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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans and leases $ 40,531 $ 36,289 $ 116,620 $ 106,777
Interest and dividends on investment securities:        
Taxable interest 8,490 8,540 26,050 25,156
Tax-exempt interest 920 966 2,786 2,919
Dividends 26 12 44 36
Interest on deposits in other banks 109 163 310 298
Dividends on Federal Home Loan Bank stock 60 23 145 100
Total interest income 50,136 45,993 145,955 135,286
Interest on deposits:        
Demand 181 177 554 471
Savings and money market 593 281 1,421 797
Time 4,744 2,637 12,203 6,490
Interest on short-term borrowings 146 9 237 86
Interest on long-term debt 1,147 894 3,221 2,563
Total interest expense 6,811 3,998 17,636 10,407
Net interest income 43,325 41,995 128,319 124,879
Provision (credit) for loan and lease losses (59) (126) 262 (2,488)
Net interest income after provision (credit) for loan and lease losses 43,384 42,121 128,057 127,367
Other operating income:        
Mortgage banking income 1,923 1,531 5,545 5,431
Service charges on deposit accounts 2,189 2,182 6,169 6,338
Other service charges and fees 3,286 3,185 9,697 8,986
Income from fiduciary activities 1,159 911 3,132 2,739
Equity in earnings of unconsolidated subsidiaries 71 176 151 388
Fees on foreign exchange 220 101 708 394
Investment securities gains (losses) 0 0 0 (1,640)
Income from bank-owned life insurance 1,055 1,074 1,874 2,774
Loan placement fees 115 86 532 366
Net gain on sales of foreclosed assets 0 19 0 205
Other 802 304 1,596 1,472
Total other operating income 10,820 9,569 29,404 27,453
Other operating expense:        
Salaries and employee benefits 19,011 18,157 56,299 53,527
Net occupancy 3,488 3,404 10,114 10,153
Equipment 1,048 969 3,160 2,778
Amortization of core deposit premium 669 669 2,006 2,006
Communication expense 903 944 2,547 2,735
Legal and professional services 1,528 1,854 5,118 5,633
Computer software expense 2,672 2,346 7,244 6,788
Advertising expense 612 626 1,841 1,408
Foreclosed asset expense 212 24 537 123
Other 3,996 4,518 12,515 12,155
Total other operating expense 34,139 33,511 101,381 97,306
Income before income taxes 20,065 18,179 56,080 57,514
Income tax expense 4,872 6,367 12,386 20,598
Net income $ 15,193 $ 11,812 $ 43,694 $ 36,916
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.52 $ 0.39 $ 1.48 $ 1.21
Diluted earnings per common share (in dollars per share) 0.52 0.39 1.47 1.20
Cash dividends declared (in dollars per share) $ 0.21 $ 0.18 $ 0.61 $ 0.52
Weighted average common shares outstanding used in computation:        
Basic shares (in shares) 29,297,465 30,300,195 29,536,536 30,526,260
Diluted shares (in shares) 29,479,812 30,514,459 29,743,238 30,758,989