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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income      
Interest and fees on loans held for investment $ 87,632 $ 95,492 $ 96,600
Interest on securities - taxable 4,225 5,975 7,875
Interest on securities - nontaxable 3,978 4,350 4,790
Interest on deposits in banks 267 291 211
Total interest income 96,102 106,108 109,476
Interest Expense      
Interest on deposits 5,878 7,308 8,823
Interest on short-term borrowings 1,952 2,024 2,222
Interest on long-term debt 3,519 5,958 6,789
Total interest expense 11,349 15,290 17,834
Net interest income 84,753 90,818 91,642
Provision for loan losses 2,191 145 8,208
Net interest income after provision for loan losses 82,562 90,673 83,434
Noninterest Income      
Wealth management 2,975 3,030 3,412
Service charges on deposit accounts 13,717 13,828 13,558
Other service charges and fees 8,045 7,581 7,151
Insurance commissions 6,899 6,555 5,933
Impairment losses on securities   (737) (320)
Portion of losses recognized in other comprehensive income 0 0 0
Net impairment losses recognized in earnings   (737) (320)
Net gain (loss) on sale of securities 144 (1,385) 399
Net FDIC indemnification asset amortization (6,379) (3,979) (5,597)
Net gain on branch divestiture   755  
Other operating income 4,129 4,355 5,235
Total noninterest income 29,530 30,003 29,771
Noninterest Expense      
Salaries and employee benefits 39,625 40,713 41,235
Occupancy expense of bank premises 5,817 6,338 7,033
Furniture and equipment 5,199 4,952 4,966
Amortization of intangible assets 1,118 787 729
FDIC premiums and assessments 1,513 1,672 1,717
FHLB debt prepayment fees 1,702 5,008  
Merger, acquisition, and divestiture expense 86 1,150 57
Other operating expense 21,111 22,242 23,248
Total noninterest expense 76,171 82,862 78,985
Income before income taxes 35,921 37,814 34,220
Income tax expense 11,381 12,324 10,908
Net income 24,540 25,490 23,312
Dividends on preferred stock 105 910 1,024
Net income available to common shareholders $ 24,435 $ 24,580 $ 22,288
Basic earnings per common share $ 1.32 $ 1.34 $ 1.13
Diluted earnings per common share 1.31 1.31 1.11
Cash dividends per common share $ 0.54 $ 0.50 $ 0.48
Weighted average basic shares outstanding 18,531,039 18,406,363 19,792,099
Weighted average diluted shares outstanding 18,727,464 19,483,054 20,961,800