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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Interest and fees on loans $ 55,636 $ 54,016 $ 109,905 $ 105,704
Taxable interest and dividends on securities 5,269 4,852 10,466 9,479
Nontaxable interest and dividends on securities 29 30 61 64
Interest on loans held for sale 57 58 89 109
Interest on federal funds sold and short-term investments 169 60 380 91
Total interest and dividend income 61,160 59,016 120,901 115,447
Interest expense        
Interest on deposits 2,738 2,922 5,606 5,685
Interest on borrowings 1,889 2,347 3,871 4,765
Total interest expense 4,627 5,269 9,477 10,450
Net interest income 56,533 53,747 111,424 104,997
Provision for loan losses 600 700 1,125 200
Net interest income after provision for loan losses 55,933 53,047 110,299 104,797
Noninterest income        
Deposit account fees 4,471 4,465 8,941 8,631
Interchange and ATM fees 4,136 3,767 7,860 6,868
Investment management 5,734 5,528 10,737 10,635
Mortgage banking income 1,363 1,226 2,495 2,352
Available-For-Sale- Securities - Equity - Gross Realized Gains 5 19 5 19
Available-For-Sale Securities - Fixed Income Gross Realized Gains 0 798 0 798
Increase in cash surrender value of life insurance policies 982 949 1,996 1,727
Loan level derivative income 2,095 1,430 3,817 1,848
Other noninterest income 2,309 2,079 4,399 3,939
Total noninterest income 21,095 20,261 40,250 36,817
Noninterest expenses        
Salaries and employee benefits 26,977 26,318 54,166 51,606
Occupancy and equipment expenses 5,667 5,672 11,494 12,066
Data processing & facilities management 1,225 1,228 2,431 2,350
FDIC assessment 920 1,017 1,930 1,973
Advertising expense 1,223 1,853 2,480 2,687
Consulting expense 864 829 1,465 1,585
Loss on extinguishment of debt 0 0 437 122
Available-For-Sale Securities - Equity Gross Realized Losses 3 8 32 8
Available-for-Sale Securities - Fixed Income Gross Realized Losses 0 1,124 0 1,124
Business Combination, Acquisition Related Costs 206 271 540 10,501
Software Maintenance 735 677 1,489 1,302
Other noninterest expenses 9,326 9,647 17,164 18,298
Total noninterest expenses 47,146 48,644 93,628 103,622
Income before income taxes 29,882 24,664 56,921 37,992
Provision for income taxes 9,508 7,213 17,936 11,082
Net income $ 20,374 $ 17,451 $ 38,985 $ 26,910
Basic earnings per share (in dollars per share) $ 0.77 $ 0.67 $ 1.48 $ 1.05
Diluted earnings per share (in dollars per share) $ 0.77 $ 0.67 $ 1.48 $ 1.05
Weighted average common shares (basic) (in shares) 26,304,129 26,149,593.000 26,289,726 25,558,016
Common shares equivalents (in shares) 47,885 71,819.000 45,679 76,626
Weighted average common shares (diluted) (in shares) 26,352,014 26,221,412 26,335,405 25,634,642
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 38,985 $ 26,910
Cash dividends declared per common share (in dollars per share) $ 0.29 $ 0.26 $ 0.58 $ 0.52