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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans $ 38,877 $ 32,509 $ 110,556 $ 94,503
Taxable interest on securities 5,383 4,655 15,859 14,208
Nontaxable interest on securities 9 41 52 225
Dividends on Federal Home Loan Bank stock 634 467 1,700 1,293
Other interest income 261 197 723 457
Total interest and dividend income 45,164 37,869 128,890 110,686
Interest expense:        
Deposits 6,546 3,835 16,222 10,928
Federal Home Loan Bank advances 4,937 3,816 13,627 10,669
Junior subordinated debentures 232 159 629 446
Other interest expense 0 0 0 1
Total interest expense 11,715 7,810 30,478 22,044
Net interest income 33,449 30,059 98,412 88,642
Provision for loan losses 350 1,300 750 2,400
Net interest income after provision for loan losses 33,099 28,759 97,662 86,242
Noninterest income:        
Wealth management revenues 9,454 10,013 29,329 29,432
Mortgage banking revenues 2,624 3,036 8,403 8,295
Service charges on deposit accounts 885 942 2,651 2,726
Card interchange fees 983 894 2,791 2,598
Income from bank-owned life insurance 572 546 1,624 1,624
Loan related derivative income 278 1,452 1,087 2,744
Other income 419 400 1,066 1,180
Total noninterest income 15,215 17,283 46,951 48,599
Noninterest expense:        
Salaries and employee benefits 17,283 17,362 52,359 51,697
Outsourced services 1,951 1,793 6,174 4,960
Net occupancy 2,013 1,928 5,945 5,662
Equipment 1,080 1,380 3,329 4,160
Legal, audit and professional fees 559 534 1,840 1,732
FDIC deposit insurance costs 410 308 1,236 1,258
Advertising and promotion 440 416 946 1,015
Amortization of intangibles 245 253 740 787
Change in fair value of contingent consideration 0 0 0 (310)
Other expenses 2,081 2,780 6,911 7,385
Total noninterest expense 26,062 26,754 79,480 78,346
Income before income taxes 22,252 19,288 65,133 56,495
Income tax expense 4,741 6,326 13,737 18,552
Net income $ 17,511 $ 12,962 $ 51,396 $ 37,943
Weighted average common shares outstanding - basic 17,283 17,212 17,263 17,201
Weighted average common shares outstanding - diluted 17,382 17,318 17,392 17,320
Per share information:        
Basic earnings per common share $ 1.01 $ 0.75 $ 2.97 $ 2.20
Diluted earnings per common share 1.01 0.75 2.95 2.19
Cash dividends declared per share $ 0.43 $ 0.39 $ 1.29 $ 1.15