|
Interest and fees on loans
|
|
$47.5m
|
$57.5m
|
$69.3m
|
$96.3m
|
$106.0m
|
$115.8m
|
|
Taxable
|
|
$4.7m
|
$4.9m
|
$9.9m
|
$12.7m
|
$11.7m
|
$10.6m
|
|
Tax exempt
|
|
$994k
|
$1.6m
|
$2.3m
|
$2.3m
|
$2.3m
|
$2.1m
|
|
Interest on Federal funds sold and other
|
|
$294k
|
$372k
|
$2.7m
|
$6.5m
|
$7.2m
|
$6.4m
|
|
Savings and NOW accounts
|
|
$3.4m
|
$2.4m
|
$4.1m
|
$13.1m
|
$20.5m
|
$21.0m
|
|
Time deposits
|
|
$917k
|
$511k
|
$346k
|
$6.4m
|
$7.4m
|
$6.3m
|
|
FHLB advances
|
|
$10k
|
—
|
$599k
|
$8.9m
|
$6.7m
|
$2.2m
|
|
Subordinated notes
|
|
$246k
|
$919k
|
$923k
|
$922k
|
$921k
|
$1.5m
|
|
NET INTEREST INCOME
|
|
$48.7m
|
$60.5m
|
$78.1m
|
$88.4m
|
$91.8m
|
$104.1m
|
|
Provision (recovery) for credit losses - investments
|
|
—
|
—
|
—
|
$5.0m
|
($1.9m)
|
$0
|
|
Provision for credit losses - loans
|
|
—
|
—
|
$9.5m
|
$2.9m
|
$9.6m
|
$7.7m
|
|
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES
|
|
$43.3m
|
$58.0m
|
$68.6m
|
$80.5m
|
$84.1m
|
$96.3m
|
|
Service charges on deposit accounts
|
|
$682k
|
$638k
|
$693k
|
$809k
|
$1.0m
|
$1.4m
|
|
Trust income
|
|
$4.1m
|
$4.8m
|
$4.8m
|
$5.1m
|
$5.5m
|
$6.6m
|
|
Investment advisory income
|
|
$4.1m
|
$4.9m
|
$4.5m
|
$5.2m
|
$6.7m
|
$7.6m
|
|
Investment securities gains(losses), net
|
|
$804k
|
—
|
—
|
$107k
|
—
|
($568k)
|
|
Earnings on bank owned life insurance
|
|
$702k
|
$793k
|
$950k
|
$984k
|
$815k
|
$878k
|
|
Proceeds from bank owned life insurance benefit
|
|
—
|
—
|
—
|
—
|
—
|
$3.6m
|
|
Gain on sale of assets
|
|
—
|
—
|
—
|
—
|
—
|
$1.2m
|
|
Other
|
|
$2.7m
|
$2.8m
|
$3.6m
|
$4.4m
|
$7.0m
|
$5.0m
|
|
Salaries
|
|
$17.8m
|
$19.7m
|
$22.5m
|
$24.7m
|
$27.5m
|
$28.4m
|
|
Employee benefits
|
|
$4.2m
|
$3.3m
|
$5.6m
|
$7.4m
|
$8.9m
|
$9.6m
|
|
Professional fees
|
|
$3.3m
|
$3.6m
|
$4.1m
|
$4.8m
|
$5.9m
|
$6.2m
|
|
FDIC assessment
|
|
$910k
|
$1.2m
|
$1.4m
|
$1.4m
|
$1.3m
|
$1.3m
|
|
Intangible amortization
|
|
$286k
|
$285k
|
$286k
|
$285k
|
$286k
|
$286k
|
|
Provision for income taxes
|
|
$2.8m
|
$5.4m
|
$5.9m
|
$7.7m
|
$6.9m
|
$9.9m
|
|
TOTAL INTEREST INCOME
|
|
$53.5m
|
$64.4m
|
$84.2m
|
$117.8m
|
$127.2m
|
$135.0m
|
|
TOTAL NONINTEREST INCOME
|
|
$11.4m
|
$12.1m
|
$12.0m
|
$13.4m
|
$16.0m
|
$23.1m
|
|
Income before income taxes
|
|
$14.5m
|
$26.7m
|
$30.3m
|
$37.1m
|
$34.8m
|
$51.6m
|
|
NET INCOME
|
|
$11.7m
|
$21.3m
|
$24.4m
|
$29.5m
|
$27.9m
|
$41.6m
|
|
Basic earnings per share (in dollars per share)
|
|
$2.59
|
$4.28
|
$4.33
|
$5.24
|
$2.47
|
$3.33
|
|
Diluted earnings per share (in dollars per share)
|
|
$2.59
|
$4.28
|
$4.33
|
$5.24
|
$2.47
|
$3.33
|
|
Weighted average shares outstanding, Basic (in shares)
|
|
4.5m
|
5.0m
|
5.6m
|
5.6m
|
11.3m
|
12.5m
|
|
Weighted average shares outstanding, Diluted (in shares)
|
|
4.5m
|
5.0m
|
5.6m
|
5.6m
|
11.3m
|
12.5m
|
|
Occupancy expense
|
|
$3.7m
|
$4.1m
|
$4.5m
|
$4.8m
|
$4.8m
|
$5.1m
|
|
Directors' fees and expenses
|
|
$1.1m
|
$1.0m
|
$1.2m
|
$1.5m
|
$1.1m
|
$1.2m
|
|
Computer software expense
|
|
$4.0m
|
$5.2m
|
$4.8m
|
$5.0m
|
$6.0m
|
$7.8m
|
|
Advertising expenses
|
|
$1.2m
|
$1.2m
|
$1.6m
|
$1.7m
|
$1.6m
|
$2.0m
|
|
Advisor expenses related to trust income
|
|
$455k
|
$533k
|
$215k
|
$120k
|
$113k
|
$90k
|
|
Telephone expenses
|
|
$552k
|
$556k
|
$679k
|
$712k
|
$746k
|
$868k
|
|
TOTAL INTEREST EXPENSE
|
|
$4.7m
|
$4.0m
|
$6.1m
|
$29.4m
|
$35.5m
|
$30.9m
|
|
TOTAL NONINTEREST EXPENSE
|
|
$40.2m
|
$43.5m
|
$50.3m
|
$56.8m
|
$65.2m
|
$67.9m
|