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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 and fees on loans and leases:        
Taxable $ 21,939 $ 15,435 $ 43,193 $ 30,995
Exempt from federal income taxes 1,579 1,369 3,163 2,744
Total interest and fees on loans and leases 23,518 16,804 46,356 33,739
Interest and dividends on investment securities:        
Taxable 1,104 1,011 2,138 2,062
Exempt from federal income taxes 880 893 1,739 1,839
Interest on federal funds sold 0 0 2 0
Other interest income 11 17 16 31
Total interest income 25,513 18,725 50,251 37,671
Interest expense        
Interest on deposits 1,445 969 2,862 1,961
Interest on short-term borrowings 13 12 23 18
Interest on long-term borrowings 675 0 682 0
Total interest expense 2,133 981 3,567 1,979
Net interest income 23,380 17,744 46,684 35,692
Provision for loan and lease losses 1,141 1,251 2,215 2,726
Net interest income after provision for loan and lease losses 22,239 16,493 44,469 32,966
Noninterest income        
Trust fee income 2,154 1,931 3,974 3,830
Service charges on deposit accounts 1,039 1,047 2,102 2,061
Investment advisory commission and fee income 2,740 3,009 5,503 6,058
Insurance commission and fee income 3,434 2,434 7,580 5,766
Other service fee income 1,833 1,897 3,431 3,704
Bank owned life insurance income 211 443 564 821
Net gain on sales of investment securities 181 415 272 557
Net gain on mortgage banking activities 1,367 519 2,625 868
Other income 392 229 731 400
Total noninterest income 13,351 11,924 26,782 24,065
Noninterest expense        
Salaries and benefits 11,957 10,242 25,271 20,913
Commissions 2,155 1,795 3,969 3,385
Net occupancy 2,035 1,687 4,393 3,441
Equipment 1,708 1,410 3,397 2,744
Professional fees 1,066 846 1,873 1,655
Marketing and advertising 551 581 911 942
Deposit insurance premiums 422 397 834 776
Intangible expenses 893 650 1,679 1,410
Acquisition-related costs 41 516 507 559
Integration costs 110 0 1,484 0
Restructuring charges 1,642 0 1,642 0
Other expense 4,252 3,666 8,283 6,848
Total noninterest expense 26,832 21,790 54,243 42,673
Income before income taxes 8,758 6,627 17,008 14,358
Income taxes 2,292 1,547 4,426 3,552
Net income $ 6,466 $ 5,080 $ 12,582 $ 10,806
Net income per share:        
Basic (in dollars per share) $ 0.33 $ 0.31 $ 0.64 $ 0.67
Diluted (in dollars per share) 0.33 0.31 0.63 0.66
Dividends declared $ 0.20 $ 0.20 $ 0.40 $ 0.40