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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Interest and fees on loans $ 65,667 $ 56,778 $ 186,747 $ 166,683
Interest Income, Securities, Operating, Taxable 5,642 5,034 16,618 15,500
Nontaxable interest and dividends on securities 19 28 71 89
Interest on loans held for sale 33 81 68 170
Interest on federal funds sold and short-term investments 417 387 814 767
Total interest and dividend income 71,778 62,308 204,318 183,209
Interest expense        
Interest on deposits 3,331 2,733 9,010 8,339
Interest on borrowings 1,374 1,907 4,280 5,778
Total interest expense 4,705 4,640 13,290 14,117
Net interest income 67,073 57,668 191,028 169,092
Provision for loan losses 0 950 1,650 2,075
Net interest income after provision for loan losses 67,073 56,718 189,378 167,017
Noninterest income        
Deposit account fees 4,401 4,766 13,337 13,979
Interchange and ATM fees 4,525 4,190 12,881 12,050
Investment management 5,967 5,446 17,576 16,183
Mortgage banking income 1,338 1,963 3,609 4,458
Available-For-Sale- Securities - Equity - Gross Realized Gains 12 0 19 5
Increase in cash surrender value of life insurance policies 1,019 984 3,000 2,980
Loan level derivative income 784 810 2,727 4,627
Other noninterest income 2,724 2,257 7,931 6,384
Total noninterest income 20,770 20,416 61,080 60,666
Noninterest expenses        
Salaries and employee benefits 29,289 27,395 86,267 81,561
Occupancy and equipment expenses 6,085 5,433 18,302 16,927
Data processing & facilities management 1,272 1,400 3,732 3,831
FDIC assessment 673 725 2,234 2,655
Advertising expense 1,359 1,654 4,018 4,134
Professional Fees 937 770 2,753 2,235
Debit Card Expense 992 730 2,616 2,162
Legal Fees 1,423 321 2,074 1,132
Loss on extinguishment of debt 0 0 0 437
Available-For-Sale Securities - Equity Gross Realized Losses 1 0 6 32
Business Combination, Acquisition Related Costs 0 151 3,393 691
Mortgage operations expense 723 820 1,896 1,880
Software Maintenance 888 765 2,714 2,254
Other noninterest expenses 7,668 6,693 22,887 20,554
Total noninterest expenses 51,310 46,857 152,892 140,485
Income before income taxes 36,533 30,277 97,566 87,198
Provision for income taxes 12,681 9,793 32,426 27,729
Net income $ 23,852 $ 20,484 $ 65,140 $ 59,469
Basic earnings per share (in dollars per share) $ 0.87 $ 0.78 $ 2.39 $ 2.26
Diluted earnings per share (in dollars per share) $ 0.87 $ 0.78 $ 2.38 $ 2.26
Weighted average common shares (basic) (in shares) 27,436,792 26,324,316 27,242,902 26,301,340
Common shares equivalents (in shares) 76,307 53,072 78,043 48,354
Weighted average common shares (diluted) (in shares) 27,513,099 26,377,388 27,320,945 26,349,694
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 65,140 $ 59,469
Cash dividends declared per common share (in dollars per share) $ 0.32 $ 0.29 $ 0.96 $ 0.87