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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Interest and fees on loans $ 165,519 $ 149,932 $ 126,940
Interest on mortgage loans held for sale 1,237 1,212 1,022
Taxable interest on debt securities 26,367 21,816 18,927
Nontaxable interest on debt securities 18 61 249
Dividends on Federal Home Loan Bank stock 2,855 2,369 1,774
Other interest income 1,667 1,017 674
Total interest and dividend income 197,663 176,407 149,586
Interest expense:      
Deposits 37,101 24,175 15,064
Federal Home Loan Bank advances 26,168 19,073 14,377
Junior subordinated debentures 980 869 613
Other interest expense 0 0 1
Total interest expense 64,249 44,117 30,055
Net interest income [1] 133,414 132,290 119,531
Provision for loan losses 1,575 1,550 2,600
Net interest income after provision for loan losses 131,839 130,740 116,931
Noninterest income:      
Wealth management revenues [1] 36,848 38,341 39,346
Mortgage banking revenues [1] 14,795 10,381 11,392
Card interchange fees [1] 4,214 3,768 3,502
Service charges on deposit accounts [1] 3,684 3,628 3,672
Loan related derivative income [1] 3,993 2,461 3,214
Income from bank-owned life insurance [1] 2,354 2,196 2,161
Net realized losses on securities [1] (53) 0 0
Other income [1] 1,245 1,339 1,522
Total noninterest income [1] 67,080 62,114 64,809
Noninterest expense:      
Salaries and employee benefits 72,761 69,277 68,891
Outsourced services 10,598 8,684 6,920
Net occupancy 7,821 7,891 7,521
Equipment 4,081 4,312 5,358
Legal, audit and professional fees 2,535 2,427 2,294
FDIC deposit insurance costs 618 1,612 1,647
Advertising and promotion 1,534 1,406 1,481
Amortization of intangibles 943 979 1,035
Change in fair value of contingent consideration 0 (187) (643)
Other expenses 9,849 9,761 9,596
Total noninterest expense 110,740 106,162 104,100
Income before income taxes 88,179 86,692 77,640
Income tax expense 19,061 18,260 31,715
Net income 69,118 68,432 45,925
Net income available to common shareholders $ 68,979 $ 68,288 $ 45,817
Weighted average common shares outstanding - basic 17,331 17,272 17,207
Weighted average common shares outstanding - diluted 17,414 17,391 17,338
Per share information:      
Basic earnings per common share (in dollars per share) $ 3.98 $ 3.95 $ 2.66
Diluted earnings per common share (in dollars per share) $ 3.96 $ 3.93 $ 2.64
[1]
As reported in the Consolidated Statements of Income.