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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 income:        
Interest and fees on loans $ 25,099 $ 23,553 $ 73,851 $ 68,523
Interest and dividends on investment securities:        
Taxable interest income 3,791 3,148 10,588 9,423
Non-taxable interest income 840 810 2,464 2,472
Total interest income 29,730 27,511 86,903 80,418
Interest expense:        
Deposits 1,175 1,260 3,624 3,928
Securities sold under agreements to repurchase 44 40 132 114
Short-term borrowings   1   1
Long-term debt 10 1 31 1
Junior subordinated debt owed to unconsolidated trusts 306 298 900 885
Total interest expense 1,535 1,600 4,687 4,929
Net interest income 28,195 25,911 82,216 75,489
Provision for loan losses 100   600 2,000
Net interest income after provision for loan losses 28,095 25,911 81,616 73,489
Other income:        
Trust fees 4,542 4,182 15,385 14,879
Commissions and brokers' fees, net 799 676 2,402 2,023
Remittance processing 2,897 2,394 8,372 7,120
Service charges on deposit accounts 3,312 3,175 9,292 8,981
Other service charges and fees 1,614 1,575 4,883 4,681
Gain on sales of loans 1,549 1,339 4,843 3,554
Security (losses) gains, net     (21) 40
Other 1,176 863 3,321 2,924
Total other income 15,889 14,204 48,477 44,202
Other expense:        
Salaries and wages 13,365 12,591 41,181 37,418
Employee benefits 2,352 2,263 7,215 7,542
Net occupancy expense of premises 2,090 2,086 6,496 6,384
Furniture and equipment expenses 1,319 1,250 3,793 3,607
Data processing 3,082 2,600 9,843 8,099
Amortization of intangible assets 807 701 2,384 2,181
Regulatory expense 610 503 1,813 1,559
Other 4,325 4,304 14,217 12,949
Total other expense 27,950 26,298 86,942 79,739
Income before income taxes 16,034 13,817 43,151 37,952
Income taxes 5,408 4,708 14,828 12,771
Net income 10,626 9,109 28,323 25,181
Preferred stock dividends 182 182 545 545
Net income available for common stockholders $ 10,444 $ 8,927 $ 27,778 $ 24,636
Basic earnings per common share (in dollars per share) $ 0.36 $ 0.31 $ 0.96 $ 0.85
Diluted earnings per common share (in dollars per share) 0.36 0.31 0.95 0.85
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.42