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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Interest and fees on loans $ 40,597 $ 25,144
Interest and dividends on investment securities:    
Taxable interest income 3,603 3,611
Non-taxable interest income 727 769
Total interest income 44,927 29,524
Interest expense:    
Deposits 2,044 1,107
Federal funds purchased and securities sold under agreements to repurchase 123 82
Short-term borrowings 47 13
Long-term debt 113 43
Junior subordinated debt owed to unconsolidated trusts 587 337
Total interest expense 2,914 1,582
Net interest income 42,013 27,942
Provision for loan losses 500 1,000
Net interest income after provision for loan losses 41,513 26,942
Non-interest income:    
Trust fees 6,190 5,547
Commissions and brokers' fees, net 722 668
Remittance processing 2,845 2,925
Service charges on deposit accounts 4,075 3,125
Other service charges and fees 1,911 1,581
Mortgage revenue 2,134 880
Security gains, net 857 1,067
Other 1,280 1,053
Total non-interest income 20,014 16,846
Non-interest expense:    
Salaries, wages and employee benefits 21,890 15,366
Net occupancy expense of premises 3,185 2,167
Furniture and equipment expenses 1,619 1,084
Data processing 3,598 3,232
Amortization of intangible assets 1,207 766
Regulatory expense 592 588
Other 5,528 4,485
Total non-interest expense 37,619 27,688
Income before income taxes 23,908 16,100
Income taxes 8,738 5,666
Net income $ 15,170 $ 10,434
Basic earnings per common share (in dollars per share) $ 0.40 $ 0.36
Diluted earnings per common share (in dollars per share) 0.39 0.36
Dividends declared per share of common stock (in dollars per share) $ 0.18 $ 0.17