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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Interest and fees on loans and leases $ 30,148 $ 28,364 $ 88,322 $ 83,287
Interest and dividends on investment securities:        
Taxable interest 8,260 7,744 24,687 25,716
Tax-exempt interest 1,008 1,002 3,016 2,996
Dividends 9 8 26 10
Interest on deposits in other banks 6 9 28 24
Dividends on Federal Home Loan Bank stock 11 12 40 35
Total interest income 39,442 37,139 116,119 112,068
Interest on deposits:        
Demand 104 96 298 277
Savings and money market 230 225 678 672
Time 568 629 1,665 1,880
Interest on short-term borrowings 73 10 195 82
Interest on long-term debt 662 647 1,949 1,923
Total interest expense 1,637 1,607 4,785 4,834
Net interest income 37,805 35,532 111,334 107,234
Provision (credit) for loan and lease losses (3,647) (1,722) (13,713) (1,043)
Net interest income after credit for loan and lease losses 41,452 37,254 125,047 108,277
Other operating income:        
Service charges on deposit accounts 1,947 2,070 5,830 6,052
Loan servicing fees 1,407 1,446 4,257 4,338
Other service charges and fees 2,803 2,886 8,689 8,912
Income from fiduciary activities 854 797 2,518 2,687
Equity in earnings of unconsolidated subsidiaries 165 11 490 422
Fees on foreign exchange 126 118 352 351
Investment securities gains (losses) 0 0 (1,866) 240
Income from bank-owned life insurance 434 810 1,569 2,246
Loan placement fees 202 35 574 356
Net gain on sales of residential loans 1,551 1,685 4,775 4,151
Net gain on sales of foreclosed assets 252 218 379 962
Other 88 1,387 1,576 2,894
Total other operating income 9,829 11,463 29,143 33,611
Other operating expense:        
Salaries and employee benefits 17,193 16,552 49,534 50,536
Net occupancy 3,547 4,051 10,451 11,375
Equipment 775 953 2,617 2,694
Amortization of other intangible assets 1,683 1,328 5,347 3,886
Communication expense 895 925 2,661 2,693
Legal and professional services 1,808 1,786 5,669 5,826
Computer software expense 2,286 1,659 6,764 4,592
Advertising expense 502 673 1,586 2,037
Foreclosed asset expense 3 1,355 332 1,443
Other 3,483 5,964 13,690 14,982
Total other operating expense 32,175 35,246 98,651 100,064
Income before income taxes 19,106 13,471 55,539 41,824
Income tax expense 6,900 5,241 20,603 14,636
Net income $ 12,206 $ 8,230 $ 34,936 $ 27,188
Per common share data:        
Basic earnings per share (in dollars per share) $ 0.39 $ 0.23 $ 1.07 $ 0.72
Diluted earnings per share (in dollars per share) 0.38 0.23 1.06 0.71
Cash dividends declared (in dollars per share) $ 0.12 $ 0.1 $ 0.36 $ 0.26
Shares used in computation:        
Basic shares (in shares) 31,331 35,863 32,548 37,943
Diluted shares (in shares) 31,750 36,353 32,932 38,440