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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans $ 32,509 $ 29,633 $ 94,503 $ 88,753
Interest on securities: Taxable 4,655 3,024 14,208 7,881
Interest on securities: Nontaxable 41 218 225 825
Dividends on Federal Home Loan Bank stock 467 288 1,293 729
Other interest income 197 93 457 227
Total interest and dividend income 37,869 33,256 110,686 98,415
Interest expense:        
Deposits 3,835 3,110 10,928 9,059
Federal Home Loan Bank advances 3,816 2,641 10,669 7,106
Junior subordinated debentures 159 125 446 356
Other interest expense 0 1 1 4
Total interest expense 7,810 5,877 22,044 16,525
Net interest income 30,059 27,379 88,642 81,890
Provision for loan losses 1,300 1,800 2,400 2,750
Net interest income after provision for loan losses 28,759 25,579 86,242 79,140
Noninterest income:        
Wealth management revenues 10,013 9,623 29,432 28,278
Mortgage banking revenues 3,036 3,734 8,295 8,642
Service charges on deposit accounts 942 915 2,726 2,757
Card interchange fees 894 870 2,598 2,527
Income from bank-owned life insurance 546 521 1,624 2,110
Loan related derivative income 1,452 1,178 2,744 2,331
Equity in earnings (losses) of unconsolidated subsidiaries (89) (88) (266) (265)
Other income 489 508 1,446 1,429
Total noninterest income 17,283 17,261 48,599 47,809
Noninterest expense:        
Salaries and employee benefits 17,251 16,908 51,404 50,693
Net occupancy 1,928 1,766 5,662 5,376
Equipment 1,380 1,648 4,160 4,652
Outsourced services 1,793 1,254 4,960 3,911
Legal, audit and professional fees 534 691 1,732 1,982
FDIC deposit insurance costs 308 504 1,258 1,488
Advertising and promotion 416 370 1,015 1,055
Amortization of intangibles 253 321 787 966
Debt prepayment penalties 0 0 0 431
Change in fair value of contingent consideration 0 (939) (310) (898)
Other expenses 2,891 2,127 7,678 6,474
Total noninterest expense 26,754 24,650 78,346 76,130
Income before income taxes 19,288 18,190 56,495 50,819
Income tax expense 6,326 5,863 18,552 16,500
Net income $ 12,962 $ 12,327 $ 37,943 $ 34,319
Weighted average common shares outstanding - basic 17,212 17,090 17,201 17,060
Weighted average common shares outstanding - diluted 17,318 17,203 17,320 17,198
Per share information:        
Basic earnings per common share $ 0.75 $ 0.72 $ 2.20 $ 2.01
Diluted earnings per common share 0.75 0.72 2.19 1.99
Cash dividends declared per share $ 0.39 $ 0.37 $ 1.15 $ 1.09