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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Interest and fees on loans $ 149,932 $ 126,940 $ 118,198
Interest on mortgage loans held for sale 1,212 1,022 1,293
Taxable interest on securities 21,816 18,927 11,584
Nontaxable interest on securities 61 249 982
Dividends on Federal Home Loan Bank stock 2,369 1,774 1,091
Other interest income 1,017 674 322
Total interest and dividend income 176,407 149,586 133,470
Interest expense:      
Deposits 24,175 15,064 12,504
Federal Home Loan Bank advances 19,073 14,377 9,992
Junior subordinated debentures 869 613 491
Other interest expense 0 1 5
Total interest expense 44,117 30,055 22,992
Net interest income 132,290 119,531 110,478
Provision for loan losses 1,550 2,600 5,650
Net interest income after provision for loan losses 130,740 116,931 104,828
Noninterest income:      
Wealth management revenues 38,341 39,346 37,569
Mortgage banking revenues 10,381 11,392 13,183
Card interchange fees 3,768 3,502 3,385
Service charges on deposit accounts 3,628 3,672 3,702
Loan related derivative income 2,461 3,214 3,243
Income from bank-owned life insurance 2,196 2,161 2,659
Other income 1,339 1,522 1,388
Total noninterest income 62,114 64,809 65,129
Noninterest expense:      
Salaries and employee benefits 69,277 68,891 67,795
Outsourced services 8,684 6,920 5,222
Net occupancy 7,891 7,521 7,151
Equipment 4,312 5,358 6,208
Legal, audit and professional fees 2,427 2,294 2,579
FDIC deposit insurance costs 1,612 1,647 1,878
Advertising and promotion 1,406 1,481 1,458
Amortization of intangibles 979 1,035 1,284
Debt prepayment penalties 0 0 431
Change in fair value of contingent consideration (187) (643) (898)
Other expenses 9,761 9,596 7,995
Total noninterest expense 106,162 104,100 101,103
Income before income taxes 86,692 77,640 68,854
Income tax expense 18,260 31,715 22,373
Net income 68,432 45,925 46,481
Net income available to common shareholders $ 68,288 $ 45,817 $ 46,384
Weighted average common shares outstanding - basic 17,272 17,207 17,081
Weighted average common shares outstanding - diluted 17,391 17,338 17,208
Per share information:      
Basic earnings per common share (in dollars per share) $ 3.95 $ 2.66 $ 2.72
Diluted earnings per common share (in dollars per share) 3.93 2.64 2.70
Cash dividends declared per share (in dollars per share) $ 1.76 $ 1.54 $ 1.46