XML 16 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 income:        
Loans and leases $ 43,891 $ 42,583 $ 86,627 $ 82,187
Investment securities, taxable 3,040 2,648 6,120 5,652
Investment securities, tax-exempt 697 754 1,389 1,523
Other 309 229 600 484
Total interest income 47,937 46,214 94,736 89,846
Interest expense:        
Deposits 3,790 2,838 7,561 5,397
Short-term borrowings 119 131 280 234
Subordinated notes 1,055 1,055 2,110 2,110
Long-term debt and mandatorily redeemable securities 680 525 1,203 1,004
Total interest expense 5,644 4,549 11,154 8,745
Net interest income 42,293 41,665 83,582 81,101
Provision for loan and lease losses 2,049 811 3,024 1,168
Net interest income after provision for loan and lease losses 40,244 40,854 80,558 79,933
Noninterest income:        
Trust fees 5,108 5,247 9,731 9,804
Service charges on deposit accounts 2,276 2,367 4,383 4,564
Debit card 2,816 2,628 5,415 5,027
Mortgage banking 1,115 1,239 2,161 2,490
Insurance commissions 1,233 1,382 2,796 2,687
Equipment rental 6,517 5,342 12,590 10,421
(Losses) gains on investment securities available-for-sale (209) 4 (199) 4
Other 3,441 3,322 7,047 6,285
Total noninterest income 22,297 21,531 43,924 41,282
Noninterest expense:        
Salaries and employee benefits 21,194 20,794 42,545 41,719
Net occupancy 2,307 2,345 4,808 4,806
Furniture and equipment 4,811 4,531 9,601 8,867
Depreciation - leased equipment 5,444 4,396 10,545 8,484
Professional fees 1,190 1,108 2,409 1,978
Supplies and communication 1,374 1,409 2,882 2,815
FDIC and other insurance 911 847 1,790 1,696
Business development and marketing 1,025 1,214 2,005 2,263
Loan and lease collection and repossession 385 (294) 812 69
Other 1,393 1,891 3,342 3,605
Total noninterest expense 40,034 38,241 80,739 76,302
Income before income taxes 22,507 24,144 43,743 44,913
Income tax expense 8,028 8,514 15,446 15,772
Net income $ 14,479 $ 15,630 $ 28,297 $ 29,141
Per common share:        
Basic net income per common share (in dollars per share) $ 0.56 $ 0.59 [1] $ 1.08 $ 1.10 [1]
Diluted net income per common share (in dollars per share) 0.56 0.59 [1] 1.08 1.10 [1]
Cash dividends (in dollars per share) $ 0.180 $ 0.164 [1] $ 0.360 $ 0.327 [1]
Basic weighted average common shares outstanding (in shares) 25,853,537 26,212,999 [1] 25,888,534 26,235,511 [1]
Diluted weighted average common shares outstanding (in shares) 25,853,537 26,212,999 [1] 25,888,534 26,235,511 [1]
[1] *The computation of the three and six months ended June 30, 2015 per common share data and shares outstanding gives retrospective recognition to a 10% stock dividend declared on July 22, 2015 and issued on August 14, 2015.