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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income        
Interest on loans $ 49,393 $ 47,720 $ 97,597 $ 94,699
Taxable interest and dividends on securities 4,690 3,506 9,340 7,035
Nontaxable interest and dividends on securities 37 11 74 22
Interest on loans held for sale 96 237 147 505
Interest on federal funds sold 69 21 106 55
Total interest and dividend income 54,285 51,495 107,264 102,316
Interest expense        
Interest on deposits 2,789 2,543 5,579 5,208
Interest on borrowings 2,443 3,337 5,026 6,630
Total interest expense 5,232 5,880 10,605 11,838
Net interest income 49,053 45,615 96,659 90,478
Provision for loan losses 2,250 3,100 6,752 4,400
Net interest income after provision for loan losses 46,803 42,515 89,907 86,078
Noninterest income        
Deposit account fees 4,463 4,343 8,821 8,559
Interchange and ATM fees 3,322 2,761 6,298 5,089
Investment management 5,136 4,357 9,739 8,242
Mortgage banking income 877 1,669 1,364 3,951
Loan level derivative income 324 816 1,070 1,348
Increase in cash surrender value of life insurance policies 721 786 1,443 1,531
Gain on life insurance benefits 337 0 1,964 0
Gain (Loss) on Sale of Equity Investments (20) 4 71 (4)
Other noninterest income 1,697 1,956 3,602 3,698
Total noninterest income 16,857 16,692 34,372 32,414
Noninterest expenses        
Salaries and employee benefits 22,843 21,594 45,923 44,309
Occupancy and equipment expenses 5,301 4,919 11,447 10,169
Data processing & facilities management 1,179 1,201 2,432 2,385
FDIC assessment 966 934 1,871 1,755
Advertising expense 1,249 1,479 2,073 2,652
Consulting expense 810 666 1,368 1,377
Debit Card Expense 528 773 1,143 1,443
Legal Fees 319 743 850 1,245
Loss on termination of derivatives 1,122    1,122 0
Business Combination, Acquisition Related Costs    754 77 2,099
Mortgage operations expense 501 715 838 1,059
Software Maintenance 608 597 1,271 1,279
Other noninterest expenses 7,554 7,789 14,451 15,311
Total noninterest expenses 42,980 42,164 84,866 85,083
Income before income taxes 20,680 17,043 39,413 33,409
Provision for income taxes 5,934 4,285 11,284 8,399
Net income $ 14,746 $ 12,758 $ 28,129 $ 25,010
Basic earnings per share (in dollars per share) $ 0.62 $ 0.56 $ 1.18 $ 1.09
Diluted earnings per share (in dollars per share) $ 0.61 $ 0.56 $ 1.17 $ 1.09
Weighted average common shares (basic) (in shares) 23,897,413 22,888,155 23,858,456 22,856,132
Common shares equivalents (in shares) 94,560 52,144 97,544 49,104
Weighted average common shares (diluted) (in shares) 23,991,973 22,940,299 23,956,000 22,905,236
Cash dividends declared per common share (in dollars per share) $ 0.24 $ 0.22 $ 0.48 $ 0.44