Summarized Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Financial Information (Unaudited)

SUMMARIZED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

A summary of selected quarterly financial information is presented below (in thousands, except for per share data):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2015
Interest income	$	32,364		$	31,720		$	30,768		$	32,222
Taxable equivalent adjustment	142			144			147			179
Interest income (FTE)	32,506			31,864			30,915			32,401
Interest expense	2,973			2,937			2,910			3,010
Net interest income	29,533			28,927			28,005			29,391
Provision for loan losses	888			2,836			451			2,813
Investment securities gains	14			2,116			—			—
Non-interest income	24,007			13,289			13,706			14,074
Non-interest expense	23,165			23,244			25,377			21,165
Income  before income tax expense	29,501			18,252			15,883			19,487
Income tax expense	11,367			6,125			5,129			5,793
Taxable equivalent adjustment	(142		)	(144		)	(147		)	(179		)
Net income available to common shareholders	$	17,992		$	11,983		$	10,607		$	13,515
Net earnings allocated to common  shareholders	$	17,783		$	11,849		$	10,487		$	13,362
Basic earnings  per common share	$	1.18		$	0.78		$	0.69		$	0.88
Diluted earnings per common share	1.17			0.78			0.69			0.88
Average common shares outstanding:
Basic	15,067			15,104			15,178			15,158
Diluted	15,149			15,127			15,198			15,175
2014
Interest income	$	33,018		$	31,828		$	32,438		$	32,282
Taxable equivalent adjustment	153			151			152			164
Interest income (FTE)	33,171			31,979			32,590			32,446
Interest expense	2,978			2,973			2,968			3,041
Net interest income	30,193			29,006			29,622			29,405
Provision for loan losses	1,363			435			1,872			384
Investment securities losses	83			818			71			184
Non-interest income	14,222			14,321			14,538			14,485
Non-interest expense	23,376			24,305			24,325			23,035
Income  before income tax expense	19,759			19,405			18,034			20,655
Income tax expense	5,803			6,497			6,010			5,961
Taxable equivalent adjustment	(153		)	(151		)	(152		)	(164		)
Net income available to common shareholders	$	13,803		$	12,757		$	11,872		$	14,530
Net earnings allocated to common  shareholders	$	13,663		$	12,626		$	11,746		$	14,374
Basic earnings  per common share	$	0.87		$	0.81		$	0.76		$	0.95

Diluted earnings per common share	0.86	0.80	0.76	0.95
Average common shares outstanding:
Basic	15,631	15,556	15,363	15,096
Diluted	15,796	15,706	15,445	15,182