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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Loans, leases and fees $ 47,659 $ 42,740 $ 93,203 $ 83,151
Federal funds sold and interest-bearing deposits with banks 145 132 311 408
Taxable investment securities and other 4,027 3,818 8,019 7,417
Tax-exempt investment securities 429 522 872 1,032
TOTAL INTEREST INCOME 52,260 47,212 102,405 92,008
INTEREST EXPENSE        
Deposits 6,501 3,784 12,256 7,118
Federal funds purchased and securities sold under agreements to repurchase 233 98 367 108
Other borrowings 2,033 1,909 4,053 4,038
TOTAL INTEREST EXPENSE 8,767 5,791 16,676 11,264
NET INTEREST INCOME 43,493 41,421 85,729 80,744
Provision for loan and lease losses 1,492 1,827 2,776 3,045
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 42,001 39,594 82,953 77,699
NONINTEREST INCOME        
Service charges on deposit accounts 2,545 2,674 5,156 5,129
Commissions and fees 1,410 1,135 2,682 2,291
Income on bank owned life insurance 711 500 1,430 926
Gains on sales of loans 300 471 546 869
Gains on sales of investment securities, net 0 (15) 0 2,524
Other income 743 1,346 1,229 2,466
TOTAL NONINTEREST INCOME 5,709 6,111 11,043 14,205
NONINTEREST EXPENSE        
Salaries and employee benefits 16,708 15,096 33,569 30,513
Net occupancy expense 2,603 2,507 5,341 5,343
Furniture and equipment 2,011 1,996 4,217 4,093
FDIC insurance expense 400 425 825 743
Stationery, supplies and postage 443 572 859 1,015
Marketing expense 456 508 817 909
Data processing expense 976 502 1,442 1,055
Telecommunications expense 462 372 883 776
ATM and debit card expense 558 517 1,068 958
Core deposit intangible amortization 153 190 310 385
Other real estate and repossessed asset expense 21 4 67 41
Long-term debt prepayment fee 0 0 0 2,828
Other expenses 2,783 2,677 5,313 5,177
TOTAL NONINTEREST EXPENSE 27,574 25,366 54,711 53,836
Income before provision for income taxes 20,136 20,339 39,285 38,068
Provision for income taxes 4,298 6,969 8,192 12,386
NET INCOME $ 15,838 $ 13,370 $ 31,093 $ 25,682
PER SHARE OF COMMON STOCK        
Basic earnings (in usd per share) $ 0.33 $ 0.28 $ 0.65 $ 0.54
Diluted earnings (in usd per share) 0.33 0.28 0.65 0.53
Dividends (in usd per share) $ 0.115 $ 0.100 $ 0.215 $ 0.195