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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Loans, leases and fees $ 28,211 $ 27,558 $ 56,107 $ 54,456
Federal funds sold and interest-bearing deposits with banks 11 9 23 22
Taxable investment securities and other 2,688 2,515 5,362 5,061
Tax-exempt investment securities 398 467 808 940
TOTAL INTEREST INCOME 31,308 30,549 62,300 60,479
INTEREST EXPENSE        
Deposits 1,346 1,243 2,629 2,506
Federal funds purchased and securities sold under agreements to repurchase 37 35 59 50
Other borrowings 1,256 852 2,425 1,659
TOTAL INTEREST EXPENSE 2,639 2,130 5,113 4,215
NET INTEREST INCOME 28,669 28,419 57,187 56,264
Provision for loan and lease losses 740 1,593 1,610 3,082
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 27,929 26,826 55,577 53,182
NONINTEREST INCOME        
Service charges on deposit accounts 2,450 2,663 4,790 5,222
Commissions and fees 1,196 1,082 2,503 2,095
Gains on sales and calls of investment securities 17   17 2
Gains on sales of loans 464 152 729 235
Income on bank owned life insurance 388 365 1,087 725
Other income 443 109 570 165
TOTAL NONINTEREST INCOME 4,958 4,371 9,696 8,444
NONINTEREST EXPENSE        
Salaries and employee benefits 12,144 11,200 23,894 22,013
Net occupancy expense 2,273 2,041 4,821 4,658
Furniture and equipment 1,629 1,660 3,285 3,353
Stationery, supplies and postage 377 334 742 688
Marketing expense 416 476 656 862
FDIC insurance expense 531 511 1,049 1,012
Legal expense 325 219 441 492
Expenses on other real estate owned and other repossessed assets 27 100 19 115
Core deposit intangible amortization 107 119 218 242
Other expenses 3,366 2,870 6,112 5,837
TOTAL NONINTEREST EXPENSE 21,195 19,530 41,237 39,272
Income before provision for income taxes 11,692 11,667 24,036 22,354
Income tax expense 3,830 3,886 7,844 7,410
NET INCOME $ 7,862 $ 7,781 $ 16,192 $ 14,944
PER SHARE OF COMMON STOCK        
Basic earnings $ 0.21 $ 0.20 $ 0.42 $ 0.39
Diluted earnings 0.21 0.20 0.42 0.39
Dividends $ 0.085 $ 0.071 $ 0.160 $ 0.142