XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and fees on loans and leases:        
Taxable $ 40,637 $ 35,102 $ 78,587 $ 68,802
Exempt from federal income taxes 2,421 2,084 4,768 4,119
Total interest and fees on loans and leases 43,058 37,186 83,355 72,921
Interest and dividends on investment securities:        
Taxable 2,268 1,833 4,457 3,521
Exempt from federal income taxes 477 576 945 1,175
Interest on deposits with other banks 148 38 224 55
Interest and dividends on other earning assets 509 397 1,013 754
Total interest income 46,460 40,030 89,994 78,426
Interest expense        
Interest on deposits 4,542 2,461 8,233 4,652
Interest on short-term borrowings 958 325 1,603 587
Interest on long-term debt and subordinated notes 1,970 1,944 3,896 3,604
Total interest expense 7,470 4,730 13,732 8,843
Net interest income [1] 38,990 35,300 76,262 69,583
Provision for loan and lease losses 15,409 2,766 17,462 5,211
Net interest income after provision for loan and lease losses 23,581 32,534 58,800 64,372
Disaggregation of Revenue [Line Items]        
Insurance commission and fee income 3,712 3,628 8,600 8,038
Bank owned life insurance income [1] 1,210 1,622 1,879 2,405
Net gain on sales of investment securities 0 21 [1] 10 [1] 36 [1]
Net gain on mortgage banking activities [1] 942 1,537 1,658 2,650
Other (loss) income [2] (138) 294 (14) 625
Total noninterest income 15,314 16,009 30,896 30,979
Noninterest expense        
Salaries, benefits and commissions 20,065 18,730 40,712 37,467
Net occupancy 2,533 2,684 5,290 5,349
Equipment 1,067 1,031 2,090 2,024
Data processing 2,091 2,081 4,323 4,139
Professional fees 1,331 1,248 2,686 2,487
Marketing and advertising 526 475 907 854
Deposit insurance premiums 452 451 843 853
Intangible expenses 594 446 1,206 1,205
Restructuring charges 0 0 571 0
Other expense 5,688 5,402 10,844 10,200
Total noninterest expense 34,347 32,548 69,472 64,578
Income before income taxes 4,548 15,995 20,224 30,773
Income tax expense 191 4,217 3,017 8,139
Net income $ 4,357 $ 11,778 $ 17,207 $ 22,634
Net income per share:        
Basic (in dollars per share) $ 0.15 $ 0.44 $ 0.59 $ 0.85
Diluted (in dollars per share) 0.15 0.44 0.58 0.85
Dividends declared (in dollars per share) $ 0.20 $ 0.20 $ 0.40 $ 0.40
Trust fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income $ 2,044 $ 2,016 $ 4,040 $ 3,923
Service charges on deposit accounts        
Disaggregation of Revenue [Line Items]        
Noninterest income 1,335 1,313 2,662 2,556
Investment advisory commission and fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income 3,778 3,333 7,461 6,514
Other service fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income [2] $ 2,431 $ 2,245 $ 4,600 $ 4,232
[1] (1)Net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives are excluded from the scope of the standard. Noninterest income streams that are out-of-scope of the standard include bank owned life insurance income, sales of investment securities and mortgage banking activities.
[2] (2)Other service fee income and other income include certain items that are in scope and certain items that are out of scope of the standard and are described further in the following paragraphs.