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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income    
Interest and fees on loans $ 47,025 $ 38,006
Interest and dividends on investment securities:    
Taxable 1,887 1,548
Tax-exempt 814 954
Dividends 485 330
Interest on federal funds sold and other short-term investments 264 246
Total interest income 50,475 41,084
Interest expense    
Deposits 7,688 5,109
Borrowings 4,640 2,834
Total interest expense 12,328 7,943
Net interest income 38,147 33,141
Provision for loan losses 17,800 1,100
Net interest income after provision for loan losses 20,347 32,041
Noninterest income    
Income on bank owned life insurance [1] 774 703 [2]
Deposit, loan and other income 616 643
Net gains on sale of loans held-for-sale [1] 17 21 [2]
Net gains on sales of securities available-for-sale [1] 1,596 [2]
Annuities and insurance commissions [1] 39 [2]
Total noninterest income 1,407 3,002 [2]
Noninterest expenses    
Salaries and employee benefits 9,672 8,144
Occupancy and equipment 2,143 2,255
Data processing 1,148 1,149
FDIC insurance 850 895
Professional and consulting 723 718
Marketing and advertising 207 256
Amortization of core deposit intangible 169 193
Other components of net periodic pension expense 7 62
Increase in valuation allowance, loans held-for-sale 2,600
Other expenses 2,140 1,977
Total noninterest expenses 17,059 18,249
Income before income tax expense 4,695 16,794
Income tax expense 444 4,914
Net income $ 4,251 $ 11,880
Earnings per common share    
Basic $ 0.13 $ 0.37
Diluted 0.13 0.37
Dividends per common share $ 0.075 $ 0.075
[1] Not within scope of ASC 606
[2] The Company elected the modified respective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.