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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Loans, including fees $ 62,450 $ 53,956 $ 179,908 $ 157,133
Investment Securities:        
Taxable 2,988 2,570 8,783 7,704
Tax-exempt 896 907 2,744 2,764
Dividends 389 375 1,352 1,077
Total Interest Income 66,723 57,808 192,787 168,678
INTEREST EXPENSE        
Deposits 6,748 5,119 18,103 14,403
Borrowings and junior subordinated debt securities 2,519 1,234 6,779 3,474
Total Interest Expense 9,267 6,353 24,882 17,877
NET INTEREST INCOME 57,456 51,455 167,905 150,801
Provision for loan losses 2,850 2,516 12,901 12,379
Net Interest Income After Provision for Loan Losses 54,606 48,939 155,004 138,422
NONINTEREST INCOME        
Securities gains (losses), net 0 0 3,987 0
Service charges on deposit accounts 3,207 3,208 9,218 9,272
Debit and credit card 3,067 3,163 8,952 8,818
Wealth management 2,406 2,565 7,237 7,947
Insurance 1,333 1,208 4,258 4,187
Bank owned life insurance 1,209 532 2,249 1,569
Mortgage banking 872 1,077 2,280 2,185
Gain on sale of credit card portfolio 0 0 0 2,066
Other 1,457 1,695 4,631 5,669
Total Noninterest Income 13,551 13,448 42,812 41,713
NONINTEREST EXPENSE        
Salaries and employee benefits 20,325 19,011 60,770 57,539
Net occupancy 2,692 2,776 8,258 8,413
Data processing 2,284 2,128 6,670 6,758
Furniture and equipment 1,890 1,932 5,746 5,580
Other taxes 1,208 1,080 3,268 3,076
FDIC insurance 1,152 1,005 3,461 2,938
Professional services and legal 870 817 2,871 2,545
Marketing 766 896 2,468 2,872
Other 5,366 4,794 16,448 17,886
Total Noninterest Expense 36,553 34,439 109,960 107,607
Income Before Taxes 31,604 27,948 87,856 72,528
Provision for income taxes 8,883 7,367 24,182 18,795
Net Income $ 22,721 $ 20,581 $ 63,674 $ 53,733
Earnings per share—basic (in dollars per share) $ 0.65 $ 0.59 $ 1.83 $ 1.55
Earnings per share—diluted (in dollars per share) 0.65 0.59 1.82 1.54
Dividends declared per share (in dollars per share) $ 0.20 $ 0.19 $ 0.60 $ 0.57
Comprehensive Income $ 22,975 $ 19,686 $ 64,854 $ 64,547