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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income:        
Loans, including fees $ 35,769 $ 33,814 $ 104,845 $ 96,998
Investment securities:        
Taxable 6,297 6,497 19,377 18,699
Tax exempt 978 498 2,850 983
Dividends 390 426 1,175 1,739
Interest bearing cash at Federal Reserve and other banks 275 97 846 505
Total interest and dividend income 43,709 41,332 129,093 118,924
Interest expense:        
Deposits 875 838 2,611 2,591
Other borrowings 2 1 7 3
Junior subordinated debt 562 500 1,643 1,473
Total interest expense 1,439 1,339 4,261 4,067
Net interest income 42,270 39,993 124,832 114,857
Reversal of provision for loan losses (3,973) (866) (4,537) (1,302)
Net interest income after reversal of provision loan losses 46,243 40,859 129,369 116,159
Noninterest income:        
Service charges and fees 8,022 7,694 23,426 23,886
Gain on sale of loans 953 722 2,645 2,181
Commissions on sale of non-deposit investment products 747 812 1,890 2,561
Increase in cash value of life insurance 709 770 2,086 2,121
Other 635 1,644 2,054 3,153
Total noninterest income 11,066 11,642 32,101 33,902
Noninterest expense:        
Salaries and related benefits 20,860 17,533 60,170 52,875
Other 16,556 13,906 49,264 43,282
Total noninterest expense 37,416 31,439 109,434 96,157
Income before income taxes 19,893 21,062 52,036 53,904
Provision for income taxes 7,694 8,368 19,758 21,508
Net income $ 12,199 $ 12,694 $ 32,278 $ 32,396
Earnings per share:        
Basic $ 0.53 $ 0.56 $ 1.42 $ 1.42
Diluted $ 0.53 $ 0.55 $ 1.40 $ 1.41