XML 17 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Interest and fees on loans $ 92,296 $ 83,575 $ 82,453
Interest and dividends on investment securities 22,917 21,875 18,602
Other interest income 18    
Total interest income 115,231 105,450 101,055
Interest expense:      
Deposits 8,458 7,306 6,366
Short-term borrowings 1,612 1,081 915
Long-term borrowings 2,471 1,750
Total interest expense 12,541 10,137 7,281
Net interest income 102,690 95,313 93,774
Provision for loan losses 9,638 7,381 7,789
Net interest income after provision for loan losses 93,052 87,932 85,985
Noninterest income:      
Service charges on deposits 7,280 7,742 8,954
Insurance income 5,396 5,166 2,399
ATM and debit card 5,687 5,084 4,963
Investment advisory 5,208 2,193 2,138
Company owned life insurance 2,808 1,962 1,753
Investments in limited partnerships 300 895 1,103
Loan servicing 436 503 568
Net gain on sale of loans held for sale 240 249 313
Net gain on investment securities 2,695 1,988 2,041
Net gain (loss) on other assets 313 27 69
Amortization of tax credit investment   (390) (2,323)
Contingent consideration liability adjustment 1,170 1,093  
Other 4,227 3,825 3,372
Total noninterest income 35,760 30,337 25,350
Noninterest expense:      
Salaries and employee benefits 45,215 42,439 38,595
Occupancy and equipment 14,529 13,856 12,829
Professional services 6,184 4,502 4,760
Computer and data processing 3,402 3,186 3,016
Supplies and postage 2,047 2,155 2,053
FDIC assessments 1,735 1,719 1,592
Advertising and promotions 1,695 1,165 972
Goodwill impairment   751  
Other 9,864 9,620 8,538
Total noninterest expense 84,671 79,393 [1] 72,355
Income before income taxes 44,141 38,876 38,980
Income tax expense 12,210 10,539 9,625
Net income 31,931 28,337 29,355
Preferred stock dividends 1,462 1,462 1,462
Net income available to common shareholders $ 30,469 $ 26,875 $ 27,893
Earnings per common share (Note 16):      
Basic $ 2.11 $ 1.91 $ 2.01
Diluted 2.10 1.90 2.00
Cash dividends declared per common share $ 0.81 $ 0.80 $ 0.77
Weighted average common shares outstanding:      
Basic 14,436 14,081 13,893
Diluted 14,491 14,135 13,946
[1] Non-Banking segment includes SDN reporting unit goodwill impairment of $751 thousand.