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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and fees on loans    
Taxable $ 29,630 $ 26,257
Tax exempt 111 117
Interest and dividends on securities    
Taxable 2,546 2,448
Tax exempt 895 829
Interest on short-term investments 28 13
Total interest income 33,210 29,664
Interest on deposits 4,195 3,648
Interest on borrowings    
Short-term 147 60
Long-term 286 256
Total interest expense 4,628 3,964
NET INTEREST INCOME 28,582 25,700
Provision for loan losses 0 0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 28,582 25,700
NONINTEREST INCOME    
Wealth advisory fees 1,160 1,184
Investment brokerage fees 288 492
Service charges on deposit accounts 2,780 2,374
Loan, insurance and service fees 1,838 1,569
Merchant card fee income 497 416
Bank owned life insurance income 173 375
Other income (72) 954
Mortgage banking income 327 389
Net securities gains 52 42
Total noninterest income 7,043 7,795
NONINTEREST EXPENSE    
Salaries and employee benefits 9,605 9,723
Net occupancy expense 1,096 1,084
Equipment costs 901 916
Data processing fees and supplies 2,032 1,767
Corporate and business development 857 790
FDIC insurance and other regulatory fees 523 486
Professional fees 827 689
Other expense 1,543 1,446
Total noninterest expense 17,384 16,901
INCOME BEFORE INCOME TAX EXPENSE 18,241 16,594
Income tax expense 5,962 5,458
NET INCOME $ 12,279 $ 11,136
BASIC WEIGHTED AVERAGE COMMON SHARES 16,679,835 16,590,285
BASIC EARNINGS PER COMMON SHARE $ 0.74 $ 0.67
DILUTED WEIGHTED AVERAGE COMMON SHARES 16,885,204 16,789,497
DILUTED EARNINGS PER COMMON SHARE $ 0.73 $ 0.66