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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 29,122 $ 28,739 $ 59,120 $ 57,092
Interest on securities: Taxable 2,487 2,176 4,857 4,435
Interest on securities: Nontaxable 280 402 607 837
Dividends on Federal Home Loan Bank stock 231 164 441 329
Other interest income 70 29 134 54
Total interest and dividend income 32,190 31,510 65,159 62,747
Interest expense:        
Deposits 2,981 3,348 5,949 6,737
Federal Home Loan Bank advances 2,313 1,891 4,465 3,793
Junior subordinated debentures 119 241 231 482
Other interest expense 1 2 3 5
Total interest expense 5,414 5,482 10,648 11,017
Net interest income 26,776 26,028 54,511 51,730
Provision for loan losses 450 100 950 100
Net interest income after provision for loan losses 26,326 25,928 53,561 51,630
Noninterest income:        
Wealth management revenues 9,481 8,912 18,655 17,347
Mortgage banking revenues 2,710 2,741 4,908 5,329
Service charges on deposit accounts 935 973 1,842 1,908
Card interchange fees 860 826 1,657 1,540
Income from bank-owned life insurance 1,090 492 1,589 982
Loan related derivative income 508 717 1,153 1,362
Equity in earnings (losses) of unconsolidated subsidiaries (89) (69) (177) (155)
Other income 419 669 921 968
Total noninterest income 15,914 15,261 30,548 29,281
Noninterest expense:        
Salaries and employee benefits 17,405 15,506 33,785 31,000
Net occupancy 1,803 1,669 3,610 3,555
Equipment 1,503 1,376 3,004 2,716
Outsourced services 1,294 1,277 2,657 2,524
Legal, audit and professional fees 662 610 1,291 1,286
FDIC deposit insurance costs 491 436 984 909
Advertising and promotion 420 578 685 845
Amortization of intangibles 322 156 645 311
Debt prepayment penalties 0 0 431 0
Acquisition related expenses 0 433 0 433
Other expenses 2,130 2,258 4,388 4,251
Total noninterest expense 26,030 24,299 51,480 47,830
Income before income taxes 16,210 16,890 32,629 33,081
Income tax expense 5,153 5,387 10,637 10,568
Net income $ 11,057 $ 11,503 $ 21,992 $ 22,513
Weighted average common shares outstanding - basic 17,067 16,811 17,045 16,785
Weighted average common shares outstanding - diluted 17,194 16,989 17,185 16,977
Per share information:        
Basic earnings per common share $ 0.65 $ 0.68 $ 1.29 $ 1.34
Diluted earnings per common share 0.64 0.68 1.28 1.32
Cash dividends declared per share $ 0.36 $ 0.34 $ 0.72 $ 0.68