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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans, including loans held for sale $ 32,191 $ 33,290 $ 95,741 $ 98,810
Interest and dividends on securities        
Taxable 2,763 3,196 8,616 9,220
Tax exempt 664 561 1,912 1,676
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 252 345 882 1,035
Other, including interest on federal funds sold 87 63 310 273
Total interest income 35,957 37,455 107,461 111,014
Interest expense:        
Interest on deposits 2,475 2,778 7,409 8,699
Interest on repurchase agreements and other short-term borrowings 205 232 614 729
Interest on advances from Federal Home Loan Bank 6 7 17 20
Interest on long-term debt 283 288 850 877
Total interest expense 2,969 3,305 8,890 10,325
Net interest income 32,988 34,150 98,571 100,689
Provision for loan losses 3,300 2,129 5,380 7,349
Net interest income after provision for loan losses 29,688 32,021 93,191 93,340
Noninterest income:        
Service charges on deposit accounts 6,321 6,349 17,739 18,298
Gains on sales of loans, net 303 653 781 2,805
Trust and wealth management income 2,395 2,005 6,703 6,028
Loan related fees 1,128 1,088 2,573 3,532
Bank owned life insurance 523 517 1,473 2,265
Brokerage revenue 505 576 1,709 1,644
Securities losses (34) (23) (145) (31)
Other noninterest income 865 906 2,210 2,724
Total noninterest income 12,006 12,071 33,043 37,265
Noninterest expense:        
Officer salaries and employee benefits 2,584 2,705 8,206 7,891
Other salaries and employee benefits 10,881 10,543 31,950 31,553
Occupancy, net 2,007 1,945 6,108 5,844
Equipment 831 920 2,669 2,886
Data processing 2,017 1,850 5,875 5,438
Bank franchise tax 1,208 1,124 3,625 3,370
Legal fees 558 585 1,912 1,747
Professional fees 491 491 1,331 1,305
FDIC insurance 575 624 1,782 1,863
Other real estate owned provision and expense 707 905 2,948 3,914
Repossession expense 322 284 863 1,182
Other noninterest expense 3,682 3,615 10,711 10,884
Total noninterest expense 25,863 25,591 77,980 77,877
Income before income taxes 15,831 18,501 48,254 52,728
Income taxes 4,907 5,848 14,995 16,313
Net income 10,924 12,653 33,259 36,415
Unrealized holding gains (losses) on securities available-for-sale:        
Unrealized holding gains (losses) arising during the period (2,009) (981) 10,642 (24,904)
Less: Reclassification adjustments for realized losses included in net income (34) (23) (145) (31)
Tax (benefit) expense (691) (336) 3,776 (8,706)
Other comprehensive income (loss), net of tax (1,284) (622) 7,011 (16,167)
Comprehensive income $ 9,640 $ 12,031 $ 40,270 $ 20,248
Basic earnings per share (in dollars per share) $ 0.63 $ 0.74 $ 1.92 $ 2.13
Diluted earnings per share (in dollars per share) $ 0.63 $ 0.73 $ 1.91 $ 2.12
Weighted average shares outstanding-basic (in shares) 17,326 17,154 17,317 17,123
Weighted average shares outstanding-diluted (in shares) 17,402 17,257 17,395 17,212
Dividends declared per share (in dollars per share) $ 0.300 $ 0.291 $ 0.881 $ 0.863