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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income:      
Interest and fees on loans $ 87,155 $ 61,541 $ 48,522
Interest and dividends on taxable investment securities 18,051 16,840 16,853
Interest on tax-exempt investment securities 2,992 1,810 1,600
Other interest income 135 9 96
Total interest income 108,333 80,200 67,071
Interest Expense:      
Interest on deposits 6,206 6,106 7,052
Interest on short-term borrowings 182 146 114
Interest on long-term borrowings 4,333 4,442 4,520
Total interest expense 10,721 10,694 11,686
Net interest income 97,612 69,506 55,385
Provision for (recovery of) loan losses 14,097 339 (4,410)
Net interest income after provision for (recovery of) loan losses 83,515 69,167 59,795
Other Income:      
Insurance income 13,783 13,604 12,201
Deposit account service charges 10,845 9,173 8,764
Trust and investment income 9,577 7,685 7,122
Electronic banking income 8,958 6,642 6,191
Mortgage banking income 1,317 1,237 1,759
Net gain on investment securities 729 398 489
Net loss on asset disposals and other transactions (1,788) (431) (155)
Other non-interest income 2,961 1,712 1,183
Total other income 46,382 40,020 37,554
Other Expenses:      
Salaries and employee benefit costs 59,216 46,593 36,472
Net occupancy and equipment expense 11,207 7,839 6,840
Professional fees 7,295 5,649 4,207
Electronic banking expense 5,300 4,529 3,586
Amortization of other intangible assets 4,077 1,428 807
Data processing and software expense 3,671 2,424 2,012
Marketing expense 2,838 2,299 2,301
Communication expense 2,286 1,642 1,339
FDIC insurance expense 2,084 1,260 1,036
Franchise tax expense 1,968 1,392 1,643
Foreclosed real estate and other loan expenses 1,276 789 654
Other non-interest expense 13,863 9,165 7,368
Total other expenses 115,081 85,009 68,265
Income before income taxes 14,816 24,178 29,084
Income tax expense 3,875 7,494 11,510
Net income $ 10,941 $ 16,684 $ 17,574
Earnings per common share - basic $ 0.62 $ 1.36 $ 1.65
Earnings per common share - diluted $ 0.61 $ 1.35 $ 1.63
Weighted-average number of common shares outstanding - basic 17,555,140 12,183,352 10,581,222
Weighted-average number of common shares outstanding - diluted 17,687,795 12,306,224 10,679,417