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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME:        
Loans, including fees $ 34,040 $ 30,916 $ 99,247 $ 91,188
Taxable investment securities 1,733 1,896 5,285 5,663
Federal Home Loan Bank stock and other 334 332 1,058 1,195
Total interest income 36,107 33,144 105,590 98,046
INTEREST EXPENSE:        
Deposits 1,068 930 3,233 2,845
Securities sold under agreements to repurchase and other short-term borrowings 17 28 72 72
Federal Home Loan Bank advances 2,982 3,116 8,907 9,947
Subordinated note 616 628 1,874 1,886
Total interest expense 4,683 4,702 14,086 14,750
NET INTEREST INCOME 31,424 28,442 91,504 83,296
Provision for loan and lease losses 2,233 1,510 3,322 1,500
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 29,191 26,932 88,182 81,796
NON-INTEREST INCOME:        
Service charges on deposit accounts 3,399 3,568 9,685 10,426
Net refund transfer fees 97 (133) 17,339 16,091
Mortgage banking income 972 876 3,549 2,174
Interchange fee income 1,967 1,619 6,205 5,344
Gain on call of securities available for sale     88  
Net loss on other real estate owned (8) (758) (282) (1,309)
Increase in cash surrender value of bank owned life insurance 348 381 1,050 951
Other 1,031 974 2,643 2,646
Total non-interest income 7,806 6,527 40,277 36,323
NON-INTEREST EXPENSES:        
Salaries and employee benefits 15,297 12,164 44,897 40,612
Occupancy and equipment, net 5,217 5,544 15,560 16,874
Communication and transportation 951 905 2,768 2,787
Marketing and development 756 1,135 2,318 2,466
FDIC insurance expense 474 424 1,622 1,407
Bank franchise tax expense 846 731 4,094 3,901
Data processing 959 824 3,017 2,495
Interchange related expense 909 788 2,847 2,632
Supplies 229 205 809 705
Other real estate owned expense 146 218 485 916
Legal and professional fees 653 730 2,796 2,179
Other 1,801 1,537 5,264 4,714
Total non-interest expenses 28,238 25,205 86,477 81,688
INCOME BEFORE INCOME TAX EXPENSE 8,759 8,254 41,982 36,431
INCOME TAX EXPENSE 3,119 3,008 14,234 12,879
NET INCOME $ 5,640 $ 5,246 $ 27,748 $ 23,552
Class A Common Stock        
BASIC EARNINGS PER COMMON SHARE:        
Basic earnings per share (in dollars per share) $ 0.27 $ 0.25 $ 1.34 $ 1.14
DILUTED EARNINGS PER COMMON SHARE:        
Diluted earnings per share (in dollars per share) 0.27 0.25 1.34 1.13
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) 0.198 0.187 0.583 0.550
Class B Common Stock        
BASIC EARNINGS PER COMMON SHARE:        
Basic earnings per share (in dollars per share) 0.25 0.24 1.22 1.09
DILUTED EARNINGS PER COMMON SHARE:        
Diluted earnings per share (in dollars per share) 0.25 0.24 1.22 1.08
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.180 $ 0.170 $ 0.530 $ 0.500