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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, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans, including loans held for sale $ 39,420 $ 36,288 $ 113,788 $ 104,643
Interest and dividends on securities        
Taxable 2,422 2,198 7,314 6,458
Tax exempt 699 741 2,102 2,211
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 341 308 1,002 867
Interest on Federal Reserve Bank deposits 659 240 1,811 695
Other, including interest on federal funds sold 66 69 195 149
Total interest income 43,607 39,844 126,212 115,023
Interest expense:        
Interest on deposits 6,051 3,754 16,508 9,876
Interest on repurchase agreements 818 466 2,176 1,215
Interest on advances from Federal Home Loan Bank 3 226 7 394
Interest on long-term debt 599 428 1,646 1,238
Total interest expense 7,471 4,874 20,337 12,723
Net interest income 36,136 34,970 105,875 102,300
Provision for loan losses 1,543 666 4,418 4,659
Net interest income after provision for loan losses 34,593 34,304 101,457 97,641
Noninterest income:        
Service charges on deposit accounts 6,671 6,499 19,372 18,658
Gains on sales of loans, net 319 390 902 897
Trust and wealth management income 2,836 2,534 8,650 7,769
Loan related fees 1,022 792 3,085 2,570
Bank owned life insurance 555 583 3,112 1,633
Brokerage revenue 331 297 1,054 1,032
Securities gains (losses) (2) 48 (288) 58
Other noninterest income 931 1,059 3,826 3,475
Total noninterest income 12,663 12,202 39,713 36,092
Noninterest expense:        
Officer salaries and employee benefits 3,475 2,933 9,909 8,860
Other salaries and employee benefits 11,789 11,146 36,396 34,187
Occupancy, net 2,019 2,043 6,178 6,042
Equipment 725 741 2,169 2,275
Data processing 1,695 1,772 4,965 5,318
Bank franchise tax 1,618 1,205 4,896 4,246
Legal fees 373 429 1,275 1,256
Professional fees 507 478 1,504 1,525
Advertising and marketing 744 705 2,352 2,098
FDIC insurance 314 316 907 923
Other real estate owned provision and expense 1,094 1,313 3,348 4,056
Repossession expense 246 269 959 697
Amortization of limited partnership investments 609 605 1,825 1,814
Other noninterest expense 2,898 2,977 12,543 8,845
Total noninterest expense 28,106 26,932 89,226 82,142
Income before income taxes 19,150 19,574 51,944 51,591
Income taxes 3,044 5,811 8,425 15,010
Net income 16,106 13,763 43,519 36,581
Unrealized holding gains (losses) on securities available-for-sale:        
Unrealized holding gains (losses) arising during the period (2,521) (522) (9,830) 2,223
Less: Reclassification adjustments for realized gains (losses) included in net income (2) 48 149 58
Tax expense (benefit) (529) (199) (2,096) 758
Unrealized holding gains (losses) on securities available-for-sale, net of tax (1,990) (371) (7,883) 1,407
Implementation of ASU 2016-01 0 0 507 0
Other comprehensive income (loss), net of tax (1,990) (371) (7,376) 1,407
Comprehensive income $ 14,116 $ 13,392 $ 36,143 $ 37,988
Basic earnings per share (in dollars per share) $ 0.91 $ 0.78 $ 2.46 $ 2.08
Diluted earnings per share (in dollars per share) $ 0.91 $ 0.78 $ 2.46 $ 2.07
Weighted average shares outstanding-basic (in shares) 17,691 17,633 17,683 17,625
Weighted average shares outstanding-diluted (in shares) 17,710 17,653 17,700 17,645
Dividends declared per share (in dollars per share) $ 0.36 $ 0.33 $ 1.02 $ 0.97