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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Interest and fees on loans, including loans held for sale $ 41,318 $ 37,791 $ 82,228 $ 74,368
Interest and dividends on securities        
Taxable 3,089 2,422 6,252 4,892
Tax exempt 580 706 1,258 1,403
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 261 328 557 661
Interest on Federal Reserve Bank deposits 1,525 713 2,311 1,152
Other, including interest on federal funds sold 44 65 100 129
Total interest income 46,817 42,025 92,706 82,605
Interest expense:        
Interest on deposits 8,956 5,585 17,031 10,457
Interest on repurchase agreements and federal funds purchased 1,191 723 2,347 1,358
Interest on advances from Federal Home Loan Bank 0 2 39 4
Interest on long-term debt 643 567 1,279 1,047
Total interest expense 10,790 6,877 20,696 12,866
Net interest income 36,027 35,148 72,010 69,739
Provision for loan losses 1,563 1,929 1,753 2,875
Net interest income after provision for loan losses 34,464 33,219 70,257 66,864
Noninterest income:        
Service charges on deposit accounts 6,525 6,480 12,645 12,701
Gains on sales of loans, net 518 304 848 583
Trust and wealth management income 2,765 2,856 5,340 5,814
Loan related fees 440 919 1,013 2,063
Bank owned life insurance 689 793 1,247 2,557
Brokerage revenue 299 440 560 723
Securities gains (losses) 204 2 560 (286)
Other noninterest income 812 1,946 2,209 2,895
Total noninterest income 12,252 13,740 24,422 27,050
Noninterest expense:        
Officer salaries and employee benefits 3,297 3,220 6,671 6,434
Other salaries and employee benefits 12,790 12,202 25,375 24,607
Occupancy, net 1,812 2,043 3,863 4,159
Equipment 749 727 1,488 1,444
Data processing 1,789 1,634 3,552 3,270
Bank franchise tax 1,683 1,577 3,398 3,278
Legal fees 424 428 854 902
Professional fees 546 495 1,077 997
Advertising and marketing 874 876 1,666 1,608
FDIC insurance 369 279 546 593
Other real estate owned provision and expense 1,024 1,315 1,795 2,254
Repossession expense 112 304 489 713
Amortization of limited partnership investments 1,166 716 1,943 1,216
Other noninterest expense 3,395 6,623 6,396 9,645
Total noninterest expense 30,030 32,439 59,113 61,120
Income before income taxes 16,686 14,520 35,566 32,794
Income taxes (1,638) 2,921 2,303 5,381
Net income 18,324 11,599 33,263 27,413
Unrealized holding gains (losses) on securities available-for-sale:        
Unrealized holding gains (losses) arising during the period 6,522 (1,811) 12,646 (7,309)
Less: Reclassification adjustments for realized gains included in net income 5 2 6 151
Tax expense (benefit) 1,690 (381) 2,976 (1,567)
Other comprehensive income (loss), net of tax 4,827 (1,432) 9,664 (5,893)
Comprehensive income $ 23,151 $ 10,167 $ 42,927 $ 21,520
Basic earnings per share (in dollars per share) $ 1.03 $ 0.66 $ 1.88 $ 1.55
Diluted earnings per share (in dollars per share) $ 1.03 $ 0.66 $ 1.88 $ 1.55
Weighted average shares outstanding-basic (in shares) 17,721 17,687 17,717 17,679
Weighted average shares outstanding-diluted (in shares) 17,733 17,703 17,728 17,695