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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Interest and fees on loans and leases $ 43,768 $ 37,390
Interest and dividends on investment securities:    
Taxable interest 8,260 8,843
Tax-exempt interest 866 933
Dividends 18 15
Interest on deposits in other banks 68 84
Dividends on Federal Home Loan Bank stock 161 45
Total interest income 53,141 47,310
Interest on deposits:    
Demand 192 180
Savings and money market 791 369
Time 5,092 3,425
Interest on short-term borrowings 893 43
Interest on long-term debt 1,060 971
Total interest expense 8,028 4,988
Net interest income 45,113 42,322
Provision (credit) for loan and lease losses 1,283 (211)
Net interest income after provision (credit) for loan and lease losses 43,830 42,533
Other operating income:    
Mortgage banking income 1,424 1,847
Service charges on deposit accounts 2,081 2,003
Other service charges and fees 3,064 3,034
Income from fiduciary activities 965 956
Equity in earnings of unconsolidated subsidiaries 8 43
Fees on foreign exchange 151 211
Income from bank-owned life insurance 952 318
Loan placement fees 149 197
Other 2,879 345
Total other operating income 11,673 8,954
Other operating expense:    
Salaries and employee benefits 19,889 18,505
Net occupancy 3,458 3,266
Equipment 1,006 1,068
Amortization of core deposit premium 0 669
Communication expense 734 898
Legal and professional services 1,570 1,821
Computer software expense 2,597 2,267
Advertising expense 711 612
Foreclosed asset expense 159 294
Other 4,224 4,004
Total other operating expense 34,348 33,404
Income before income taxes 21,155 18,083
Income tax expense 5,118 3,806
Net income $ 16,037 $ 14,277
Per common share data:    
Basic earnings per common share (in dollars per share) $ 0.56 $ 0.48
Diluted earnings per common share (in dollars per share) 0.55 0.48
Cash dividends declared (in dollars per share) $ 0.21 $ 0.19
Weighted average common shares outstanding used in computation:    
Basic shares (in shares) 28,758,310 29,807,572
Diluted shares (in shares) 28,979,855 30,041,351