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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income:        
Interest and fees on loans and leases $ 42,747 $ 36,928 $ 82,970 $ 73,134
Interest on loans held for sale 72 64 154 198
Interest on deposits with banks 91 54 181 107
Interest and dividends on investment securities:        
Taxable 3,554 2,840 7,162 6,126
Exempt from federal income taxes 2,106 1,916 4,057 3,889
Interest on federal funds sold 6 1 10 2
Total interest income 48,576 41,803 94,534 83,456
Interest Expense:        
Interest on deposits 3,023 2,041 5,511 3,878
Interest on retail repurchase agreements and federal funds purchased 79 72 155 138
Interest on advances from FHLB 3,148 2,739 6,277 6,113
Interest on subordinated debt 0 219 12 473
Total interest expense 6,250 5,071 11,955 10,602
Net interest income 42,326 36,732 82,579 72,854
Provision for loan losses 1,322 2,957 1,516 4,193
Net interest income after provision for loan losses 41,004 33,775 81,063 68,661
Non-interest Income:        
Investment securities gains 1,273 150 1,275 1,919
Service charges on deposit accounts 2,017 1,956 3,981 3,859
Mortgage banking activities 840 1,106 1,448 1,641
Wealth management income 4,744 4,448 9,228 8,853
Insurance agency commissions 1,222 949 2,974 2,394
Income from bank owned life insurance 605 615 1,199 1,230
Bank card fees 1,253 1,220 2,398 2,309
Other income 1,617 2,307 3,700 3,909
Total non-interest income 13,571 12,751 26,203 26,114
Non-interest Expenses:        
Salaries and employee benefits 18,282 17,221 36,083 35,451
Occupancy expense of premises 3,211 3,162 6,613 6,635
Equipment expenses 1,767 1,693 3,491 3,357
Marketing 776 662 1,439 1,343
Outside data services 1,367 1,355 2,759 2,718
FDIC insurance 823 649 1,628 1,286
Amortization of intangible assets 25 28 51 60
Merger expenses 987 0 987 0
Other Expense 5,630 6,101 9,798 12,338
Total non-interest expenses 32,868 30,871 62,849 63,188
Income before income taxes 21,707 15,655 44,417 31,587
Income tax expense 6,966 5,008 14,564 10,127
Net income $ 14,741 $ 10,647 $ 29,853 $ 21,460
Per share information:        
Basic net income per share $ 0.61 $ 0.45 $ 1.24 $ 0.9
Diluted net income per share 0.61 0.44 1.23 0.89
Dividends declared per common share $ 0.26 $ 0.24 $ 0.52 $ 0.48