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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income      
Loans, including fees $ 127,611 $ 101,560 $ 87,002
Securities      
Taxable 17,453 14,550 12,004
Tax exempt 13,127 12,000 11,970
Other interest income 356 217 134
Total interest income 158,547 128,327 111,110
Interest expense      
Deposits 6,143 4,169 3,678
Federal Home Loan Bank advances 5,247 4,418 3,387
Subordinated debentures 2,307 1,425 1,264
Other borrowings 1,981 714 56
Total interest expense 15,678 10,726 8,385
Net interest income 142,869 117,601 102,725
Provision for loan losses 1,250 1,705 1,625
Net interest income after provision for loan losses 141,619 115,896 101,100
Non-interest income      
Service charges on deposit accounts 20,901 21,006 22,039
Interchange income 11,868 11,116 9,239
Mortgage banking 10,341 10,044 8,355
Trust and investment product fees 5,620 4,866 4,947
Increase in cash surrender value of life insurance 1,778 1,513 1,236
Net realized gains on securities (includes $84, $170, $386 accumulated other comprehensive income (AOCI) reclassifications for realized net gains on available for sale securities 84 170 386
Gain on sale of foreclosed assets 262 268 68
Other income 2,511 3,629 4,002
Total non-interest income 53,365 52,612 50,272
Non-interest expense      
Salaries and employee benefits 72,614 64,327 57,741
Net occupancy 10,710 9,298 8,326
Equipment 13,770 12,696 11,360
Intangibles amortization 2,011 1,342 1,640
Telecommunications 1,836 1,647 1,775
Stationery printing and supplies 1,255 1,052 1,162
FDIC assessment 1,407 1,560 1,655
Marketing 3,262 3,390 3,193
Collection expense 991 910 1,173
Prepayment penalty on FHLB advance 214   2,364
Acquisition related expenses 9,004 7,130 731
Consultant Expense 0 549 1,106
Interchange expense 3,387 3,376 2,619
Other expenses 12,149 10,771 10,752
Total non-interest expense 132,610 118,048 105,597
Income before income tax 62,374 50,460 45,775
Income tax expense (includes $29, $60, and $135 income tax expense from AOCI reclassification items) 12,936 12,137 10,233
Net income attributable to common shareholders $ 49,438 $ 38,323 $ 35,542
Net income per common share:      
Basic $ 1.97 $ 1.66 $ 1.64
Diluted 1.94 1.64 1.62
Dividend per share $ 0.68 $ 0.61 $ 0.54