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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 income:        
Loans and leases $ 48,032 $ 43,891 $ 92,916 $ 86,627
Investment securities, taxable 3,370 3,040 6,884 6,120
Investment securities, tax-exempt 677 697 1,360 1,389
Other 319 309 610 600
Total interest income 52,398 47,937 101,770 94,736
Interest expense:        
Deposits 4,511 3,790 8,245 7,561
Short-term borrowings 272 119 499 280
Subordinated notes 1,055 1,055 2,110 2,110
Long-term debt and mandatorily redeemable securities 699 680 1,328 1,203
Total interest expense 6,537 5,644 12,182 11,154
Net interest income 45,861 42,293 89,588 83,582
Provision for loan and lease losses 2,738 2,049 3,738 3,024
Net interest income after provision for loan and lease losses 43,123 40,244 85,850 80,558
Noninterest income:        
Trust and wealth advisory 5,627 5,108 10,628 9,731
Service charges on deposit accounts 2,464 2,276 4,703 4,383
Debit card 2,986 2,816 5,736 5,415
Mortgage banking 1,304 1,115 2,251 2,161
Insurance commissions 1,310 1,233 3,077 2,796
Equipment rental 7,586 6,517 14,418 12,590
Gains (losses) on investment securities available-for-sale 465 (209) 1,750 (199)
Other 2,394 3,441 4,880 7,047
Total noninterest income 24,136 22,297 47,443 43,924
Noninterest expense:        
Salaries and employee benefits 20,712 21,194 42,057 42,545
Net occupancy 2,368 2,307 4,962 4,808
Furniture and equipment 5,108 4,811 9,901 9,601
Depreciation - leased equipment 6,296 5,444 11,976 10,545
Professional fees 1,672 1,190 2,749 2,409
Supplies and communication 1,345 1,374 2,595 2,882
FDIC and other insurance 573 911 1,196 1,790
Business development and marketing 1,501 1,025 3,153 2,005
Loan and lease collection and repossession 329 385 965 812
Other 1,201 1,393 2,670 3,342
Total noninterest expense 41,105 40,034 82,224 80,739
Income before income taxes 26,154 22,507 51,069 43,743
Income tax expense 9,485 8,028 18,194 15,446
Net income $ 16,669 $ 14,479 $ 32,875 $ 28,297
Per common share:        
Basic net income per common share (in dollars per share) $ 0.64 $ 0.56 $ 1.26 $ 1.08
Diluted net income per common share (in dollars per share) 0.64 0.56 1.26 1.08
Cash dividends (in dollars per share) $ 0.19 $ 0.18 $ 0.37 $ 0.36
Basic weighted average common shares outstanding (in shares) 25,927,032 25,853,537 25,915,280 25,888,534
Diluted weighted average common shares outstanding (in shares) 25,927,032 25,853,537 25,915,280 25,888,534