XML 113 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME:      
Interest and fees on loans $ 189,515 $ 175,466 $ 129,213
Taxable interest on investment securities 23,045 17,602 12,688
Nontaxable interest on investment securities 3,396 4,649 5,269
Interest on other interest earning assets 1,894 1,689 539
Total interest income 217,850 199,406 147,709
INTEREST EXPENSE:      
Deposits 16,349 10,397 6,049
Junior subordinated debentures 1,339 1,263 1,014
Other borrowings 480 753 1,283
Total interest expense 18,168 12,413 8,346
Net interest income 199,682 186,993 139,363
Provision for loan losses 4,311 5,129 4,220
Net interest income after provision for loan losses 195,371 181,864 135,143
NONINTEREST INCOME:      
Service charges and other fees 18,712 18,914 18,004
Gain on sale of investment securities, net 330 137 6
Gain on sale of loans, net 2,424 2,759 7,696
Interest rate swap fees 1,232 564 1,045
Other income 9,764 9,244 8,828
Total noninterest income 32,462 31,618 35,579
NONINTEREST EXPENSE:      
Compensation and employee benefits 87,568 86,830 64,268
Occupancy and equipment 21,690 19,779 15,396
Data processing 8,976 9,888 8,176
Marketing 3,481 3,228 2,943
Professional services 5,192 9,670 4,777
State/municipal business and use taxes 3,754 3,002 2,461
Federal deposit insurance premium 725 1,480 1,435
Other real estate owned, net 352 106 (70)
Amortization of intangible assets 4,001 3,819 1,286
Other expense 11,049 11,385 9,903
Total noninterest expense 146,788 149,187 110,575
Income before income taxes 81,045 64,295 60,147
Income tax expense 13,488 11,238 18,356
Net income $ 67,557 $ 53,057 $ 41,791
Basic earnings per common share (in usd per share) $ 1.84 $ 1.49 $ 1.39
Diluted earnings per common share (in usd per share) 1.83 1.49 1.39
Dividends declared per common share (in usd per share) $ 0.84 $ 0.72 $ 0.61