XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and fees on loans and leases:        
Taxable $ 22,311 $ 21,939 $ 44,161 $ 43,193
Exempt from federal income taxes 1,774 1,579 3,490 3,163
Total interest and fees on loans and leases 24,085 23,518 47,651 46,356
Interest and dividends on investment securities:        
Taxable 1,188 1,104 2,462 2,138
Exempt from federal income taxes 710 880 1,444 1,739
Interest on federal funds sold 2 0 9 2
Other interest income 9 11 37 16
Total interest income 25,994 25,513 51,603 50,251
Interest expense        
Interest on deposits 1,458 1,445 2,991 2,862
Interest on short-term borrowings 320 13 323 23
Interest on long-term borrowings 673 675 1,348 682
Total interest expense 2,451 2,133 4,662 3,567
Net interest income 23,543 23,380 46,941 46,684
Provision for loan and lease losses 830 1,141 1,156 2,215
Net interest income after provision for loan and lease losses 22,713 22,239 45,785 44,469
Noninterest income        
Trust fee income 1,997 2,154 3,862 3,974
Service charges on deposit accounts 1,056 1,039 2,054 2,102
Investment advisory commission and fee income 2,759 2,740 5,428 5,503
Insurance commission and fee income 3,503 3,434 8,061 7,580
Other service fee income 1,948 1,833 3,781 3,431
Bank owned life insurance income 535 211 1,005 564
Net gain on sales of investment securities 413 181 457 272
Net gain on mortgage banking activities 1,711 1,367 2,929 2,625
Other income 197 392 498 731
Total noninterest income 14,119 13,351 28,075 26,782
Noninterest expense        
Salaries and benefits 14,080 11,957 28,262 25,271
Commissions 2,363 2,155 4,258 3,969
Net occupancy 2,091 2,035 4,187 4,393
Equipment 2,116 1,708 4,004 3,397
Professional fees 947 1,066 1,967 1,873
Marketing and advertising 513 551 1,051 911
Deposit insurance premiums 418 422 865 834
Intangible expenses 996 893 1,766 1,679
Acquisition-related costs 1,158 41 1,372 507
Integration costs 27 110 33 1,484
Restructuring charges 0 1,642 0 1,642
Other expense 4,837 4,252 8,720 8,283
Total noninterest expense 29,546 26,832 56,485 54,243
Income before income taxes 7,286 8,758 17,375 17,008
Income taxes 2,046 2,292 4,846 4,426
Net income $ 5,240 $ 6,466 $ 12,529 $ 12,582
Net income per share:        
Basic (in dollars per share) $ 0.27 $ 0.33 $ 0.64 $ 0.64
Diluted (in dollars per share) 0.27 0.33 0.64 0.64
Dividends declared (in dollars per share) $ 0.20 $ 0.20 $ 0.4 $ 0.40