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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans $ 41,558 $ 38,493 $ 125,440 $ 109,633
Interest and Fee Income, Loans Held-for-sale, Mortgages 410 384 878 923
Taxable interest on securities 6,318 5,383 20,550 15,859
Nontaxable interest on securities 1 9 18 52
Dividends on Federal Home Loan Bank stock 747 634 2,162 1,700
Other interest income 493 261 1,232 723
Total interest and dividend income 49,527 45,164 150,280 128,890
Interest expense:        
Deposits 9,792 6,546 27,957 16,222
Federal Home Loan Bank advances 6,512 4,937 20,153 13,627
Junior subordinated debentures 245 232 750 629
Total interest expense 16,549 11,715 48,860 30,478
Net interest income 32,978 33,449 101,420 98,412
Provision for loan losses 400 350 1,575 750
Net interest income after provision for loan losses 32,578 33,099 99,845 97,662
Noninterest income:        
Wealth management revenues 9,153 9,454 27,954 29,329
Mortgage banking revenues 4,840 2,624 11,126 8,403
Card interchange fees 1,099 983 3,114 2,791
Service charges on deposit accounts 939 885 2,743 2,651
Loan related derivative income 1,407 278 2,877 1,087
Income from bank-owned life insurance 569 572 1,784 1,624
Net realized losses on securities 0 0 (80) 0
Other income 335 419 944 1,066
Total noninterest income 18,342 15,215 50,462 46,951
Noninterest expense:        
Salaries and employee benefits 18,332 17,283 54,387 52,359
Outsourced services 2,722 1,951 7,846 6,174
Net occupancy 1,933 2,013 5,835 5,945
Equipment 1,046 1,080 3,085 3,329
Legal, audit and professional fees 645 559 1,843 1,840
FDIC deposit insurance costs (460) 410 509 1,236
Advertising and promotion 368 440 1,132 946
Amortization of intangibles 236 245 714 740
Other expenses 2,048 2,081 6,634 6,911
Total noninterest expense 26,870 26,062 81,985 79,480
Income before income taxes 24,050 22,252 68,322 65,133
Income tax expense 5,236 4,741 14,740 13,737
Net income 18,814 17,511 53,582 51,396
Net income applicable to common shareholders $ 18,778 $ 17,475 $ 53,477 $ 51,284
Weighted average common shares outstanding - basic 17,338 17,283 17,324 17,263
Weighted average common shares outstanding - diluted 17,414 17,382 17,406 17,392
Per share information:        
Basic earnings per common share $ 1.08 $ 1.01 $ 3.09 $ 2.97
Diluted earnings per common share 1.08 1.01 3.07 2.95
Cash dividends declared per share $ 0.51 $ 0.43 $ 1.49 $ 1.29