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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Interest and fees on loans $ 62,287 $ 55,636 $ 121,080 $ 109,905
Taxable interest and dividends on securities 5,609 5,269 10,976 10,466
Nontaxable interest and dividends on securities 26 29 52 61
Interest on loans held for sale 21 57 35 89
Interest on federal funds sold and short-term investments 190 169 397 380
Total interest and dividend income 68,133 61,160 132,540 120,901
Interest expense        
Interest on deposits 2,912 2,738 5,679 5,606
Interest on borrowings 1,466 1,889 2,906 3,871
Total interest expense 4,378 4,627 8,585 9,477
Net interest income 63,755 56,533 123,955 111,424
Provision for loan losses 1,050 600 1,650 1,125
Net interest income after provision for loan losses 62,705 55,933 122,305 110,299
Noninterest income        
Deposit account fees 4,392 4,618 8,936 9,213
Interchange and ATM fees 4,434 4,136 8,356 7,860
Investment management 5,995 5,734 11,609 10,737
Mortgage banking income 1,314 1,363 2,271 2,495
Available-For-Sale- Securities - Equity - Gross Realized Gains 3 5 7 5
Increase in cash surrender value of life insurance policies 1,017 982 1,981 1,996
Loan level derivative income 1,337 2,095 1,943 3,817
Other noninterest income 2,906 2,162 5,207 4,127
Total noninterest income 21,398 21,095 40,310 40,250
Noninterest expenses        
Salaries and employee benefits 28,654 26,977 56,978 54,166
Occupancy and equipment expenses 6,059 5,667 12,217 11,494
Data processing & facilities management 1,188 1,225 2,460 2,431
FDIC assessment 778 920 1,561 1,930
Advertising expense 1,365 1,223 2,659 2,480
Professional Fees 1,262 864 1,816 1,465
Debit Card Expense 852 744 1,624 1,432
Loss on extinguishment of debt 0 0 0 437
Available-For-Sale Securities - Equity Gross Realized Losses 2 3 5 32
Business Combination, Acquisition Related Costs 2,909 206 3,393 540
Software Maintenance 896 735 1,826 1,489
Other noninterest expenses 8,844 8,582 17,043 15,732
Total noninterest expenses 52,809 47,146 101,582 93,628
Income before income taxes 31,294 29,882 61,033 56,921
Provision for income taxes 10,731 9,508 19,745 17,936
Net income $ 20,563 $ 20,374 $ 41,288 $ 38,985
Basic earnings per share (in dollars per share) $ 0.75 $ 0.77 $ 1.52 $ 1.48
Diluted earnings per share (in dollars per share) $ 0.75 $ 0.77 $ 1.52 $ 1.48
Weighted average common shares (basic) (in shares) 27,257,799 26,304,129 27,144,350 26,289,726
Common shares equivalents (in shares) 74,497 47,885 78,757 45,679
Weighted average common shares (diluted) (in shares) 27,332,296 26,352,014 27,223,107 26,335,405
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 41,288 $ 38,985
Cash dividends declared per common share (in dollars per share) $ 0.32 $ 0.29 $ 0.64 $ 0.58