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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Interest and fees on loans $ 114,229 $ 107,842 $ 102,481
Interest on securities: Taxable 8,875 10,437 11,008
Interest on securities: Nontaxable 1,555 2,149 2,553
Dividends on corporate stock and Federal Home Loan Bank stock 953 561 148
Other interest income 138 128 158
Total interest and dividend income 125,750 121,117 116,348
Interest expense:      
Deposits 13,142 12,937 12,420
Federal Home Loan Bank advances 7,746 7,698 10,643
Junior subordinated debentures 871 964 1,484
Other interest expense 9 13 16
Total interest expense 21,768 21,612 24,563
Net interest income 103,982 99,505 91,785
Provision for loan losses 1,050 1,850 2,400
Net interest income after provision for loan losses 102,932 97,655 89,385
Noninterest income:      
Wealth management revenues 35,416 33,378 31,825
Merchant processing fees 0 1,291 10,220
Mortgage banking revenues 9,901 7,152 13,293
Service charges on deposit accounts 3,865 3,395 3,256
Card interchange fees 3,199 3,057 2,788
Income from bank-owned life insurance 1,982 1,846 1,850
Loan related derivative income 2,441 1,136 951
Equity in earnings (losses) of unconsolidated subsidiaries (293) (276) (107)
Net gain on sale of business line 0 6,265 0
Other income 1,829 1,771 1,493
Noninterest income, excluding other-than-temporary impairment losses 58,340 59,015 65,569
Total other-than-temporary impairment losses on securities 0 0 (294)
Portion of loss recognized in other comprehensive income (before tax) 0 0 (3,195)
Net impairment losses recognized in earnings 0 0 (3,489)
Total noninterest income 58,340 59,015 62,080
Noninterest expense:      
Salaries and employee benefits 63,024 58,530 60,052
Net occupancy 7,000 6,312 5,769
Equipment 5,533 4,903 4,847
Merchant processing costs 0 1,050 8,682
Outsourced services 5,111 4,483 3,662
Legal, audit and professional fees 2,741 2,336 2,330
FDIC deposit insurance costs 1,846 1,762 1,761
Advertising and promotion 1,526 1,546 1,464
Amortization of intangibles 904 644 680
Debt prepayment penalties 0 6,294 1,125
Acquisition related expenses 989 0 0
Other expenses 8,255 8,987 8,413
Total noninterest expense 96,929 96,847 98,785
Income before income taxes 64,343 59,823 52,680
Income tax expense 20,878 18,999 16,527
Net income $ 43,465 $ 40,824 $ 36,153
Weighted average common shares outstanding - basic 16,879 16,689 16,506
Weighted average common shares outstanding - diluted 17,067 16,872 16,664
Per share information:      
Basic earnings per common share (in dollars per share) $ 2.57 $ 2.44 $ 2.18
Diluted earnings per common share (in dollars per share) 2.54 2.41 2.16
Cash dividends declared per share (in dollars per share) $ 1.36 $ 1.22 $ 1.03