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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME      
Loans $ 577,558 $ 485,663 $ 415,410
Investment securities and other interest-earning assets 53,168 40,444 33,013
Total interest income 630,726 526,107 448,423
INTEREST EXPENSE      
Deposits 34,336 58,297 37,653
FHLB advances and other borrowings 1,532 9,829 11,343
Subordinated debentures 20,647 10,680 6,716
Total interest expense 56,515 78,806 55,712
Net interest income before provision for credit losses 574,211 447,301 392,711
Provision for credit losses 191,816 5,719 8,253
Net interest income after provision for credit losses 382,395 441,582 384,458
NONINTEREST INCOME      
Loan servicing income 2,028 1,840 1,445
Earnings on bank-owned life insurance 7,160 3,486 3,427
Net gain from sales of loans 8,609 6,642 10,759
Net gain from sales of investment securities 13,882 8,571 1,399
Other income 12,201 4,486 3,641
Total noninterest income 71,325 35,236 31,027
NONINTEREST EXPENSE      
Compensation and benefits 180,452 139,187 129,886
Premises and occupancy 43,296 30,758 24,544
Data processing 20,491 12,301 13,412
Other real estate owned operations, net 1 160 4
FDIC insurance premiums 3,571 764 3,002
Legal and professional services 15,633 12,869 10,040
Marketing expense 5,891 6,402 6,151
Office expense 7,216 4,826 5,312
Loan expense 3,531 4,079 3,370
Deposit expense 19,700 15,266 9,916
Merger-related expense 49,129 656 18,454
Amortization of intangible assets 17,072 17,245 13,594
Other expense 15,136 14,552 12,220
Total noninterest expense 381,119 259,065 249,905
Net income before income taxes 72,601 217,753 165,580
Income tax expense 12,250 58,035 42,240
Net income $ 60,351 $ 159,718 $ 123,340
EARNINGS PER SHARE      
Basic (in dollars per share) $ 0.75 $ 2.62 $ 2.29
Diluted (in dollars per share) $ 0.75 $ 2.60 $ 2.26
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 79,209,560 60,339,714 53,963,047
Diluted (in shares) 79,506,274 60,692,281 54,613,057
Service charges on deposit accounts      
NONINTEREST INCOME      
Noninterest income $ 6,712 $ 5,769 $ 5,128
Other service fee income      
NONINTEREST INCOME      
Noninterest income 1,554 1,438 902
Debit card interchange fee income      
NONINTEREST INCOME      
Noninterest income 2,526 3,004 4,326
Trust custodial account fees      
NONINTEREST INCOME      
Noninterest income $ 16,653 $ 0 $ 0