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CONSOLIDATED STATEMENTS OF INCOME - 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 and leases $ 36,928 $ 33,031 $ 73,134 $ 65,170
Interest on loans held for sale 64 132 198 208
Interest on deposits with banks 54 22 107 44
Interest and dividends on investment securities:        
Taxable 2,840 3,850 6,126 7,427
Exempt from federal income taxes 1,916 1,814 3,889 4,072
Interest on federal funds sold 1 0 2 0
Total interest income 41,803 38,849 83,456 76,921
Interest Expense:        
Interest on deposits 2,041 1,367 3,878 2,561
Interest on retail repurchase agreements and federal funds purchased 72 60 138 110
Interest on advances from FHLB 2,739 3,266 6,113 6,502
Interest on subordinated debt 219 223 473 442
Total interest expense 5,071 4,916 10,602 9,615
Net interest income 36,732 33,933 72,854 67,306
Provision (credit) for loan and lease losses 2,957 1,218 4,193 1,815
Net interest income after provision (credit) for loan and lease losses 33,775 32,715 68,661 65,491
Non-interest Income:        
Investment securities gains 150 19 1,919 19
Service charges on deposit accounts 1,956 1,839 3,859 3,721
Mortgage banking activities 1,106 822 1,641 2,000
Wealth management income 4,448 5,161 8,853 10,077
Insurance agency commissions 949 881 2,394 2,499
Income from bank owned life insurance 615 606 1,230 1,319
Visa check fees 1,220 1,220 2,309 2,277
Other income 2,307 1,561 3,909 3,356
Total non-interest income 12,751 12,109 26,114 25,268
Non-interest Expenses:        
Salaries and employee benefits 17,221 17,534 35,451 34,833
Occupancy expense of premises 3,162 3,173 6,635 6,662
Equipment expenses 1,693 1,490 3,357 2,863
Marketing 662 942 1,343 1,473
Outside data services 1,355 1,102 2,718 2,363
FDIC insurance 649 654 1,286 1,285
Amortization of intangible assets 28 106 60 213
Litigation Expense 0 162 0 362
Other Expense 6,101 4,314 12,338 8,667
Total non-interest expenses 30,871 29,477 63,188 58,721
Income before income taxes 15,655 15,347 31,587 32,038
Income tax expense 5,008 5,014 10,127 10,480
Net income $ 10,647 $ 10,333 $ 21,460 $ 21,558
Net Income Per Share Amounts:        
Basic net income per share $ 0.45 $ 0.42 $ 0.9 $ 0.87
Diluted net income per share 0.44 0.42 0.89 0.87
Dividends declared per share $ 0.24 $ 0.22 $ 0.48 $ 0.44