XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Interest and fees on loans and leases $ 38,699 $ 35,531 $ 76,089 $ 70,488
Interest and dividends on investment securities:        
Taxable interest 8,717 8,481 17,560 16,616
Tax-exempt interest 933 974 1,866 1,953
Dividends 3 12 18 24
Interest on deposits in other banks 117 61 201 135
Dividends on Federal Home Loan Bank stock 40 21 85 77
Total interest income 48,509 45,080 95,819 89,293
Interest on deposits:        
Demand 193 154 373 294
Savings and money market 459 259 828 516
Time 4,034 2,136 7,459 3,853
Interest on short-term borrowings 48 46 91 77
Interest on long-term debt 1,103 856 2,074 1,669
Total interest expense 5,837 3,451 10,825 6,409
Net interest income 42,672 41,629 84,994 82,884
Provision (credit) for loan and lease losses 532 (2,282) 321 (2,362)
Net interest income after provision (credit) for loan and lease losses 42,140 43,911 84,673 85,246
Other operating income:        
Mortgage banking income 1,775 1,957 3,622 3,900
Service charges on deposit accounts 1,977 2,120 3,980 4,156
Other service charges and fees 3,377 3,053 6,411 5,801
Income from fiduciary activities 1,017 964 1,973 1,828
Equity in earnings of unconsolidated subsidiaries 37 151 80 212
Fees on foreign exchange 277 130 488 293
Investment securities gains (losses) 0 (1,640) 0 (1,640)
Income from bank-owned life insurance 501 583 819 1,700
Loan placement fees 220 146 417 280
Net gain on sales of foreclosed assets 0 84 0 186
Other 449 322 794 1,168
Total other operating income 9,630 7,870 18,584 17,884
Other operating expense:        
Salaries and employee benefits 18,783 17,983 37,288 35,370
Net occupancy 3,360 3,335 6,626 6,749
Equipment 1,044 967 2,112 1,809
Amortization of core deposit premium 668 669 1,337 1,337
Communication expense 746 891 1,644 1,791
Legal and professional services 1,769 1,987 3,590 3,779
Computer software expense 2,305 2,190 4,572 4,442
Advertising expense 617 390 1,229 782
Foreclosed asset expense 31 63 325 99
Other 4,401 3,860 8,519 7,637
Total other operating expense 33,724 32,335 67,242 63,795
Income before income taxes 18,046 19,446 36,015 39,335
Income tax expense 3,822 7,421 7,514 14,231
Net income $ 14,224 $ 12,025 $ 28,501 $ 25,104
Per common share data:        
Basic earnings per common share (in dollars per share) $ 0.48 $ 0.39 $ 0.96 $ 0.82
Diluted earnings per common share (in dollars per share) 0.48 0.39 0.95 0.81
Cash dividends declared (in dollars per share) $ 0.21 $ 0.18 $ 0.40 $ 0.34
Weighted average common shares outstanding used in computation:        
Basic shares (in shares) 29,510,175 30,568,247 29,658,051 30,641,165
Diluted shares (in shares) 29,714,942 30,803,725 29,881,534 30,879,923