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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Loans, including fees $ 60,558 $ 52,019 $ 117,458 $ 103,177
Investment Securities:        
Taxable 2,947 2,580 5,796 5,134
Tax-exempt 928 915 1,848 1,857
Dividends 481 336 963 702
Total Interest Income 64,914 55,850 126,065 110,870
INTEREST EXPENSE        
Deposits 5,976 5,029 11,355 9,284
Borrowings and junior subordinated debt securities 2,368 1,113 4,261 2,240
Total Interest Expense 8,344 6,142 15,616 11,524
NET INTEREST INCOME 56,570 49,708 110,449 99,346
Provision for loan losses 4,869 4,848 10,052 9,863
Net Interest Income After Provision for Loan Losses 51,701 44,860 100,397 89,483
NONINTEREST INCOME        
Securities gains (losses), net 3,617 0 3,987 0
Debit and credit card 3,042 2,869 5,885 5,655
Service charges on deposit accounts 2,997 3,065 6,012 6,064
Wealth management 2,428 2,630 4,831 5,382
Insurance 1,461 1,205 2,924 2,979
Mortgage banking 675 578 1,408 1,107
Gain on sale of credit card portfolio 0 0 0 2,066
Other 2,045 2,101 4,214 5,012
Total Noninterest Income 16,265 12,448 29,261 28,265
NONINTEREST EXPENSE        
Salaries and employee benefits 19,903 17,626 40,444 38,528
Net occupancy 2,751 2,688 5,566 5,638
Data processing 2,135 2,518 4,386 4,630
Furniture and equipment 1,810 1,719 3,857 3,648
FDIC insurance 1,185 994 2,308 1,934
Other taxes 1,083 896 2,060 1,995
Professional services and legal 958 988 2,001 1,728
Marketing 948 1,075 1,702 1,976
Other 5,824 6,249 11,082 13,092
Total Noninterest Expense 36,597 34,753 73,406 73,169
Income Before Taxes 31,369 22,555 56,252 44,579
Provision for income taxes 8,604 5,496 15,299 11,427
Net Income $ 22,765 $ 17,059 $ 40,953 $ 33,152
Earnings per share—basic (in dollars per share) $ 0.66 $ 0.49 $ 1.18 $ 0.96
Earnings per share—diluted (in dollars per share) 0.65 0.49 1.17 0.95
Dividends declared per share (in dollars per share) $ 0.20 $ 0.19 $ 0.4 $ 0.38
Comprehensive Income $ 22,503 $ 20,427 $ 41,879 $ 44,861