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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans, including loans held for sale $ 34,880 $ 33,255 $ 68,355 $ 66,579
Interest and dividends on securities        
Taxable 2,230 2,065 4,260 4,158
Tax exempt 721 658 1,470 1,350
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 283 252 559 506
Other, including interest on federal funds sold 297 144 535 308
Total interest income 38,411 36,374 75,179 72,901
Interest expense:        
Interest on deposits 3,181 2,677 6,122 5,248
Interest on repurchase agreements and other short-term borrowings 411 284 749 548
Interest on advances from Federal Home Loan Bank 165 4 168 48
Interest on long-term debt 414 350 810 674
Total interest expense 4,171 3,315 7,849 6,518
Net interest income 34,240 33,059 67,330 66,383
Provision for loan losses 2,764 1,873 3,993 3,638
Net interest income after provision for loan losses 31,476 31,186 63,337 62,745
Noninterest income:        
Service charges on deposit accounts 6,199 6,272 12,159 12,117
Gains on sales of loans, net 251 446 507 762
Trust and wealth management income 2,649 2,396 5,235 4,671
Loan related fees 773 739 1,778 1,350
Bank owned life insurance 526 538 1,050 1,068
Brokerage revenue 423 317 735 680
Securities gains (losses) 18 (4) 10 64
Other noninterest income 1,472 1,065 2,416 2,028
Total noninterest income 12,311 11,769 23,890 22,740
Noninterest expense:        
Officer salaries and employee benefits 2,663 2,964 5,927 6,057
Other salaries and employee benefits 11,381 11,358 23,041 22,398
Occupancy, net 1,972 1,966 3,999 4,023
Equipment 748 729 1,534 1,444
Data processing 1,757 1,559 3,546 3,128
Bank franchise tax 1,521 1,400 3,041 2,799
Legal fees 385 502 827 982
Professional fees 551 483 1,047 922
Advertising and marketing 708 580 1,393 1,209
FDIC insurance 315 576 607 1,159
Other real estate owned provision and expense 1,827 468 2,743 1,019
Repossession expense 227 424 428 639
Amortization of limited partnership investments 604 997 1,209 1,532
Other noninterest expense 2,907 3,186 5,868 6,123
Total noninterest expense 27,566 27,192 55,210 53,434
Income before income taxes 16,221 15,763 32,017 32,051
Income taxes 4,680 4,197 9,199 8,883
Net income 11,541 11,566 22,818 23,168
Unrealized holding gains on securities available-for-sale:        
Unrealized holding gains arising during the period 1,630 2,321 2,745 8,124
Less: Reclassification adjustments for realized gains (losses) included in net income 18 (4) 10 64
Tax expense 564 814 957 2,821
Other comprehensive income, net of tax 1,048 1,511 1,778 5,239
Comprehensive income $ 12,589 $ 13,077 $ 24,596 $ 28,407
Basic earnings per share (in dollars per share) $ 0.65 $ 0.66 $ 1.29 $ 1.32
Diluted earnings per share (in dollars per share) $ 0.65 $ 0.66 $ 1.29 $ 1.32
Weighted average shares outstanding-basic (in shares) 17,626 17,530 17,621 17,521
Weighted average shares outstanding-diluted (in shares) 17,645 17,542 17,641 17,538
Dividends declared per share (in dollars per share) $ 0.32 $ 0.31 $ 0.64 $ 0.62