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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Interest and fees on loans $ 37,101 $ 31,642 $ 71,679 $ 61,994
Taxable interest on securities 5,358 4,844 10,476 9,553
Nontaxable interest on securities 20 72 43 184
Dividends on Federal Home Loan Bank stock 550 439 1,066 826
Other interest income 257 156 462 260
Total interest and dividend income 43,286 37,153 83,726 72,817
Interest expense:        
Deposits 5,254 3,591 9,676 7,093
Federal Home Loan Bank advances 4,707 3,509 8,690 6,853
Junior subordinated debentures 214 149 397 287
Other interest expense 0 0 0 1
Total interest expense 10,175 7,249 18,763 14,234
Net interest income 33,111 29,904 64,963 58,583
Provision for loan losses 400 700 400 1,100
Net interest income after provision for loan losses 32,711 29,204 64,563 57,483
Noninterest income:        
Wealth management revenues 9,602 9,942 19,875 19,419
Mortgage banking revenues 2,941 2,919 5,779 5,259
Service charges on deposit accounts 903 901 1,766 1,784
Card interchange fees 961 902 1,808 1,704
Income from bank-owned life insurance 537 542 1,052 1,078
Loan related derivative income 668 1,144 809 1,292
Other income 381 456 647 780
Total noninterest income 15,993 16,806 31,736 31,316
Noninterest expense:        
Salaries and employee benefits 17,304 17,418 35,076 34,335
Outsourced services 2,350 1,710 4,223 3,167
Net occupancy 1,930 1,767 3,932 3,734
Equipment 1,069 1,313 2,249 2,780
Legal, audit and professional fees 555 582 1,281 1,198
FDIC deposit insurance costs 422 469 826 950
Advertising and promotion 329 362 506 599
Amortization of intangibles 247 257 495 534
Change in fair value of contingent consideration 0 0 0 (310)
Other expenses 2,082 2,428 4,830 4,605
Total noninterest expense 26,288 26,306 53,418 51,592
Income before income taxes 22,416 19,704 42,881 37,207
Income tax expense 4,742 6,505 8,996 12,226
Net income $ 17,674 $ 13,199 $ 33,885 $ 24,981
Weighted average common shares outstanding - basic 17,272 17,206 17,253 17,196
Weighted average common shares outstanding - diluted 17,387 17,316 17,384 17,312
Per share information:        
Basic earnings per common share $ 1.02 $ 0.77 $ 1.96 $ 1.45
Diluted earnings per common share 1.01 0.76 1.94 1.44
Cash dividends declared per share $ 0.43 $ 0.38 $ 0.86 $ 0.76