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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME:        
Interest and fees on loans $ 33,170 $ 29,124 $ 93,966 $ 85,020
Interest and dividends on investment securities:        
Taxable securities 3,361 2,844 10,160 8,870
Nontaxable securities 191 179 572 538
Dividends on securities 156 111 557 473
Interest on federal funds sold and other 69 50 179 102
Total interest income 36,947 32,308 105,434 95,003
INTEREST EXPENSE:        
Interest on deposits 1,024 996 2,966 2,840
Interest on short-term borrowings and securities sold under agreements to repurchase 298 60 1,084 470
Interest on subordinated debentures and notes payable 1,856 1,851 5,532 5,530
Total interest expense 3,178 2,907 9,582 8,840
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 33,769 29,401 95,852 86,163
Provision for loan losses 1,060 (1,168) 2,340 (2,450)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 32,709 30,569 93,512 88,613
NONINTEREST INCOME:        
Service charges 1,660 1,553 5,119 4,508
Investment advisory income 1,550 1,416 4,581 4,296
Insurance income 3,338 3,120 9,887 9,282
Other income 2,447 3,197 6,047 6,700
Total noninterest income 8,995 9,286 25,634 24,786
NONINTEREST EXPENSE:        
Salaries and employee benefits 18,421 17,480 55,876 53,093
Occupancy expenses, premises and equipment 3,666 4,025 10,956 11,032
Amortization of intangibles 150 150 450 450
FDIC and other assessments 363 369 962 1,297
Other real estate owned and loan workout costs 33 120 215 432
Net (gain) loss on securities, other assets and other real estate owned 6 (98) (307) (88)
Other expense 3,753 3,997 12,009 11,927
Total noninterest expense 26,392 26,043 80,161 78,143
INCOME BEFORE INCOME TAXES 15,312 13,812 38,985 35,256
Provision for income taxes 4,119 3,543 9,689 9,090
NET INCOME $ 11,193 $ 10,269 $ 29,296 $ 26,166
EARNINGS PER COMMON SHARE:        
Basic $ 0.27 $ 0.25 $ 0.70 $ 0.63
Diluted $ 0.27 $ 0.25 $ 0.70 $ 0.63