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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans $ 31,642 $ 29,122 $ 61,994 $ 59,120
Interest on securities: Taxable 4,844 2,487 9,553 4,857
Interest on securities: Nontaxable 72 280 184 607
Dividends on Federal Home Loan Bank stock 439 231 826 441
Other interest income 156 70 260 134
Total interest and dividend income 37,153 32,190 72,817 65,159
Interest expense:        
Deposits 3,591 2,981 7,093 5,949
Federal Home Loan Bank advances 3,509 2,313 6,853 4,465
Junior subordinated debentures 149 119 287 231
Other interest expense 0 1 1 3
Total interest expense 7,249 5,414 14,234 10,648
Net interest income 29,904 26,776 58,583 54,511
Provision for loan losses 700 450 1,100 950
Net interest income after provision for loan losses 29,204 26,326 57,483 53,561
Noninterest income:        
Wealth management revenues 9,942 9,481 19,419 18,655
Mortgage banking revenues 2,919 2,710 5,259 4,908
Service charges on deposit accounts 901 935 1,784 1,842
Card interchange fees 902 860 1,704 1,657
Income from bank-owned life insurance 542 1,090 1,078 1,589
Loan related derivative income 1,144 508 1,292 1,153
Equity in earnings (losses) of unconsolidated subsidiaries (89) (89) (177) (177)
Other income 545 419 957 921
Total noninterest income 16,806 15,914 31,316 30,548
Noninterest expense:        
Salaries and employee benefits 17,358 17,405 34,153 33,785
Net occupancy 1,767 1,803 3,734 3,610
Equipment 1,313 1,503 2,780 3,004
Outsourced services 1,710 1,294 3,167 2,657
Legal, audit and professional fees 582 662 1,198 1,291
FDIC deposit insurance costs 469 491 950 984
Advertising and promotion 362 420 599 685
Amortization of intangibles 257 322 534 645
Debt prepayment penalties 0 0 0 431
Change in fair value of contingent consideration 0 16 (310) 41
Other expenses 2,488 2,114 4,787 4,347
Total noninterest expense 26,306 26,030 51,592 51,480
Income before income taxes 19,704 16,210 37,207 32,629
Income tax expense 6,505 5,153 12,226 10,637
Net income $ 13,199 $ 11,057 $ 24,981 $ 21,992
Weighted average common shares outstanding - basic 17,206 17,067 17,196 17,045
Weighted average common shares outstanding - diluted 17,316 17,194 17,312 17,185
Per share information:        
Basic earnings per common share $ 0.77 $ 0.65 $ 1.45 $ 1.29
Diluted earnings per common share 0.76 0.64 1.44 1.28
Cash dividends declared per share $ 0.38 $ 0.36 $ 0.76 $ 0.72