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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Interest and fees on loans $ 28,739 $ 26,169 $ 57,092 $ 51,758
Interest on securities: Taxable 2,176 2,699 4,435 5,641
Interest on securities: Nontaxable 402 557 837 1,139
Dividends on Federal Home Loan Bank stock 164 138 329 280
Other interest income 29 28 54 63
Total interest and dividend income 31,510 29,591 62,747 58,881
Interest expense:        
Deposits 3,348 3,120 6,737 6,089
Federal Home Loan Bank advances 1,891 1,758 3,793 3,999
Junior subordinated debentures 241 241 482 482
Other interest expense 2 4 5 7
Total interest expense 5,482 5,123 11,017 10,577
Net interest income 26,028 24,468 51,730 48,304
Provision for loan losses 100 450 100 750
Net interest income after provision for loan losses 25,928 24,018 51,630 47,554
Noninterest income:        
Wealth management revenues 8,912 8,530 17,347 16,595
Merchant processing fees 0 0 0 1,291
Net gains on loan sales and commissions on loans originated for others 2,748 1,707 5,333 2,946
Service charges on deposit accounts 973 824 1,908 1,578
Card interchange fees 826 779 1,540 1,460
Income from bank-owned life insurance 492 441 982 886
Net gains (losses) on interest rate swap contracts 717 (37) 1,362 223
Equity in earnings (losses) of unconsolidated subsidiaries (69) (107) (155) (150)
Net gain on sale of business line 0 0 0 6,265
Other income 662 677 964 1,090
Total noninterest income 15,261 12,814 29,281 32,184
Noninterest expense:        
Salaries and employee benefits 15,506 14,771 31,000 29,329
Net occupancy 1,669 1,475 3,555 3,115
Equipment 1,376 1,235 2,716 2,471
Merchant processing costs 0 0 0 1,050
Outsourced services 1,277 1,015 2,524 2,059
Legal, audit and professional fees 610 598 1,286 1,216
FDIC deposit insurance costs 436 413 909 853
Advertising and promotion 578 540 845 772
Amortization of intangibles 156 164 311 328
Debt prepayment penalties 0 0 0 6,294
Other expenses 2,691 2,237 4,684 4,253
Total noninterest expense 24,299 22,448 47,830 51,740
Income before income taxes 16,890 14,384 33,081 27,998
Income tax expense 5,387 4,587 10,568 8,903
Net income $ 11,503 $ 9,797 $ 22,513 $ 19,095
Weighted average common shares outstanding - basic 16,811 16,678 16,785 16,653
Weighted average common shares outstanding - diluted 16,989 16,831 16,977 16,817
Per share information:        
Basic earnings per common share $ 0.68 $ 0.59 $ 1.34 $ 1.14
Diluted earnings per common share 0.68 0.58 1.32 1.13
Cash dividends declared per share $ 0.34 $ 0.29 $ 0.68 $ 0.58