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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Interest and fees on loans $ 24,586 $ 22,437 $ 48,752 $ 44,970
Interest and dividends on investment securities:        
Taxable interest income 3,525 3,395 6,797 6,275
Non-taxable interest income 799 824 1,624 1,662
Total interest income 28,910 26,656 57,173 52,907
Interest expense:        
Deposits 1,210 1,306 2,449 2,668
Securities sold under agreements to repurchase 37 35 88 74
Long-term debt 11   21  
Junior subordinated debt owed to unconsolidated trusts 301 294 594 587
Total interest expense 1,559 1,635 3,152 3,329
Net interest income 27,351 25,021 54,021 49,578
Provision for loan losses   1,000 500 2,000
Net interest income after provision for loan losses 27,351 24,021 53,521 47,578
Other income:        
Trust fees 5,146 5,080 10,843 10,697
Commissions and brokers' fees, net 819 676 1,603 1,347
Remittance processing 2,988 2,376 5,475 4,726
Service charges on deposit accounts 3,096 3,111 5,980 5,806
Other service charges and fees 1,685 1,618 3,269 3,106
Gain on sales of loans 1,868 1,234 3,294 2,215
Security (losses) gains, net (22) (3) (21) 40
Other 1,043 920 2,145 2,061
Total other income 16,623 15,012 32,588 29,998
Other expense:        
Salaries and wages 13,310 12,578 27,816 24,827
Employee benefits 2,520 2,386 4,863 5,279
Net occupancy expense of premises 2,161 2,055 4,406 4,298
Furniture and equipment expenses 1,283 1,153 2,474 2,357
Data processing 3,212 2,687 6,761 5,499
Amortization of intangible assets 808 733 1,577 1,480
Regulatory expense 560 501 1,203 1,056
Other 4,591 4,730 9,892 8,645
Total other expense 28,445 26,823 58,992 53,441
Income before income taxes 15,529 12,210 27,117 24,135
Income taxes 5,593 4,025 9,420 8,063
Net income 9,936 8,185 17,697 16,072
Preferred stock dividends 181 181 363 363
Net income available for common stockholders $ 9,755 $ 8,004 $ 17,334 $ 15,709
Basic earnings per common share (in dollars per share) $ 0.11 $ 0.09 $ 0.20 $ 0.18
Diluted earnings per common share (in dollars per share) 0.11 0.09 0.20 0.18
Dividends declared per share of common stock (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.09