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CONDENSED 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 and leases $ 43,891 $ 38,224 $ 126,861 $ 111,358
Interest on loans held for sale 119 96 273 294
Interest on deposits with banks 108 49 289 156
Interest and dividends on investment securities:        
Taxable 3,410 2,623 10,572 8,749
Exempt from federal income taxes 2,053 1,864 6,110 5,753
Interest on federal funds sold 8 1 18 3
Total interest income 49,589 42,857 144,123 126,313
Interest Expense:        
Interest on deposits 3,701 2,128 9,212 6,006
Interest on retail repurchase agreements and federal funds purchased 83 74 238 212
Interest on advances from FHLB 3,108 2,699 9,385 8,812
Interest on subordinated debt 0 225 12 698
Total interest expense 6,892 5,126 18,847 15,728
Net interest income 42,697 37,731 125,276 110,585
Provision for loan losses 934 781 2,450 4,974
Net interest income after provision for loan losses 41,763 36,950 122,826 105,611
Non-interest Income:        
Investment securities gains 0 0 1,275 1,919
Service charges on deposit accounts 2,140 2,035 6,121 5,894
Mortgage banking activities 632 1,129 2,080 2,770
Wealth management income 4,864 4,347 14,092 13,200
Insurance agency commissions 1,950 1,786 4,924 4,180
Income from bank owned life insurance 609 616 1,808 1,846
Bank card fees 1,211 1,189 3,609 3,498
Other income 1,340 1,482 5,040 5,391
Total non-interest income 12,746 12,584 38,949 38,698
Non-interest Expenses:        
Salaries and employee benefits 18,442 17,848 54,525 53,299
Occupancy expense of premises 3,294 3,130 9,907 9,765
Equipment expenses 1,722 1,745 5,213 5,102
Marketing 784 628 2,223 1,971
Outside data services 1,286 1,349 4,045 4,067
FDIC insurance 850 726 2,478 2,012
Amortization of intangible assets 25 34 76 94
Merger expenses 345 0 1,332 0
Other Expense 4,443 3,866 14,241 16,204
Total non-interest expenses 31,191 29,326 94,040 92,514
Income before income taxes 23,318 20,208 67,735 51,795
Income tax expense 8,229 6,734 22,793 16,861
Net income $ 15,089 $ 13,474 $ 44,942 $ 34,934
Per share information:        
Basic net income per share $ 0.62 $ 0.56 $ 1.86 $ 1.45
Diluted net income per share 0.62 0.56 1.86 1.45
Dividends declared per common share $ 0.26 $ 0.24 $ 0.78 $ 0.72