Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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Interest and dividend income: | ||||
Loans, including fees | $ 24,980 | $ 25,123 | $ 73,151 | $ 73,078 |
Investment securities: | ||||
Taxable | 3,623 | 1,742 | 9,885 | 4,022 |
Tax exempt | 115 | 172 | 368 | 423 |
Dividends | 200 | 121 | 508 | 257 |
Interest bearing cash at Federal Reserve and other banks | 213 | 378 | 796 | 1,318 |
Total interest and dividend income | 29,131 | 27,536 | 84,708 | 79,098 |
Interest expense: | ||||
Deposits | 772 | 854 | 2,322 | 2,634 |
Other borrowings | 1 | 2 | 3 | |
Junior subordinated debt | 310 | 314 | 920 | 936 |
Total interest expense | 1,082 | 1,169 | 3,244 | 3,573 |
Net interest income | 28,049 | 26,367 | 81,464 | 75,525 |
Reversal of provision for loan losses | (2,977) | (393) | (2,624) | (887) |
Net interest income after reversal of provision loan losses | 31,026 | 26,760 | 84,088 | 76,412 |
Noninterest income: | ||||
Service charges and fees | 6,090 | 6,662 | 17,071 | 19,284 |
Gain on sale of loans | 509 | 1,083 | 1,487 | 4,967 |
Commissions on sale of non-deposit investment products | 703 | 692 | 2,317 | 2,294 |
Increase in cash value of life insurance | 490 | 531 | 1,287 | 1,337 |
Other | 797 | 159 | 2,599 | 1,594 |
Total noninterest income | 8,589 | 9,127 | 24,761 | 29,476 |
Noninterest expense: | ||||
Salaries and related benefits | 13,369 | 12,861 | 39,989 | 38,712 |
Other | 12,011 | 10,755 | 33,824 | 30,014 |
Total noninterest expense | 25,380 | 23,616 | 73,813 | 68,726 |
Income before income taxes | 14,235 | 12,271 | 35,036 | 37,162 |
Provision for income taxes | 6,001 | 4,910 | 14,578 | 14,999 |
Net income | $ 8,234 | $ 7,361 | $ 20,458 | $ 22,163 |
Earnings per share: | ||||
Basic | $ 0.51 | $ 0.46 | $ 1.27 | $ 1.38 |
Diluted | $ 0.50 | $ 0.45 | $ 1.25 | $ 1.37 |
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- Definition
Commissions on sale of non-deposit investment products. No definition available.
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- Definition
Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating dividend income on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of fees and commissions from financial services and banking activities and correspondent clearing. Includes fees from depositor accounts, credit cards, merchant discounts, and fiduciary and trust activities, guarantee fees, investment advisory, management, and administrative fees, transfer agent fees, and insurance commissions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest expense incurred during the reporting period on junior subordinated debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest expense incurred on all other long-term debt, which may include (1) interest on long-term notes, and (2) amortization of issuance costs not otherwise separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate interest income earned from (1) the lending of excess federal funds to another commercial bank requiring such for its legal reserve requirements and (2) securities purchased under agreements to resell. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Represents other forms of revenue earned, excluding interest, which is not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to loss from loan transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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