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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Loans/leases, including fees $ 45,568 $ 34,214
Securities:    
Taxable 1,666 1,556
Nontaxable 3,545 3,289
Interest-bearing deposits at financial institutions 923 197
Restricted investment securities 307 234
Federal funds sold 93 56
Total interest and dividend income 52,102 39,546
Interest expense:    
Deposits 12,479 4,881
Short-term borrowings 71 33
Federal Home Loan Bank advances 903 1,064
Other borrowings 605 718
Subordinated notes. 564  
Junior subordinated debentures 572 447
Total interest expense 15,194 7,143
Net interest income 36,908 32,403
Provision for loan/lease losses 2,134 2,540
Net interest income after provision for loan/lease losses 34,774 29,863
Noninterest income:    
Revenue 64,095 48,087
Gains on sales of residential real estate loans, net 369 101
Gains on sales of government guaranteed portions of loans, net 31 358
Swap fee income 3,198 959
Earnings on bank-owned life insurance 540 418
Other 1,064 954
Total noninterest income 11,993 8,541
Noninterest expense:    
Salaries and employee benefits 20,879 15,978
Occupancy and equipment expense 3,694 3,066
Professional and data processing fees 2,750 2,708
Acquisition costs   93
Post-acquisition compensation, transition and integration costs 134  
FDIC insurance, other insurance and regulatory fees 964 756
Loan/lease expense 214 291
Net cost and gains/losses on operations of other real estate 298 132
Advertising and marketing 785 693
Bank service charges 483 440
Correspondent banking expense 204 204
CDI amortization 532 305
Other 1,498 1,197
Total noninterest expense 32,435 25,863
Net income before income taxes 14,332 12,541
Federal and state income tax expense 1,414 1,991
Net income $ 12,918 $ 10,550
Basic earnings per common share (in dollars per share) $ 0.82 $ 0.76
Diluted earnings per common share (in dollars per share) $ 0.81 $ 0.74
Weighted average common shares outstanding (in shares) 15,693,345 13,888,661
Weighted average common and common equivalent shares outstanding (in shares) 15,922,940 14,205,584
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.06
Trust department fees    
Noninterest income:    
Revenue $ 2,493 $ 2,237
Investment advisory and management services    
Noninterest income:    
Revenue 1,736 952
Deposit service fees    
Noninterest income:    
Revenue 1,554 1,531
Debit card fees    
Noninterest income:    
Revenue 792 766
Correspondent banking fees    
Noninterest income:    
Revenue $ 216 $ 265