XML 65 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Loans, including fees $ 48,933 $ 36,614 $ 88,859 $ 72,263
Investment securities:        
Taxable 2,394 2,060 4,777 3,960
Tax-exempt 998 979 2,018 1,908
Dividends 286 219 872 406
Total Interest Income 52,611 39,872 96,526 78,537
INTEREST EXPENSE        
Deposits 3,051 2,476 6,058 4,986
Borrowings and junior subordinated debt securities 749 541 1,398 1,105
Total Interest Expense 3,800 3,017 7,456 6,091
NET INTEREST INCOME 48,811 36,855 89,070 72,446
Provision for loan losses 2,059 (1,134) 3,266 (845)
Net Interest Income After Provision for Loan Losses 46,752 37,989 85,804 73,291
NONINTEREST INCOME        
Securities (losses) gains, net (34) 40 (34) 41
Debit and credit card fees 3,020 2,724 5,736 5,226
Wealth management fees 2,930 2,837 5,853 5,792
Service charges on deposit accounts 2,877 2,574 5,459 5,083
Insurance fees 1,391 1,425 3,041 3,102
Mortgage banking 782 264 1,308 396
Other 2,417 1,907 4,104 3,547
Total Noninterest Income 13,383 11,771 25,467 23,187
NONINTEREST EXPENSE        
Salaries and employee benefits 17,455 15,772 34,235 31,148
Net occupancy 2,682 1,984 5,270 4,214
Data processing 2,555 2,219 4,876 4,314
Furniture and equipment 1,582 1,277 2,808 2,548
Marketing 1,193 960 2,009 1,578
Other taxes 1,159 893 2,002 1,524
Merger related expenses 866 0 3,167 0
FDIC insurance 808 579 1,503 1,210
Professional services and legal 801 875 1,324 1,538
Other 6,348 5,606 11,876 11,005
Total Noninterest Expense 35,449 30,165 69,070 59,079
Income Before Taxes 24,686 19,595 42,201 37,399
Provision for income taxes 6,498 4,875 11,178 8,646
Net Income $ 18,188 $ 14,720 $ 31,023 $ 28,753
Earnings per share—basic (in dollars per share) $ 0.52 $ 0.49 $ 0.94 $ 0.97
Earnings per share—diluted (in dollars per share) 0.52 0.49 0.94 0.97
Dividends declared per share (in dollars per share) $ 0.18 $ 0.17 $ 0.36 $ 0.33
Comprehensive Income $ 14,695 $ 18,343 $ 31,335 $ 35,421