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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Interest and fees on loans $ 54,557 $ 49,514 $ 160,261 $ 147,111
Taxable interest and dividends on securities 5,455 4,563 14,934 13,903
Nontaxable interest and dividends on securities 31 36 95 110
Interest on loans held for sale 64 159 173 306
Interest on federal funds sold and short-term investments 121 96 212 203
Total interest and dividend income 60,228 54,368 175,675 161,633
Interest expense        
Interest on deposits 2,951 2,735 8,636 8,314
Interest on borrowings 2,232 2,070 6,997 7,095
Total interest expense 5,183 4,805 15,633 15,409
Net interest income 55,045 49,563 160,042 146,224
Provision for loan losses 800 1,901 1,000 8,653
Net interest income after provision for loan losses 54,245 47,662 159,042 137,571
Noninterest income        
Deposit account fees 4,754 4,656 13,385 13,478
Interchange and ATM fees 3,949 3,375 10,817 9,672
Investment management 4,981 5,016 15,616 14,755
Mortgage banking income 1,480 1,015 3,832 2,379
Loan level derivative income 968 381 2,816 1,452
Increase in cash surrender value of life insurance policies 958 774 2,685 2,217
Gain Realized on Life Insurance Policies 0 0 0 1,964
Available-For-Sale- Securities - Equity - Gross Realized Gains 0 67 19 138
Available-For-Sale Securities - Fixed Income Gross Realized Gains 0 0 798 0
Other noninterest income 2,157 1,814 6,096 5,414
Total noninterest income 19,247 17,098 56,064 51,469
Noninterest expenses        
Salaries and employee benefits 26,685 23,651 78,291 69,574
Occupancy and equipment expenses 5,443 5,027 17,509 16,474
Data processing & facilities management 1,112 1,178 3,462 3,609
FDIC assessment 1,020 957 2,993 2,828
Advertising expense 1,414 1,179 4,101 3,252
Consulting expense 867 737 2,451 2,105
Legal Fees 746 547 1,462 1,397
Available-For-Sale Securities - Equity Gross Realized Losses 0 0 8 0
Available-for-Sale Securities - Fixed Income Gross Realized Losses 0 0 1,124 0
Loss on termination of derivatives 0 0 0 1,122
Business Combination, Acquisition Related Costs 0 677 10,501 754
Other noninterest expenses 9,744 8,654 28,750 26,359
Total noninterest expenses 47,031 42,607 150,652 127,474
Income before income taxes 26,461 22,153 64,454 61,566
Provision for income taxes 7,867 6,415 18,949 17,699
Net income $ 18,594 $ 15,738 $ 45,505 $ 43,867
Basic earnings per share (in dollars per share) $ 0.71 $ 0.66 $ 1.77 $ 1.84
Diluted earnings per share (in dollars per share) $ 0.71 $ 0.66 $ 1.76 $ 1.83
Weighted average common shares (basic) (in shares) 26,200,621 23,911,678 25,774,571 23,876,391
Common shares equivalents (in shares) 63,493 90,685 72,921 95,320
Weighted average common shares (diluted) (in shares) 26,264,114 24,002,363 25,847,492 23,971,711
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 45,505 $ 43,867
Cash dividends declared per common share (in dollars per share) $ 0.26 $ 0.24 $ 0.78 $ 0.72