Summarized Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2016

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
2016
Interest income	$	32,289		$	32,932		$	33,046		$	33,884
Taxable equivalent adjustment	192			195			224			258
Interest income (FTE)	32,481			33,127			33,270			34,142
Interest expense	3,169			3,264			3,268			3,504
Net interest income	29,312			29,863			30,002			30,638
Provision for loan losses	539			1,122			1,432			1,301
Investment securities gains	—			845			2,668			—
Non-interest income	13,127			13,736			14,079			14,371
Non-interest expense	24,140			24,283			25,284			22,456
Income  before income tax expense	17,760			19,039			20,033			21,252
Income tax expense	5,866			6,303			6,577			6,338
Taxable equivalent adjustment	(192		)	(195		)	(224		)	(258		)
Net income available to common shareholders	$	11,702		$	12,541		$	13,232		$	14,656
Net earnings allocated to common  shareholders	$	11,571		$	12,391		$	13,075		$	14,479
Basic earnings  per common share	$	0.78		$	0.83		$	0.88		$	0.97
Diluted earnings per common share	0.78			0.83			0.88			0.97
Average common shares outstanding:
Basic	14,916			14,889			14,899			14,894
Diluted	14,927			14,902			14,909			14,914
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