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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and fees on loans      
Taxable $ 124,830 $ 110,097 $ 105,317
Tax exempt 462 464 470
Interest and dividends on securities      
Taxable 9,421 8,564 8,176
Tax exempt 3,885 3,355 3,281
Interest on short-term investments 353 59 44
Total interest income 138,951 122,539 117,288
Interest on deposits 18,944 15,415 13,568
Interest on borrowings      
Short-term 352 188 388
Long-term 1,174 1,009 1,029
Total interest expense 20,470 16,612 14,985
NET INTEREST INCOME 118,481 105,927 102,303
Provision for loan losses 1,150 0 0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 117,331 105,927 102,303
NONINTEREST INCOME      
Wealth advisory fees 4,805 4,531 4,072
Investment brokerage fees 1,010 1,507 3,370
Service charges on deposit accounts 12,013 10,608 9,495
Loan, insurance and service fees 7,681 7,460 6,799
Merchant card fee income 2,098 1,843 1,549
Bank owned life insurance income 1,392 1,338 1,393
Other income 2,213 2,974 2,978
Mortgage banking income 1,586 1,176 621
Net securities gains (losses) 66 42 (224)
Total noninterest income 32,864 31,479 30,053
NONINTEREST EXPENSE      
Salaries and employee benefits 41,934 38,923 38,648
Net occupancy expense 4,266 3,820 3,776
Equipment costs 3,850 3,598 3,231
Data processing fees and supplies 8,148 7,592 6,171
Corporate and business development 3,328 3,173 3,073
FDIC insurance and other regulatory fees 2,001 2,044 1,936
Professional fees 3,208 2,794 2,990
Other expense 6,243 6,262 6,341
Total noninterest expense 72,978 68,206 66,166
INCOME BEFORE INCOME TAX EXPENSE 77,217 69,200 66,190
Income tax expense 25,133 22,833 22,385
NET INCOME $ 52,084 $ 46,367 $ 43,805
BASIC WEIGHTED AVERAGE COMMON SHARES 25,056,095 24,926,354 24,803,295
BASIC EARNINGS PER COMMON SHARE $ 2.08 $ 1.86 $ 1.77
DILUTED WEIGHTED AVERAGE COMMON SHARES 25,460,727 25,245,569 25,172,183
DILUTED EARNINGS PER COMMON SHARE $ 2.05 $ 1.84 $ 1.74