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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Interest and fees on loans $ 42,138 $ 36,788 $ 83,882 $ 71,140
Interest and Fee Income, Loans Held-for-sale, Mortgages 288 313 468 539
Taxable interest on securities 7,006 5,358 14,232 10,476
Nontaxable interest on securities 8 20 17 43
Dividends on Federal Home Loan Bank stock 720 550 1,415 1,066
Other interest income 399 257 739 462
Total interest and dividend income 50,559 43,286 100,753 83,726
Interest expense:        
Deposits 9,469 5,254 18,165 9,676
Federal Home Loan Bank advances 6,980 4,707 13,641 8,690
Junior subordinated debentures 252 214 505 397
Total interest expense 16,701 10,175 32,311 18,763
Net interest income 33,858 33,111 68,442 64,963
Provision for loan losses 525 400 1,175 400
Net interest income after provision for loan losses 33,333 32,711 67,267 64,563
Noninterest income:        
Wealth management revenues 9,549 9,602 18,801 19,875
Mortgage banking revenues 3,640 2,941 6,286 5,779
Card interchange fees 1,018 961 2,015 1,808
Service charges on deposit accounts 929 903 1,804 1,766
Loan related derivative income 746 668 1,470 809
Income from bank-owned life insurance 566 537 1,215 1,052
Net realized losses on securities (80) 0 (80) 0
Other income 385 381 609 647
Total noninterest income 16,753 15,993 32,120 31,736
Noninterest expense:        
Salaries and employee benefits 18,436 17,304 36,055 35,076
Outsourced services 2,518 2,350 5,124 4,223
Net occupancy 1,904 1,930 3,902 3,932
Equipment 1,028 1,069 2,039 2,249
Legal, audit and professional fees 664 555 1,198 1,281
FDIC deposit insurance costs 540 422 969 826
Advertising and promotion 525 329 764 506
Amortization of intangibles 239 247 478 495
Other expenses 2,297 2,082 4,586 4,830
Total noninterest expense 28,151 26,288 55,115 53,418
Income before income taxes 21,935 22,416 44,272 42,881
Income tax expense 4,662 4,742 9,504 8,996
Net income 17,273 17,674 34,768 33,885
Net income applicable to common shareholders $ 17,238 $ 17,636 $ 34,699 $ 33,809
Weighted average common shares outstanding - basic 17,330 17,272 17,317 17,253
Weighted average common shares outstanding - diluted 17,405 17,387 17,403 17,384
Per share information:        
Basic earnings per common share $ 0.99 $ 1.02 $ 2.00 $ 1.96
Diluted earnings per common share 0.99 1.01 1.99 1.94
Cash dividends declared per share $ 0.51 $ 0.43 $ 0.98 $ 0.86