CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2016 |
Mar. 31, 2015 |
| Interest income: |
|
|
|
| Loans and leases |
$ 42,736
|
$ 39,604
|
|
| Investment securities, taxable |
3,080
|
3,004
|
|
| Investment securities, tax-exempt |
692
|
769
|
|
| Other |
291
|
255
|
|
| Total interest income |
46,799
|
43,632
|
|
| Interest expense: |
|
|
|
| Deposits |
3,771
|
2,559
|
|
| Short-term borrowings |
161
|
103
|
|
| Subordinated notes |
1,055
|
1,055
|
|
| Long-term debt and mandatorily redeemable securities |
523
|
479
|
|
| Total interest expense |
5,510
|
4,196
|
|
| Net interest income |
41,289
|
39,436
|
|
| Provision for loan and lease losses |
975
|
357
|
|
| Net interest income after provision for loan and lease losses |
40,314
|
39,079
|
|
| Noninterest income: |
|
|
|
| Trust fees |
4,623
|
4,557
|
|
| Service charges on deposit accounts |
2,107
|
2,197
|
|
| Debit card income |
2,599
|
2,399
|
|
| Mortgage banking income |
1,046
|
1,251
|
|
| Insurance commissions |
1,563
|
1,305
|
|
| Equipment rental income |
6,073
|
5,079
|
|
| Gains on investment securities available-for-sale |
10
|
0
|
|
| Other income |
3,606
|
2,963
|
|
| Total noninterest income |
21,627
|
19,751
|
|
| Noninterest expense: |
|
|
|
| Salaries and employee benefits |
21,351
|
20,925
|
|
| Net occupancy expense |
2,501
|
2,461
|
|
| Furniture and equipment expense |
4,790
|
4,336
|
|
| Depreciation - leased equipment |
5,101
|
4,088
|
|
| Professional fees |
1,219
|
870
|
|
| Supplies and communication |
1,508
|
1,406
|
|
| FDIC and other insurance |
879
|
849
|
|
| Business development and marketing expense |
980
|
1,049
|
|
| Loan and lease collection and repossession expense |
427
|
363
|
|
| Other expense |
1,949
|
1,714
|
|
| Total noninterest expense |
40,705
|
38,061
|
|
| Income before income taxes |
21,236
|
20,769
|
|
| Income tax expense |
7,418
|
7,258
|
|
| Net income |
$ 13,818
|
$ 13,511
|
|
| Per common share: |
|
|
|
| Basic net income per common share (in dollars per share) |
$ 0.53
|
$ 0.51
|
[1] |
| Diluted net income per common share (in dollars per share) |
0.53
|
0.51
|
[1] |
| Cash dividends (in dollars per share) |
$ 0.18
|
$ 0.164
|
[1] |
| Basic weighted average common shares outstanding (in shares) |
25,923,530
|
26,258,273
|
[1] |
| Diluted weighted average common shares outstanding (in shares) |
25,923,530
|
26,258,273
|
[1] |
|
|