XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and fees on loans and leases:        
Taxable $ 35,102 $ 22,311 $ 68,802 $ 44,161
Exempt from federal income taxes 2,084 1,774 4,119 3,490
Total interest and fees on loans and leases 37,186 24,085 72,921 47,651
Interest and dividends on investment securities:        
Taxable 1,833 1,188 3,521 2,462
Exempt from federal income taxes 576 710 1,175 1,444
Interest on deposits with other banks 38 9 55 37
Interest and dividends on other earning assets 397 120 754 252
Total interest income 40,030 26,112 78,426 51,846
Interest expense        
Interest on deposits 2,461 1,458 4,652 2,991
Interest on short-term borrowings 325 320 587 323
Interest on long-term debt and subordinated notes 1,944 673 3,604 1,348
Total interest expense 4,730 2,451 8,843 4,662
Net interest income 35,300 23,661 69,583 47,184
Provision for loan and lease losses 2,766 830 5,211 1,156
Net interest income after provision for loan and lease losses 32,534 22,831 64,372 46,028
Noninterest income        
Trust fee income 2,016 1,997 3,923 3,862
Service charges on deposit accounts 1,313 1,056 2,556 2,054
Investment advisory commission and fee income 3,333 2,776 6,514 5,447
Insurance commission and fee income 3,628 3,503 8,038 8,061
Other service fee income 2,245 1,931 4,232 3,762
Bank owned life insurance income 1,622 535 2,405 1,005
Net gain on sales of investment securities 21 413 36 457
Net gain on mortgage banking activities 1,537 1,711 2,650 2,929
Other income 294 79 625 255
Total noninterest income 16,009 14,001 30,979 27,832
Noninterest expense        
Salaries and benefits 16,353 14,080 33,010 28,262
Commissions 2,374 2,363 4,424 4,258
Net occupancy 2,684 2,096 5,349 4,196
Equipment 1,031 750 2,024 1,526
Data processing 2,081 1,530 4,139 2,811
Professional fees 1,248 947 2,487 1,967
Marketing and advertising 475 513 854 1,051
Deposit insurance premiums 451 418 853 865
Intangible expenses 446 991 1,205 1,757
Acquisition-related costs 0 1,158 0 1,372
Integration costs 0 27 0 33
Other expense 5,405 4,673 10,233 8,387
Total noninterest expense 32,548 29,546 64,578 56,485
Income before income taxes 15,995 7,286 30,773 17,375
Income taxes 4,217 2,046 8,139 4,846
Net income $ 11,778 $ 5,240 $ 22,634 $ 12,529
Net income per share:        
Basic (in dollars per share) $ 0.44 $ 0.27 $ 0.85 $ 0.64
Diluted (in dollars per share) 0.44 0.27 0.85 0.64
Dividends declared (in dollars per share) $ 0.20 $ 0.20 $ 0.40 $ 0.40