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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income      
Interest and fees on loans $ 87,718 $ 87,632 $ 95,492
Interest on securities - taxable 3,229 4,225 5,975
Interest on securities - tax-exempt 3,624 3,978 4,350
Interest on deposits in banks 153 267 291
Total interest income 94,724 96,102 106,108
Interest expense      
Interest on deposits 4,479 5,878 7,308
Interest on short-term borrowings 2,101 1,952 2,024
Interest on long-term debt 3,264 3,519 5,958
Total interest expense 9,844 11,349 15,290
Net interest income 84,880 84,753 90,818
Provision for loan losses 1,255 2,191 145
Net interest income after provision for loan losses 83,625 82,562 90,673
Noninterest income      
Wealth management 2,828 2,975 3,030
Service charges on deposits 13,588 13,717 13,828
Other service charges and fees 8,102 8,045 7,581
Insurance commissions 5,442 6,899 6,555
Impairment losses on securities (4,646)   (737)
Portion of loss recognized in other comprehensive income 0 0 0
Net impairment losses recognized in earnings (4,646)   (737)
Net gain (loss) on sale of securities 335 144 (1,385)
Net FDIC indemnification asset amortization (5,474) (6,379) (3,979)
Net gain on divestitures 3,682   755
Other operating income 3,209 4,129 4,355
Total noninterest income 27,066 29,530 30,003
Noninterest expense      
Salaries and employee benefits 39,912 39,625 40,713
Occupancy expense 5,297 5,817 6,338
Furniture and equipment expense 4,341 5,199 4,952
Amortization of intangibles 1,136 1,118 787
FDIC premiums and assessments 1,383 1,513 1,672
FHLB debt prepayment fees   1,702 5,008
Merger, acquisition, and divestiture expense 730 86 1,150
Other operating expense 19,947 21,111 22,242
Total noninterest expense 72,746 76,171 82,862
Income before income taxes 37,945 35,921 37,814
Income tax expense 12,819 11,381 12,324
Net income 25,126 24,540 25,490
Dividends on preferred stock   105 910
Net income available to common shareholders $ 25,126 $ 24,435 $ 24,580
Earnings per common share      
Basic $ 1.45 $ 1.32 $ 1.34
Diluted 1.45 1.31 1.31
Cash dividends per common share $ 0.60 $ 0.54 $ 0.50
Weighted average shares outstanding      
Basic 17,319,689 18,531,039 18,406,363
Diluted 17,365,524 18,727,464 19,483,054