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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and fees on loans and leases:        
Taxable $ 21,890 $ 15,921 $ 65,083 $ 46,916
Exempt from federal income taxes 1,602 1,433 4,765 4,177
Total interest and fees on loans and leases 23,492 17,354 69,848 51,093
Interest and dividends on investment securities:        
Taxable 1,204 963 3,342 3,025
Exempt from federal income taxes 868 884 2,607 2,723
Interest on federal funds sold 0 0 2 0
Other interest income 21 18 37 49
Total interest income 25,585 19,219 75,836 56,890
Interest expense        
Interest on deposits 1,543 971 4,405 2,932
Interest on short-term borrowings 10 7 33 25
Interest on long-term borrowings 667 0 1,349 0
Total interest expense 2,220 978 5,787 2,957
Net interest income 23,365 18,241 70,049 53,933
Provision for loan and lease losses 670 233 2,885 2,959
Net interest income after provision for loan and lease losses 22,695 18,008 67,164 50,974
Noninterest income        
Trust fee income 1,904 1,862 5,878 5,692
Service charges on deposit accounts 1,069 1,073 3,171 3,134
Investment advisory commission and fee income 2,687 3,086 8,190 9,144
Insurance commission and fee income 3,232 2,881 10,812 8,647
Other service fee income 1,956 1,767 5,387 5,471
Bank owned life insurance income 306 346 870 1,167
Net gain on sales of investment securities 296 0 568 557
Net gain on mortgage banking activities 1,123 616 3,748 1,484
Net gain on sales of other real estate owned 14 195 14 195
Other income 268 684 999 1,084
Total noninterest income 12,855 12,510 39,637 36,575
Noninterest expense        
Salaries and benefits 11,970 11,035 37,241 31,948
Commissions 2,174 2,200 6,143 5,585
Net occupancy 2,093 1,689 6,486 5,130
Equipment 1,831 1,426 5,228 4,170
Professional fees 1,096 744 2,969 2,399
Marketing and advertising 583 391 1,494 1,333
Deposit insurance premiums 433 386 1,267 1,162
Intangible expenses 710 352 2,389 1,762
Acquisition-related costs 0 180 507 739
Integration costs 0 8 1,484 8
Restructuring charges 0 0 1,642 0
Other expense 4,353 3,608 12,636 10,456
Total noninterest expense 25,243 22,019 79,486 64,692
Income before income taxes 10,307 8,499 27,315 22,857
Income taxes 2,779 2,264 7,205 5,816
Net income $ 7,528 $ 6,235 $ 20,110 $ 17,041
Net income per share:        
Basic (in dollars per share) $ 0.39 $ 0.38 $ 1.02 $ 1.05
Diluted (in dollars per share) 0.39 0.38 1.02 1.05
Dividends declared $ 0.20 $ 0.20 $ 0.60 $ 0.60