XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Interest and fees on loans $ 37,807 $ 31,343 $ 74,273 $ 61,101
Interest and dividends on investment securities 4,752 5,525 9,698 11,166
Other interest income 89 145 191 223
Total interest income 42,648 37,013 84,162 72,490
Interest expense:        
Deposits 7,378 4,253 14,177 7,709
Short-term borrowings 2,189 1,912 4,494 3,613
Long-term borrowings 617 618 1,235 1,236
Total interest expense 10,184 6,783 19,906 12,558
Net interest income 32,464 30,230 64,256 59,932
Provision for loan losses 2,354 40 3,547 2,989
Net interest income after provision for loan losses 30,110 30,190 60,709 56,943
Noninterest income:        
Service charges on deposits 1,756 1,703 3,436 3,441
Insurance income 872 1,018 2,250 2,417
ATM and debit card 1,739 1,531 3,182 2,952
Investment advisory 2,327 1,911 4,543 3,689
Company owned life insurance 424 443 834 893
Investments in limited partnerships 144 123 376 691
Loan servicing 104 108 214 223
Income (loss) from derivative instruments, net (45) 176 123 347
Net gain on sale of loans held for sale 407 131 589 227
Net gain on investment securities 166 7 113 7
Net gain on other assets 9 9 58 12
Other 1,330 1,247 2,635 2,415
Total noninterest income 9,233 8,407 18,353 17,314
Noninterest expense:        
Salaries and employee benefits 13,249 12,871 27,250 26,300
Occupancy and equipment 4,326 4,167 8,912 8,574
Professional services 932 896 2,090 1,779
Computer and data processing 1,350 1,358 2,573 2,593
Supplies and postage 498 548 1,032 1,060
FDIC assessments 486 480 998 988
Advertising and promotions 1,086 721 1,606 1,698
Amortization of intangibles 316 305 639 593
Other 2,760 2,102 5,074 3,967
Total noninterest expense 25,003 23,448 50,174 47,552
Income before income taxes 14,340 15,149 28,888 26,705
Income tax expense 2,939 2,979 5,966 5,247
Net income 11,401 12,170 22,922 21,458
Preferred stock dividends 366 366 731 731
Net income available to common shareholders $ 11,035 $ 11,804 $ 22,191 $ 20,727
Earnings per common share (Note 3):        
Basic $ 0.69 $ 0.74 $ 1.39 $ 1.30
Diluted 0.69 0.74 1.39 1.30
Cash dividends declared per common share $ 0.25 $ 0.24 $ 0.50 $ 0.48