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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Interest and fees on loans $ 54,016,000 $ 49,393,000 $ 105,704,000 $ 97,597,000
Taxable interest and dividends on securities 4,852,000 4,690,000 9,479,000 9,340,000
Nontaxable interest and dividends on securities 30,000 37,000 64,000 74,000
Interest on loans held for sale 58,000 96,000 109,000 147,000
Interest on federal funds sold and short-term investments 60,000 69,000 91,000 106,000
Total interest and dividend income 59,016,000 54,285,000 115,447,000 107,264,000
Interest expense        
Interest on deposits 2,922,000 2,789,000 5,685,000 5,579,000
Interest on borrowings 2,347,000 2,443,000 4,765,000 5,026,000
Total interest expense 5,269,000 5,232,000 10,450,000 10,605,000
Net interest income 53,747,000 49,053,000 104,997,000 96,659,000
Provision for loan losses 700,000 2,250,000 200,000 6,752,000
Net interest income after provision for loan losses 53,047,000 46,803,000 104,797,000 89,907,000
Noninterest income        
Deposit account fees 4,465,000 4,463,000 8,631,000 8,821,000
Interchange and ATM fees 3,767,000 3,322,000 6,868,000 6,298,000
Investment management 5,528,000 5,136,000 10,635,000 9,739,000
Mortgage banking income 1,226,000 877,000 2,352,000 1,364,000
Loan level derivative income 1,430,000 324,000 1,848,000 1,070,000
Increase in cash surrender value of life insurance policies 949,000 721,000 1,727,000 1,443,000
Gain Realized on Life Insurance Policies 0 337,000 0 1,964,000
Available-For-Sale- Securities - Equity - Gross Realized Gains 19,000 (20,000) 19,000 71,000
Available-For-Sale Securities - Fixed Income Gross Realized Gains 798,000 0 798,000 0
Other noninterest income 2,079,000 1,697,000 3,939,000 3,602,000
Total noninterest income 20,261,000 16,857,000 36,817,000 34,372,000
Noninterest expenses        
Salaries and employee benefits 26,318,000 22,843,000 51,606,000 45,923,000
Occupancy and equipment expenses 5,672,000 5,301,000 12,066,000 11,447,000
Data processing & facilities management 1,228,000 1,179,000 2,350,000 2,432,000
FDIC assessment 1,017,000 966,000 1,973,000 1,871,000
Advertising expense 1,853,000 1,249,000 2,687,000 2,073,000
Consulting expense 829,000 810,000 1,585,000 1,368,000
Available-For-Sale Securities - Equity Gross Realized Losses 8,000 0 8,000 0
Available-for-Sale Securities - Fixed Income Gross Realized Losses 1,124,000 0 1,124,000 0
Loss on termination of derivatives 0 1,122,000 0 1,122,000
Business Combination, Acquisition Related Costs 271,000 0 10,501,000 77,000
Other noninterest expenses 10,324,000 9,510,000 19,722,000 18,553,000
Total noninterest expenses 48,644,000 42,980,000 103,622,000 84,866,000
Income before income taxes 24,664,000 20,680,000 37,992,000 39,413,000
Provision for income taxes 7,213,000 5,934,000 11,082,000 11,284,000
Net income $ 17,451,000 $ 14,746,000 $ 26,910,000 $ 28,129,000
Basic earnings per share (in dollars per share) $ 0.67 $ 0.62 $ 1.05 $ 1.18
Diluted earnings per share (in dollars per share) $ 0.67 $ 0.61 $ 1.05 $ 1.17
Weighted average common shares (basic) (in shares) 26,149,593 23,897,413 25,558,016 23,858,456
Common shares equivalents (in shares) 71,819 94,560 76,626 97,544
Weighted average common shares (diluted) (in shares) 26,221,412 23,991,973 25,634,642 23,956,000
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 26,910,000 $ 28,129,000
Cash dividends declared per common share (in dollars per share) $ 0.26 $ 0.24 $ 0.52 $ 0.48