XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Interest and fees on loans $ 28,927 $ 29,388
Interest and dividends on investment securities:    
Taxable 3,005 2,712
Tax-exempt 357 264
Total Interest Income 32,289 32,364
Interest Expense    
Interest on deposits 2,898 2,741
Interest on short-term borrowings 107 82
Interest on long-term debt 164 150
Total Interest Expense 3,169 2,973
Net Interest Income 29,120 29,391
Provision for loan losses 539 888
Net Interest Income After Provision for Loan Losses 28,581 28,503
Non-Interest Income    
Gains on sale of investment securities 0 14
Service charges 6,303 5,927
Bankcard revenue 3,967 4,074
Trust and investment management fee income 1,276 1,200
Bank owned life insurance 760 764
Gain on sale of insurance division 0 11,084
Other income 821 958
Total Non-Interest Income 13,127 24,021
Non-Interest Expense    
Salaries and employee benefits 12,673 12,179
Occupancy and equipment 2,836 2,590
Depreciation 1,567 1,511
FDIC insurance expense 465 450
Advertising 716 704
Bankcard expenses 833 870
Postage, delivery, and statement mailings 565 561
Office supplies 353 346
Legal and professional fees 471 567
Telecommunications 428 475
Repossessed asset losses, net of expenses 288 220
Other expenses 2,945 2,692
Total Non-Interest Expense 24,140 23,165
Income Before Income Taxes 17,568 29,359
Income tax expense 5,866 11,367
Net Income Available to Common Shareholders 11,702 17,992
Total Comprehensive Income $ 14,445 $ 18,898
Average common shares outstanding (in shares) 14,916 15,067
Effect of dilutive securities, employee stock awards and warrants outstanding (in shares) 11 82
Effect of dilutive securities:    
Shares for diluted earnings per share (in shares) 14,927 15,149
Basic earnings per common share (in dollars per share) $ 0.78 $ 1.18
Diluted earnings per common share (in dollars per share) 0.78 1.17
Dividends declared per common share (in dollars per share) $ 0.43 $ 0.42