XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on loans $ 31,367 $ 28,423 $ 61,201 $ 55,485
Interest on U.S. government and sponsored enterprise obligations (taxable) 4,386 4,355 8,611 8,611
Interest on state and political subdivision obligations (nontaxable) 658 691 1,330 1,393
Interest on deposits in other banks and other investments 678 471 1,225 865
Total interest income 37,089 33,940 72,367 66,354
Interest Expense        
Interest on deposits 4,459 2,987 8,208 5,541
Interest on borrowings 2,298 1,476 4,078 2,637
Interest on subordinated debentures 851 851 1,698 1,695
Total interest expense 7,608 5,314 13,984 9,873
Net interest income 29,481 28,626 58,383 56,481
Provision for credit losses 983 1,401 486 1,980
Net interest income after provision for credit losses 28,498 27,225 57,897 54,501
Non-Interest Income        
Debit card income 2,126 1,992 4,055 3,826
Service charges on deposit accounts 1,933 1,957 3,769 3,780
Mortgage banking income, net 1,609 1,937 3,000 3,490
Income from fiduciary services 1,407 1,355 2,690 2,602
Bank-owned life insurance 685 548 1,335 1,001
Bank-owned life insurance 609 570 1,217 1,147
Other service charges and fees 506 501 968 969
Net gain on sale of securities 31 0 31 0
Other income 595 1,028 1,240 1,645
Total non-interest income 9,501 9,888 18,305 18,460
Non-Interest Expense        
Salaries and employee benefits 12,728 12,162 25,290 24,095
Furniture, equipment and data processing 2,549 2,450 5,135 4,775
Net occupancy costs 1,625 1,689 3,498 3,635
Consulting and professional fees 1,116 853 1,920 1,698
Debit card expense 776 712 1,506 1,372
Regulatory assessments 501 488 1,000 1,033
Amortization of intangible assets 181 472 362 944
Other real estate owned and collection costs, net 251 344 326 300
Other expenses 3,168 2,988 6,162 5,734
Total non-interest expense 22,895 22,158 45,199 43,586
Income before income tax expense 15,104 14,955 31,003 29,375
Income tax expense 2,887 4,721 5,966 9,065
Net Income $ 12,217 $ 10,234 $ 25,037 $ 20,310
Per Share Data        
Basic earnings per share $ 0.78 $ 0.66 $ 1.60 $ 1.31
Diluted earnings per share $ 0.78 $ 0.66 $ 1.60 $ 1.30
Weighted average number of common shares outstanding 15,572,848 15,512,761 15,557,500 15,500,862
Diluted weighted average number of common shares outstanding 15,629,779 15,586,571 15,615,038 15,576,711
Cash dividends declared per share $ 0.30 $ 0.23 $ 0.55 $ 0.46