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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ 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, including loans held for sale $ 36,288 $ 33,593 $ 104,643 $ 100,172
Interest and dividends on securities        
Taxable 2,198 2,030 6,458 6,188
Tax exempt 741 653 2,211 2,003
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 308 251 867 757
Other, including interest on federal funds sold 309 152 844 460
Total interest income 39,844 36,679 115,023 109,580
Interest expense:        
Interest on deposits 3,754 2,799 9,876 8,047
Interest on repurchase agreements 466 288 1,215 836
Interest on advances from Federal Home Loan Bank 226 3 394 51
Interest on long-term debt 428 362 1,238 1,036
Total interest expense 4,874 3,452 12,723 9,970
Net interest income 34,970 33,227 102,300 99,610
Provision for loan losses 666 2,191 4,659 5,829
Net interest income after provision for loan losses 34,304 31,036 97,641 93,781
Noninterest income:        
Service charges on deposit accounts 6,499 6,563 18,658 18,680
Gains on sales of loans, net 390 595 897 1,357
Trust and wealth management income 2,534 2,440 7,769 7,111
Loan related fees 792 1,260 2,570 2,610
Bank owned life insurance 583 560 1,633 1,628
Brokerage revenue 297 387 1,032 1,067
Securities gains 48 458 58 522
Other noninterest income 1,059 923 3,475 2,951
Total noninterest income 12,202 13,186 36,092 35,926
Noninterest expense:        
Officer salaries and employee benefits 2,933 3,090 8,860 9,147
Other salaries and employee benefits 11,146 11,126 34,187 33,524
Occupancy, net 2,043 2,012 6,042 6,035
Equipment 741 733 2,275 2,177
Data processing 1,772 1,601 5,318 4,729
Bank franchise tax 1,205 1,492 4,246 4,291
Legal fees 429 455 1,256 1,437
Professional fees 478 473 1,525 1,395
Advertising and marketing 705 674 2,098 1,883
FDIC insurance 316 469 923 1,628
Other real estate owned provision and expense 1,313 873 4,056 1,892
Repossession expense 269 272 697 911
Amortization of limited partnership investments 605 546 1,814 2,078
Other noninterest expense 2,977 2,871 8,845 8,994
Total noninterest expense 26,932 26,687 82,142 80,121
Income before income taxes 19,574 17,535 51,591 49,586
Income taxes 5,811 5,223 15,010 14,106
Net income 13,763 12,312 36,581 35,480
Unrealized holding gains (losses) on securities available-for-sale:        
Unrealized holding gains (losses) arising during the period (522) (2,374) 2,223 5,750
Less: Reclassification adjustments for realized gains included in net income 48 458 58 522
Tax expense (benefit) (199) (991) 758 1,830
Other comprehensive income (loss), net of tax (371) (1,841) 1,407 3,398
Comprehensive income $ 13,392 $ 10,471 $ 37,988 $ 38,878
Basic earnings per share (in dollars per share) $ 0.78 $ 0.70 $ 2.08 $ 2.02
Diluted earnings per share (in dollars per share) $ 0.78 $ 0.70 $ 2.07 $ 2.02
Weighted average shares outstanding-basic (in shares) 17,633 17,554 17,625 17,532
Weighted average shares outstanding-diluted (in shares) 17,653 17,569 17,645 17,548
Dividends declared per share (in dollars per share) $ 0.33 $ 0.32 $ 0.97 $ 0.94