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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income        
Interest on loans $ 49,514 $ 47,019 $ 147,111 $ 141,717
Taxable interest and dividends on securities 4,563 3,763 13,903 10,798
Nontaxable interest and dividends on securities 36 10 110 32
Interest on loans held for sale 159 156 306 661
Interest on federal funds sold and short-term investments 96 79 203 134
Total interest and dividend income 54,368 51,027 161,633 153,342
Interest expense        
Interest on deposits 2,735 2,649 8,314 7,857
Interest on borrowings 2,070 3,182 7,095 9,812
Total interest expense 4,805 5,831 15,409 17,669
Net interest income 49,563 45,196 146,224 135,673
Provision for loan losses 1,901 2,650 8,653 7,050
Net interest income after provision for loan losses 47,662 42,546 137,571 128,623
Noninterest income        
Deposit account fees 4,656 4,604 13,478 13,164
Interchange and ATM fees 3,375 2,845 9,672 7,934
Investment management 5,016 4,175 14,755 12,417
Mortgage banking income 1,015 1,843 2,379 5,794
Loan level derivative income 381 1,331 1,452 2,679
Increase in cash surrender value of life insurance policies 774 793 2,217 2,325
Gains (Losses) on Extinguishment of Debt 0 763 0 763
Gain Realized on Life Insurance Policies 0 0 1,964 0
Gain (Loss) on Sale of Equity Investments 67 0 138 (4)
Other noninterest income 1,814 1,776 5,414 5,473
Total noninterest income 17,098 18,130 51,469 50,545
Noninterest expenses        
Salaries and employee benefits 23,651 22,654 69,574 66,963
Occupancy and equipment expenses 5,027 4,573 16,474 14,742
Data processing & facilities management 1,178 1,179 3,609 3,564
FDIC assessment 957 898 2,828 2,653
Advertising expense 1,179 759 3,252 3,410
Consulting expense 737 914 2,105 2,291
Debit Card Expense 552 766 1,694 2,209
Loss on termination of derivatives 0    1,122 0
Business Combination, Acquisition Related Costs 677 366 754 2,465
Software maintenance 579 599 1,850 1,878
Other noninterest expenses 8,070 8,014 24,212 25,630
Total noninterest expenses 42,607 40,722 127,474 125,805
Income before income taxes 22,153 19,954 61,566 53,363
Provision for income taxes 6,415 5,299 17,699 13,698
Net income $ 15,738 $ 14,655 $ 43,867 $ 39,665
Basic earnings per share (in dollars per share) $ 0.66 $ 0.64 $ 1.84 $ 1.73
Diluted earnings per share (in dollars per share) $ 0.66 $ 0.64 $ 1.83 $ 1.73
Weighted average common shares (basic) (in shares) 23,911,678 22,946,308 23,876,391 22,886,521
Common shares equivalents (in shares) 90,685 100,806 95,320 72,799
Weighted average common shares (diluted) (in shares) 24,002,363 23,047,114 23,971,711 22,959,320
Cash dividends declared per common share (in dollars per share) $ 0.24 $ 0.22 $ 0.72 $ 0.66