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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Interest and fees on loans $ 127,962 $ 119,491 $ 114,229
Taxable interest on securities 18,927 11,584 8,875
Nontaxable interest on securities 249 982 1,555
Dividends on corporate stock and Federal Home Loan Bank stock 1,774 1,091 953
Other interest income 674 322 138
Total interest and dividend income 149,586 133,470 125,750
Interest expense:      
Deposits 15,064 12,504 13,142
Federal Home Loan Bank advances 14,377 9,992 7,746
Junior subordinated debentures 613 491 871
Other interest expense 1 5 9
Total interest expense 30,055 22,992 21,768
Net interest income 119,531 110,478 103,982
Provision for loan losses 2,600 5,650 1,050
Net interest income after provision for loan losses 116,931 104,828 102,932
Noninterest income:      
Wealth management revenues 39,346 37,569 35,416
Mortgage banking revenues 11,392 13,183 9,901
Service charges on deposit accounts 3,672 3,702 3,865
Card interchange fees 3,502 3,385 3,199
Loan related derivative income 3,214 3,243 2,441
Income from bank-owned life insurance 2,161 2,659 1,982
Other income 1,522 1,388 1,536
Total noninterest income 64,809 65,129 58,340
Noninterest expense:      
Salaries and employee benefits 68,487 67,221 63,024
Net occupancy 7,521 7,151 7,000
Outsourced services 6,920 5,222 5,111
Equipment 5,358 6,208 5,533
Legal, audit and professional fees 2,294 2,579 2,741
FDIC deposit insurance costs 1,647 1,878 1,846
Advertising and promotion 1,481 1,458 1,526
Amortization of intangibles 1,035 1,284 904
Debt prepayment penalties 0 431 0
Acquisition related expenses 0 0 989
Change in fair value of contingent consideration (643) (898) 41
Other expenses 10,000 8,569 8,214
Total noninterest expense 104,100 101,103 96,929
Income before income taxes 77,640 68,854 64,343
Income tax expense 31,715 22,373 20,878
Net income $ 45,925 $ 46,481 $ 43,465
Weighted average common shares outstanding - basic 17,207 17,081 16,879
Weighted average common shares outstanding - diluted 17,338 17,208 17,067
Per share information:      
Basic earnings per common share (in dollars per share) $ 2.66 $ 2.72 $ 2.57
Diluted earnings per common share (in dollars per share) 2.64 2.70 2.54
Cash dividends declared per share (in dollars per share) $ 1.54 $ 1.46 $ 1.36