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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income:        
Interest and fees on loans and leases $ 34,484 $ 31,030 $ 99,654 $ 91,470
Interest on loans held for sale 214 81 422 211
Interest on deposits with banks 25 24 69 66
Interest and dividends on investment securities:        
Taxable 3,597 3,712 11,024 11,704
Exempt from federal income taxes 1,996 2,303 6,068 6,940
Interest on federal funds sold 1 0 1 0
Total interest income 40,317 37,150 117,238 110,391
Interest Expense:        
Interest on deposits 1,632 1,208 4,193 3,585
Interest on retail repurchase agreements and federal funds purchased 69 42 179 117
Interest on advances from FHLB 3,272 3,258 9,774 9,709
Interest on subordinated debt 228 222 670 659
Total interest expense 5,201 4,730 14,816 14,070
Net interest income 35,116 32,420 102,422 96,321
Provision (credit) for loan and lease losses 1,706 (192) 3,521 (1,016)
Net interest income after provision (credit) for loan and lease losses 33,410 32,612 98,901 97,337
Non-interest Income:        
Investment securities gains 1 8 20 8
Service charges on deposit accounts 1,936 2,226 5,657 6,287
Mortgage banking activities 566 596 2,566 1,482
Wealth management income 4,963 4,974 15,040 14,181
Insurance agency commissions 1,648 1,410 4,147 4,011
Income from bank owned life insurance 618 611 1,937 1,817
Visa check fees 1,198 1,148 3,475 3,295
Other income 1,460 1,617 4,816 4,452
Total non-interest income 12,390 12,590 37,658 35,533
Non-interest Expenses:        
Salaries and employee benefits 17,733 16,765 52,566 49,594
Occupancy expense of premises 3,086 3,032 9,748 9,778
Equipment expenses 1,600 1,337 4,463 3,855
Marketing 688 744 2,161 2,088
Outside data services 1,329 1,231 3,692 3,663
FDIC insurance 565 594 1,850 1,687
Amortization of intangible assets 107 115 320 709
Litigation Expense 155 236 517 6,364
Other Expense 4,367 4,578 13,034 12,584
Total non-interest expenses 29,630 28,632 88,351 90,322
Income before income taxes 16,170 16,570 48,208 42,548
Income tax expense 5,175 5,428 15,655 13,496
Net income $ 10,995 $ 11,142 $ 32,553 $ 29,052
Net Income Per Share Amounts:        
Basic net income per share $ 0.45 $ 0.44 $ 1.32 $ 1.16
Diluted net income per share 0.45 0.44 1.31 1.16
Dividends declared per share $ 0.22 $ 0.2 $ 0.66 $ 0.56