XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Statement - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Loans $ 44,824 $ 45,335 $ 131,734 $ 133,460
Investment securities and other 1,544 1,521 4,791 4,779
TOTAL INTEREST INCOME 46,368 46,856 136,525 138,239
INTEREST EXPENSE        
Deposits 5,131 4,423 15,100 12,480
Federal Home Loan Bank advances 546 259 1,045 955
Short-term borrowings and repurchase agreements 118 450 662 936
Subordinated debentures issued to capital trusts 267 209 760 573
Subordinated notes 1,025 487 3,075 487
TOTAL INTEREST EXPENSE 7,087 5,828 20,642 15,431
NET INTEREST INCOME 39,281 41,028 115,883 122,808
Provision for Loan Losses 2,950 2,500 7,150 6,901
Net Interest Income After Provision for Loan Losses 36,331 38,528 108,733 115,907
NON-INTEREST INCOME        
Commissions 279 245 851 763
Service charges and ATM fees 5,533 5,548 16,195 16,201
Net realized gains on sales of loans 719 1,217 2,343 3,062
Net realized gains on sales of available-for-sale securities 0 144 0 2,881
Late charges and fees on loans 436 435 1,922 1,315
Loss on derivative interest rate products 8 58 5 179
Amortization of Income Expense Related to Business Acquisitions 0 (1,215) (486) (5,503)
Other income 680 658 2,627 3,025
Loss on derivative interest rate products (8) (58) (5) (179)
Gain (Loss) on Termination of Loss Sharing Agreements     7,704 (584)
TOTAL NON-INTEREST INCOME 7,655 7,090 31,151 20,981
NON-INTEREST EXPENSE        
Salaries and employee benefits 14,664 15,062 44,495 45,671
Net occupancy and equipment expense 6,079 6,335 18,419 19,556
Postage 845 923 2,651 2,881
Insurance 755 961 2,300 2,944
Advertising 587 803 1,656 1,767
Office supplies and printing 279 575 1,208 1,435
Telephone 790 823 2,389 2,649
Legal, audit and other professional fees 610 748 1,991 2,399
Expense on Other Real Estate Owned 1,343 1,298 2,595 3,083
Partnership Tax Credit Investment Amortization 217 420 713 1,260
Acquired Deposit Intangible Asset Amortization 412 464 1,237 1,497
Other operating expenses 1,453 2,245 5,322 6,242
TOTAL NON-INTEREST EXPENSE 28,034 30,657 84,976 91,384
Income Before Income Taxes 15,952 14,961 54,908 45,504
Provision for Income Taxes 4,289 3,740 15,550 11,956
Net income available to common stockholders $ 11,663 $ 11,221 $ 39,358 $ 33,548
Basic Earnings Per Common Share $ 0.83 $ 0.81 $ 2.81 $ 2.41
Diluted Earnings Per Common Share 0.82 0.80 2.77 2.39
Dividends Declared Per Common Share $ 0.24 $ 0.22 $ 0.70 $ 0.66