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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Interest and fees on loans $ 47,534 $ 47,907 $ 49,921
Interest on investment securities:      
Taxable 8,969 10,468 11,737
Nontaxable 2,450 2,669 2,551
Interest on deposits in other banks 372 182 138
Interest on federal funds sold, securities purchased under agreements to resell, and money market mutual funds 46 10 5
Total interest income 59,371 61,236 64,352
Interest Expense      
Interest on deposits 2,355 2,961 4,253
Interest on federal funds purchased and short-term securities sold under agreements to repurchase 99 50 54
Interest on securities sold under agreements to repurchase and other long-term borrowings 3,578 4,764 5,002
Interest on subordinated notes payable to unconsolidated trusts 723 866 844
Total interest expense 6,755 8,641 10,153
Net interest income 52,616 52,595 54,199
Provision for loan losses (644) (3,429) (4,364)
Net interest income after provision for loan losses 53,260 56,024 58,563
Noninterest Income      
Service charges and fees on deposits 7,856 7,590 7,801
Allotment processing fees 3,232 4,321 5,014
Other service charges, commissions, and fees 5,558 5,545 5,248
Trust income 2,664 2,373 2,568
Investment securities gains (losses), net 3,998 171 (63)
Gains on sale of mortgage loans, net 942 824 490
Income from company-owned life insurance 1,016 937 1,231
Gain on debt extinguishment 4,050
Legal settlement 1,450
Other 420 450 984
Total noninterest income 31,186 22,211 23,273
Noninterest Expense      
Salaries and employee benefits 32,296 32,008 29,763
Occupancy expenses, net 4,742 4,776 4,881
Equipment expenses 2,785 2,602 2,498
Data processing and communications expenses 4,648 4,300 4,031
Bank franchise tax 2,421 2,426 2,421
Amortization of intangibles 0 449 405
Deposit insurance expense 841 1,536 1,746
Other real estate expenses, net 2,189 1,708 5,318
Legal expenses 474 843 856
Loss on debt extinguishment 3,776
Other 7,228 7,302 7,359
Total noninterest expense 61,400 57,950 59,278
Income before income taxes 23,046 20,285 22,558
Income tax expense 6,441 5,293 6,099
Net income 16,605 14,992 16,459
Less preferred stock dividends and discount accretion 395 1,927
Net income available to common shareholders $ 16,605 $ 14,597 $ 14,532
Per Common Share      
Net income – basic and diluted (in dollars per share) $ 2.21 $ 1.95 $ 1.94
Cash dividends declared - common, per share (in dollars per share) $ 0.31
Weighted Average Common Shares Outstanding      
Basic and diluted (in shares) 7,504 7,494 7,483