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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and fees on loans and leases:        
Taxable $ 43,066 $ 37,153 $ 121,653 $ 105,955
Exempt from federal income taxes 2,501 2,106 7,269 6,225
Total interest and fees on loans and leases 45,567 39,259 128,922 112,180
Interest and dividends on investment securities:        
Taxable 2,348 1,855 6,805 5,376
Exempt from federal income taxes 459 550 1,404 1,725
Interest on deposits with other banks 397 133 621 188
Interest and dividends on other earning assets 484 375 1,497 1,129
Total interest income 49,255 42,172 139,249 120,598
Interest expense        
Interest on deposits 6,278 3,068 14,511 7,720
Interest on short-term borrowings 584 169 2,187 756
Interest on long-term debt and subordinated notes 1,970 2,048 5,866 5,652
Total interest expense 8,832 5,285 22,564 14,128
Net interest income [1] 40,423 36,887 116,685 106,470
Provision for loan and lease losses 2,745 2,689 20,207 7,900
Net interest income after provision for loan and lease losses 37,678 34,198 96,478 98,570
Disaggregation of Revenue [Line Items]        
Insurance commission and fee income 3,643 3,492 12,243 11,530
Bank owned life insurance income [1] 865 742 2,744 3,147
Net gain on sales of investment securities 0 7 [1] 10 [1] 43 [1]
Net gain on mortgage banking activities [1] 754 908 2,412 3,558
Other income [2] 116 87 102 712
Total noninterest income 14,861 14,109 45,757 45,088
Noninterest expense        
Salaries, benefits and commissions 20,321 19,185 61,033 56,652
Net occupancy 2,515 2,523 7,805 7,872
Equipment 1,042 1,019 3,132 3,043
Data processing 2,339 2,118 6,662 6,257
Professional fees 1,370 1,447 4,056 3,934
Marketing and advertising 461 271 1,368 1,125
Deposit insurance premiums 544 409 1,387 1,262
Intangible expenses 479 690 1,685 1,895
Restructuring charges 0 0 571 0
Other expense 5,300 5,033 16,144 15,233
Total noninterest expense 34,371 32,695 103,843 97,273
Income before income taxes 18,168 15,612 38,392 46,385
Income tax expense 3,204 4,416 6,221 12,555
Net income $ 14,964 $ 11,196 $ 32,171 $ 33,830
Net income per share:        
Basic (in dollars per share) $ 0.51 $ 0.42 $ 1.10 $ 1.27
Diluted (in dollars per share) 0.51 0.42 1.09 1.27
Dividends declared (in dollars per share) $ 0.20 $ 0.20 $ 0.60 $ 0.60
Trust fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income $ 1,960 $ 1,924 $ 6,000 $ 5,847
Service charges on deposit accounts        
Disaggregation of Revenue [Line Items]        
Noninterest income 1,454 1,371 4,116 3,927
Investment advisory commission and fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income 3,785 3,455 11,246 9,969
Other service fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income [2] $ 2,284 $ 2,123 $ 6,884 $ 6,355
[1] (1)Net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives are excluded from the scope of the standard. Noninterest income streams that are out-of-scope of the standard include bank owned life insurance income, sales of investment securities and mortgage banking activities.
[2] (2)Other service fee income and other income include certain items that are in scope and certain items that are out of scope of the standard and are described further in the following paragraphs.