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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Interest and fees on loans $ 29,633 $ 28,626 $ 88,753 $ 85,718
Interest on securities: Taxable 3,024 2,178 7,881 6,613
Interest on securities: Nontaxable 218 366 825 1,203
Dividends on Federal Home Loan Bank stock 288 309 729 638
Other interest income 93 47 227 101
Total interest and dividend income 33,256 31,526 98,415 94,273
Interest expense:        
Deposits 3,110 3,308 9,059 10,045
Federal Home Loan Bank advances 2,641 1,987 7,106 5,780
Junior subordinated debentures 125 232 356 714
Other interest expense 1 2 4 7
Total interest expense 5,877 5,529 16,525 16,546
Net interest income 27,379 25,997 81,890 77,727
Provision for loan losses 1,800 200 2,750 300
Net interest income after provision for loan losses 25,579 25,797 79,140 77,427
Noninterest income:        
Wealth management revenues 9,623 8,902 28,278 26,249
Mortgage banking revenues 3,734 1,990 8,642 7,319
Service charges on deposit accounts 915 986 2,757 2,894
Card interchange fees 870 849 2,527 2,389
Income from bank-owned life insurance 521 498 2,110 1,480
Loan related derivative income 1,178 327 2,331 1,689
Equity in earnings (losses) of unconsolidated subsidiaries (88) (69) (265) (224)
Other income 508 430 1,429 1,398
Total noninterest income 17,261 13,913 47,809 43,194
Noninterest expense:        
Salaries and employee benefits 16,908 15,971 50,693 46,971
Net occupancy 1,766 1,721 5,376 5,276
Equipment 1,648 1,424 4,652 4,140
Outsourced services 1,254 1,250 3,911 3,774
Legal, audit and professional fees 691 630 1,982 1,916
FDIC deposit insurance costs 504 467 1,488 1,376
Advertising and promotion 370 356 1,055 1,201
Amortization of intangibles 321 260 966 571
Debt prepayment penalties 0 0 431 0
Acquisition related expenses 0 504 0 937
Change in fair value of contingent consideration (939) 16 (898) 16
Other expenses 2,127 1,939 6,474 6,190
Total noninterest expense 24,650 24,538 76,130 72,368
Income before income taxes 18,190 15,172 50,819 48,253
Income tax expense 5,863 4,964 16,500 15,532
Net income $ 12,327 $ 10,208 $ 34,319 $ 32,721
Weighted average common shares outstanding - basic 17,090 16,939 17,060 16,837
Weighted average common shares outstanding - diluted 17,203 17,102 17,198 17,027
Per share information:        
Basic earnings per common share $ 0.72 $ 0.60 $ 2.01 $ 1.94
Diluted earnings per common share 0.72 0.60 1.99 1.92
Cash dividends declared per share $ 0.37 $ 0.34 $ 1.09 $ 1.02