547
Other operating expense:        
Salaries and employee benefits 18,157 17,459 53,527 52,246
Net occupancy 3,404 3,588 10,153 10,459
Equipment 969 852 2,778 2,432
Amortization of core deposit premium 669 669 2,006 2,006
Communication expense 944 948 2,735 2,826
Legal and professional services 1,854 1,699 5,633 5,035
Computer software expense 2,346 2,217 6,788 7,143
Advertising expense 626 772 1,408 1,839
Foreclosed asset expense 24 72 123 136
Other 4,518 3,989 12,155 11,969
Total other operating expense 33,511 32,265 97,306 96,091
Income before income taxes 18,179 17,858 57,514 53,574
Income tax expense 6,367 6,392 20,598 18,790
Net income $ 11,812 $ 11,466 $ 36,916 $ 34,784
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.39 $ 0.37 $ 1.21 $ 1.12
Diluted earnings per common share (in dollars per share) 0.39 0.37 1.20 1.11
Cash dividends declared (in dollars per share) $ 0.18 $ 0.16 $ 0.52 $ 0.44
Shares used in computation:        
Basic shares (in shares) 30,300,195 30,943,756 30,526,260 31,088,729
Diluted shares (in shares) 30,514,459 31,142,128 30,758,989 31,277,402