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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Interest and fees on loans $ 119,491 $ 114,229 $ 107,842
Taxable interest on securities 11,584 8,875 10,437
Nontaxable interest on securities 982 1,555 2,149
Dividends on corporate stock and Federal Home Loan Bank stock 1,091 953 561
Other interest income 322 138 128
Total interest and dividend income 133,470 125,750 121,117
Interest expense:      
Deposits 12,504 13,142 12,937
Federal Home Loan Bank advances 9,992 7,746 7,698
Junior subordinated debentures 491 871 964
Other interest expense 5 9 13
Total interest expense 22,992 21,768 21,612
Net interest income 110,478 103,982 99,505
Provision for loan losses 5,650 1,050 1,850
Net interest income after provision for loan losses 104,828 102,932 97,655
Noninterest income:      
Wealth management revenues 37,569 35,416 33,378
Merchant processing fees 0 0 1,291
Mortgage banking revenues 13,183 9,901 7,152
Service charges on deposit accounts 3,702 3,865 3,395
Card interchange fees 3,385 3,199 3,057
Income from bank-owned life insurance 2,659 1,982 1,846
Loan related derivative income 3,243 2,441 1,136
Equity in earnings (losses) of unconsolidated subsidiaries (354) (293) (276)
Net gain on sale of business line 0 0 6,265
Other income 1,742 1,829 1,771
Total noninterest income 65,129 58,340 59,015
Noninterest expense:      
Salaries and employee benefits 67,221 63,024 58,530
Net occupancy 7,151 7,000 6,312
Equipment 6,208 5,533 4,903
Merchant processing costs 0 0 1,050
Outsourced services 5,222 5,111 4,483
Legal, audit and professional fees 2,579 2,741 2,336
FDIC deposit insurance costs 1,878 1,846 1,762
Advertising and promotion 1,458 1,526 1,546
Amortization of intangibles 1,284 904 644
Debt prepayment penalties 431 0 6,294
Acquisition related expenses 0 989 0
Change in fair value of contingent consideration (898) 41 0
Other expenses 8,569 8,214 8,987
Total noninterest expense 101,103 96,929 96,847
Income before income taxes 68,854 64,343 59,823
Income tax expense 22,373 20,878 18,999
Net income $ 46,481 $ 43,465 $ 40,824
Weighted average common shares outstanding - basic 17,081 16,879 16,689
Weighted average common shares outstanding - diluted 17,208 17,067 16,872
Per share information:      
Basic earnings per common share (in dollars per share) $ 2.72 $ 2.57 $ 2.44
Diluted earnings per common share (in dollars per share) 2.70 2.54 2.41
Cash dividends declared per share (in dollars per share) $ 1.46 $ 1.36 $ 1.22