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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans and leases $ 44,965 $ 42,560 $ 131,592 $ 124,747
Investment securities, taxable 2,384 3,277 8,504 8,929
Investment securities, tax-exempt 672 738 2,061 2,261
Other 279 246 879 730
Total interest income 48,300 46,821 143,036 136,667
Interest expense:        
Deposits 3,879 2,874 11,440 8,271
Short-term borrowings 150 147 430 381
Subordinated notes 1,055 1,055 3,165 3,165
Long-term debt and mandatorily redeemable securities 522 536 1,725 1,540
Total interest expense 5,606 4,612 16,760 13,357
Net interest income 42,694 42,209 126,276 123,310
Provision for loan and lease losses 2,067 992 5,091 2,160
Net interest income after provision for loan and lease losses 40,627 41,217 121,185 121,150
Noninterest income:        
Trust fees 4,691 4,634 14,422 14,438
Service charges on deposit accounts 2,366 2,413 6,749 6,977
Debit card 2,745 2,583 8,160 7,610
Mortgage banking 1,334 969 3,495 3,459
Insurance commissions 1,350 1,460 4,146 4,147
Equipment rental 6,657 5,881 19,247 16,302
Gains on investment securities available-for-sale 989 0 790 4
Other 2,533 3,192 9,580 9,477
Total noninterest income 22,665 21,132 66,589 62,414
Noninterest expense:        
Salaries and employee benefits 22,136 21,835 64,681 63,554
Net occupancy 2,435 2,496 7,243 7,302
Furniture and equipment 4,898 4,604 14,499 13,471
Depreciation - leased equipment 5,570 4,858 16,115 13,342
Professional fees 1,244 1,237 3,653 3,215
Supplies and communication 1,256 1,307 4,138 4,122
FDIC and other insurance 647 848 2,437 2,544
Business development and marketing 1,263 1,244 3,268 3,507
Loan and lease collection and repossession 324 416 1,136 485
Other 1,372 2,223 4,714 5,828
Total noninterest expense 41,145 41,068 121,884 117,370
Income before income taxes 22,147 21,281 65,890 66,194
Income tax expense 7,883 7,353 23,329 23,125
Net income $ 14,264 $ 13,928 $ 42,561 $ 43,069
Per common share:        
Basic net income per common share (in dollars per share) $ 0.55 $ 0.53 $ 1.63 $ 1.63
Diluted net income per common share (in dollars per share) 0.55 0.53 1.63 1.63
Cash dividends (in dollars per share) $ 0.180 $ 0.164 $ 0.540 $ 0.491
Basic weighted average common shares outstanding (in shares) 25,867,169 26,164,646 25,881,360 26,211,630
Diluted weighted average common shares outstanding (in shares) 25,867,169 26,164,646 25,881,360 26,211,630