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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 31,500 $ 30,503 $ 61,985 $ 60,680
Taxable interest on investment securities 3,141 2,838 6,190 5,634
Nontaxable interest on investment securities 1,304 1,193 2,572 2,364
Interest and dividends on other interest earning assets 142 58 203 149
Total interest income 36,087 34,592 70,950 68,827
INTEREST EXPENSE        
Deposits 1,407 1,242 2,673 2,496
Junior subordinated debentures 249 216 487 426
Other borrowings 251 49 464 60
Total interest expense 1,907 1,507 3,624 2,982
Net interest income 34,180 33,085 67,326 65,845
Provision for loan losses 1,131 1,120 1,998 2,259
Net interest income after provision for loan losses 33,049 31,965 65,328 63,586
NONINTEREST INCOME        
Service charges and other fees 4,426 3,476 8,639 6,832
Gain on sale of investment securities, net 117 201 117 761
Gain on sale of loans, net 4,138 1,242 5,333 1,971
Interest rate swap fees 282 227 415 363
Other income 1,700 1,430 3,508 3,639
Total noninterest income 10,663 6,576 18,012 13,566
NONINTEREST EXPENSE        
Compensation and employee benefits 16,272 14,898 32,296 30,019
Occupancy and equipment 3,818 4,111 7,628 7,947
Data processing 2,002 1,829 3,917 3,621
Marketing 805 781 1,612 1,509
Professional services 1,053 833 2,062 1,678
State and local taxes 639 604 1,188 1,211
Federal deposit insurance premium 357 528 657 1,020
Other real estate owned, net 21 61 52 472
Amortization of intangible assets 323 363 647 698
Other expense 2,519 2,469 4,973 4,671
Total noninterest expense 27,809 26,477 55,032 52,846
Income before income taxes 15,903 12,064 28,308 24,306
Income tax expense 4,075 3,169 7,164 6,320
Net income $ 11,828 $ 8,895 $ 21,144 $ 17,986
Basic earnings per common share (in usd per share) $ 0.40 $ 0.30 $ 0.71 $ 0.60
Diluted earnings per common share (in usd per share) 0.39 0.30 0.70 0.60
Dividends declared per common share (in usd per share) $ 0.13 $ 0.12 $ 0.25 $ 0.23