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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans and leases, including fees $ 55,998 $ 47,754 $ 158,253 $ 143,781
Investment securities:        
Investment securities available-for-sale 12,240 11,425 37,887 36,242
Investment securities held-to-maturity 5,184 4,787 16,014 14,878
Total investment income 17,424 16,212 53,901 51,120
Dividends from FHLB stock 318 403 1,070 1,210
Interest-earning deposits with other institutions and federal funds sold 130 802 683 1,575
Total interest income 73,870 65,171 213,907 197,686
Interest expense:        
Deposits 1,555 1,525 4,547 4,544
Borrowings and customer repurchase agreements 402 349 1,213 1,117
Junior subordinated debentures 174 136 492 392
Total interest expense 2,131 2,010 6,252 6,053
Net interest income before recapture of provision for loan losses 71,739 63,161 207,655 191,633
Recapture of provision for loan losses (1,500) (2,000) (7,000) (2,000)
Net interest income after recapture of provision for loan losses 73,239 65,161 214,655 193,633
Noninterest income:        
Service charges on deposit accounts 4,085 3,817 11,794 11,386
Trust and investment services 2,523 2,328 7,432 7,039
Bankcard services 927 827 2,563 2,166
BOLI income 692 706 2,904 2,005
Gain on sale of loans 0 0 0 1,101
Other 1,811 1,505 4,843 3,443
Total noninterest income 10,038 9,183 29,536 27,140
Noninterest expense:        
Salaries and employee benefits 21,835 20,403 65,116 63,004
Occupancy and equipment 4,400 4,102 12,638 11,940
Professional services 1,091 1,404 4,191 3,727
Software licenses and maintenance 1,510 1,358 4,698 4,077
Marketing and promotion 1,055 1,199 3,484 3,818
Acquisition related expenses 250 353 2,176 1,557
Other 4,565 4,187 13,393 13,685
Total noninterest expense 34,706 33,006 105,696 101,808
Earnings before income taxes 48,571 41,338 138,495 118,965
Income taxes 18,888 15,890 51,935 44,612
Net earnings 29,683 25,448 86,560 74,353
Other comprehensive income (loss):        
Unrealized gain (loss) on securities arising during the period, before tax 1,221 (3,709) 3,287 31,054
Less: Reclassification adjustment for net (gain) loss on securities included in net income 0 (548) (402) (548)
Other comprehensive income (loss), before tax 1,221 (4,257) 2,885 30,506
Less: Income tax (expense) benefit related to items of other comprehensive income (513) 1,788 (1,212) (12,812)
Other comprehensive income (loss), net of tax 708 (2,469) 1,673 17,694
Comprehensive income $ 30,391 $ 22,979 $ 88,233 $ 92,047
Basic earnings per common share $ 0.27 $ 0.23 $ 0.79 $ 0.69
Diluted earnings per common share 0.27 0.23 0.79 0.69
Cash dividends declared per common share $ 0.14 $ 0.12 $ 0.40 $ 0.36