Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income:    
Interest and fees on loans $ 62,947 $ 60,452
Interest on deposits in other banks 47 17
Interest and dividends on securities:    
Taxable 4,316 3,807
Nontaxable 3,439 3,324
Total interest and dividend income 70,749 67,600
Interest expense:    
Interest on deposits 4,195 3,321
Interest on federal funds purchased 2 1
Interest on short-term borrowings 621 249
Interest on long-term borrowings 2,200 2,060
Total interest expense 7,018 5,631
Net interest income 63,731 61,969
Provision for credit losses 2,604 1,750
Net interest income after provision for credit losses 61,127 60,219
Noninterest income:    
Service charges on deposit accounts 4,734 4,214
Other service charges and fees 4,156 3,584
Fiduciary and asset management fees 2,138 2,219
Mortgage banking income, net 2,146 2,379
Gains on securities transactions, net 143 193
Bank owned life insurance income 1,372 1,135
Other operating income 1,225 1,330
Total noninterest income 15,914 15,054
Noninterest expenses:    
Salaries and benefits 28,048 27,492
Occupancy expenses 4,976 5,133
Furniture and equipment expenses 2,636 2,813
Printing, postage, and supplies 1,139 1,370
Communications expense 1,089 1,179
Technology and data processing 3,814 3,255
Professional services 1,989 1,348
Marketing and advertising expense 1,938 1,687
FDIC assessment premiums and other insurance 1,362 1,398
Other taxes 1,618 1,551
Loan-related expenses 599 684
OREO and credit-related expenses 569 1,186
Amortization of intangible assets 1,880 2,222
Training and other personnel costs 744 721
Other expenses 1,871 1,801
Total noninterest expenses 54,272 53,840
Income before income taxes 22,769 21,433
Income tax expense 5,808 5,732
Net income $ 16,961 $ 15,701
Earnings per common share, basic $ 0.38 $ 0.35
Earnings per common share, diluted 0.38 0.35
Dividends declared per common share $ 0.19 $ 0.15
Basic weighted average number of common shares outstanding 44,251,276 45,105,969
Diluted weighted average number of common shares outstanding 44,327,229 45,187,516