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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and fees on loans    
Taxable $ 34,447 $ 29,630
Tax exempt 150 111
Interest and dividends on securities    
Taxable 2,320 2,546
Tax exempt 1,162 895
Interest on short-term investments 48 28
Total interest income 38,127 33,210
Interest on deposits 5,442 4,195
Interest on borrowings    
Short-term 310 147
Long-term 314 286
Total interest expense 6,066 4,628
NET INTEREST INCOME 32,061 28,582
Provision for loan losses 200 0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 31,861 28,582
NONINTEREST INCOME    
Wealth advisory fees 1,250 1,160
Investment brokerage fees 321 288
Service charges on deposit accounts 3,143 2,780
Loan, insurance and service fees 1,893 1,838
Merchant card fee income 538 497
Bank owned life insurance income 471 173
Other income 509 (72)
Mortgage banking income 131 327
Net securities gains 3 52
Total noninterest income 8,259 7,043
NONINTEREST EXPENSE    
Salaries and employee benefits 11,421 9,605
Net occupancy expense 1,120 1,096
Equipment costs 1,075 901
Data processing fees and supplies 2,016 2,032
Corporate and business development 1,502 857
FDIC insurance and other regulatory fees 434 523
Professional fees 954 827
Other expense 1,526 1,543
Total noninterest expense 20,048 17,384
INCOME BEFORE INCOME TAX EXPENSE 20,072 18,241
Income tax expense 5,558 5,962
NET INCOME $ 14,514 $ 12,279
BASIC WEIGHTED AVERAGE COMMON SHARES [1] 25,152,242 25,019,753
BASIC EARNINGS PER COMMON SHARE [1] $ 0.58 $ 0.49
DILUTED WEIGHTED AVERAGE COMMON SHARES [1] 25,596,136 25,327,806
DILUTED EARNINGS PER COMMON SHARE [1] $ 0.57 $ 0.48
[1] Share and per share data has been adjusted for a 3-for-2 stock split in the form of a stock dividend on August 5, 2016.