XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Statement - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME    
Loans $ 45,165 $ 43,744
Investment securities and other 1,717 1,669
TOTAL INTEREST INCOME 46,882 45,413
INTEREST EXPENSE    
Deposits 5,584 4,964
Federal Home Loan Bank advances 605 255
Short-term borrowings and repurchase agreements 28 226
Subordinated debentures issued to capital trusts 202 242
Subordinated notes 1,025 1,025
TOTAL INTEREST EXPENSE 7,444 6,712
NET INTEREST INCOME 39,438 38,701
Provision for Loan Losses 1,950 2,250
Net Interest Income After Provision for Loan Losses 37,488 36,451
NON-INTEREST INCOME    
Commissions 248 266
Service charges and ATM fees 5,244 5,268
Net realized gains on sales of loans 462 872
Late charges and fees on loans 389 878
Gain on derivative interest rate products 37 7
Amortization of Income Expense Related to Business Acquisitions 0 (489)
Other income 555 896
TOTAL NON-INTEREST INCOME 6,935 7,698
NON-INTEREST EXPENSE    
Salaries and employee benefits 14,623 15,333
Net occupancy and equipment expense 6,384 6,316
Postage 866 933
Insurance 670 798
Advertising 671 413
Office supplies and printing 233 697
Telephone 719 810
Legal, audit and other professional fees 809 320
Expense on Other Real Estate Owned 1,141 575
Partnership Tax Credit Investment Amortization 302 278
Acquired Deposit Intangible Asset Amortization 412 412
Other operating expenses 1,482 1,688
TOTAL NON-INTEREST EXPENSE 28,312 28,573
Income Before Income Taxes 16,111 15,576
Provision for Income Taxes 2,645 4,058
Net income available to common stockholders $ 13,466 $ 11,518
Basic Earnings Per Common Share $ 0.95 $ 0.82
Diluted Earnings Per Common Share 0.95 0.81
Dividends Declared Per Common Share $ 0.28 $ 0.22