XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME    
Loans, including fees $ 62,919 $ 53,635
Securities:    
Taxable 1,898 1,761
Tax-exempt 171 187
Federal funds sold 104  
Interest-bearing deposits with banks 5,782 3,440
Total interest income 70,874 59,023
INTEREST EXPENSE    
Deposits 7,269 3,725
Short-term borrowings 35 3
Junior subordinated debentures 535 527
Total interest expense 7,839 4,255
Net interest income 63,035 54,768
Provision for loan losses 314 72
Net interest income after provision for loan losses 62,721 54,696
NONINTEREST INCOME    
Trust revenue 3,129 2,952
Service charges on deposits 16,653 15,778
Securities transactions (includes no accumulated other comprehensive income reclassifications) (14)  
Income from sales of loans 651 632
Insurance commissions 5,199 4,563
Cash management 3,021 2,754
Gain (loss) on sale of other assets 26 (24)
Other 1,445 1,430
Total noninterest income 30,110 28,085
NONINTEREST EXPENSE    
Salaries and employee benefits 34,190 30,654
Occupancy, net 3,402 2,974
Depreciation 2,410 2,420
Amortization of intangible assets 733 547
Data processing services 1,203 1,195
Net expense from other real estate owned 26 50
Marketing and business promotion 2,352 2,215
Deposit insurance 619 588
Other 10,955 8,945
Total noninterest expense 55,890 49,588
Income before taxes 36,941 33,193
Income tax expense 7,321 11,143
Net income $ 29,620 $ 22,050
NET INCOME PER COMMON SHARE    
Basic $ 0.91 $ 0.70
Diluted $ 0.89 $ 0.68
OTHER COMPREHENSIVE LOSS    
Unrealized losses on securities, net of tax of $474 and $113, respectively $ (1,388) $ (178)
Other comprehensive losses, net of tax of $474 and $113, respectively (1,388) (178)
Comprehensive income $ 28,232 $ 21,872