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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Interest and fees on loans $ 28,626 $ 27,239 $ 85,718 $ 78,997
Interest on securities: Taxable 2,178 2,397 6,613 8,038
Interest on securities: Nontaxable 366 519 1,203 1,658
Dividends on Federal Home Loan Bank stock 309 140 638 420
Other interest income 47 36 101 99
Total interest and dividend income 31,526 30,331 94,273 89,212
Interest expense:        
Deposits 3,308 3,317 10,045 9,406
Federal Home Loan Bank advances 1,987 1,832 5,780 5,831
Junior subordinated debentures 232 241 714 723
Other interest expense 2 3 7 10
Total interest expense 5,529 5,393 16,546 15,970
Net interest income 25,997 24,938 77,727 73,242
Provision for loan losses 200 600 300 1,350
Net interest income after provision for loan losses 25,797 24,338 77,427 71,892
Noninterest income:        
Wealth management revenues 8,902 8,374 26,249 24,969
Merchant processing fees 0 0 0 1,291
Net gains on loan sales and commissions on loans originated for others 1,963 1,742 7,296 4,688
Service charges on deposit accounts 986 881 2,894 2,459
Card interchange fees 849 804 2,389 2,264
Income from bank-owned life insurance 498 468 1,480 1,354
Loan related derivative income 327 339 1,689 562
Equity in earnings (losses) of unconsolidated subsidiaries (69) (63) (224) (213)
Net gain on sale of business line 0 0 0 6,265
Other income 457 580 1,421 1,670
Total noninterest income 13,913 13,125 43,194 45,309
Noninterest expense:        
Salaries and employee benefits 15,971 14,516 46,971 43,845
Net occupancy 1,721 1,557 5,276 4,672
Equipment 1,424 1,211 4,140 3,682
Merchant processing costs 0 0 0 1,050
Outsourced services 1,250 1,138 3,774 3,197
Legal, audit and professional fees 630 494 1,916 1,710
FDIC deposit insurance costs 467 442 1,376 1,295
Advertising and promotion 356 368 1,201 1,140
Amortization of intangibles 260 161 571 489
Debt prepayment penalties 0 0 0 6,294
Acquisition related expenses 504 0 937 0
Other expenses 1,955 2,160 6,206 6,413
Total noninterest expense 24,538 22,047 72,368 73,787
Income before income taxes 15,172 15,416 48,253 43,414
Income tax expense 4,964 4,878 15,532 13,781
Net income $ 10,208 $ 10,538 $ 32,721 $ 29,633
Weighted average common shares outstanding - basic 16,939 16,714 16,837 16,673
Weighted average common shares outstanding - diluted 17,102 16,855 17,027 16,832
Per share information:        
Basic earnings per common share $ 0.60 $ 0.63 $ 1.94 $ 1.77
Diluted earnings per common share 0.60 0.62 1.92 1.75
Cash dividends declared per share $ 0.34 $ 0.32 $ 1.02 $ 0.90