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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income:        
Interest and fees on loans and leases $ 33,031 $ 30,706 $ 65,170 $ 60,440
Interest on loans held for sale 132 71 208 130
Interest on deposits with banks 22 22 44 42
Interest and dividends on investment securities:        
Taxable 3,850 3,876 7,427 7,992
Exempt from federal income taxes 1,814 2,316 4,072 4,637
Total interest income 38,849 36,991 76,921 73,241
Interest Expense:        
Interest on deposits 1,367 1,193 2,561 2,377
Interest on retail repurchase agreements and federal funds purchased 60 37 110 75
Interest on advances from FHLB 3,266 3,233 6,502 6,451
Interest on subordinated debt 223 219 442 437
Total interest expense 4,916 4,682 9,615 9,340
Net interest income 33,933 32,309 67,306 63,901
Provision (credit) for loan and lease losses 1,218 158 1,815 (824)
Net interest income after provision (credit) for loan and lease losses 32,715 32,151 65,491 64,725
Non-interest Income:        
Investment securities gains 19 0 19 0
Service charges on deposit accounts 1,839 2,089 3,721 4,061
Mortgage banking activities 822 570 2,000 886
Wealth management income 5,161 4,741 10,077 9,207
Insurance agency commissions 881 961 2,499 2,601
Income from bank owned life insurance 606 608 1,319 1,206
Visa check fees 1,220 1,169 2,277 2,147
Other income 1,561 1,556 3,356 2,835
Total non-interest income 12,109 11,694 25,268 22,943
Non-interest Expenses:        
Salaries and employee benefits 17,534 16,474 34,833 32,829
Occupancy expense of premises 3,173 3,274 6,662 6,746
Equipment expenses 1,490 1,262 2,863 2,518
Marketing 942 802 1,473 1,344
Outside data services 1,102 1,216 2,363 2,432
FDIC insurance 654 573 1,285 1,093
Amortization of intangible assets 106 224 213 594
Litigation Expense 162 6,128 362 6,128
Other Expense 4,314 4,188 8,667 8,006
Total non-interest expenses 29,477 34,141 58,721 61,690
Income before income taxes 15,347 9,704 32,038 25,978
Income tax expense 5,014 2,722 10,480 8,068
Net income $ 10,333 $ 6,982 $ 21,558 $ 17,910
Net Income Per Share Amounts:        
Basic net income per share $ 0.42 $ 0.28 $ 0.87 $ 0.72
Diluted net income per share 0.42 0.28 0.87 0.71
Dividends declared per share $ 0.22 $ 0.18 $ 0.44 $ 0.36