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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 465,677 $ 393,166 $ 331,961
Interest and dividends on securities:      
Taxable 53,594 65,648 56,898
Tax-exempt 16,999 20,006 20,778
Total interest and dividends on securities 70,593 85,654 77,676
Other interest income 5,007 5,433 5,320
Total interest and dividend income 541,277 484,253 414,957
INTEREST EXPENSE      
Interest bearing demand deposits 7,069 16,805 13,144
Money market deposits 4,616 8,024 5,016
Savings deposits 1,802 2,995 1,225
Certificates of deposit 13,562 15,631 12,450
Total interest expense on deposits 27,049 43,455 31,835
Federal Home Loan Bank borrowings 24,701 26,548 23,333
Other short-term borrowings 1,729 5,401 3,717
Subordinated debt and junior subordinated debt 8,318 8,945 8,836
Total interest expense 61,797 84,349 67,721
NET INTEREST INCOME 479,480 399,904 347,236
Provision for credit losses 107,741 11,198 7,764
Net interest income after provision for credit losses 371,739 388,706 339,472
NON-INTEREST INCOME      
Electronic banking fees 17,524 22,634 23,300
Net securities brokerage revenue 6,189 6,990 7,186
Bank-owned life insurance 7,359 5,913 6,427
Mortgage banking income 22,736 8,219 5,840
Net securities gains (losses) 4,268 4,320 (900)
Net gains on other real estate owned and other assets 103 732 524
Other income 21,728 14,355 9,606
Total non-interest income 128,185 116,716 100,276
NON-INTEREST EXPENSE      
Salaries and wages 153,166 132,485 114,602
Employee benefits 41,723 39,313 30,079
Net occupancy 27,580 22,505 19,165
Equipment 24,801 20,494 17,207
Marketing 5,957 6,062 5,368
FDIC insurance 7,734 1,956 3,242
Amortization of intangible assets 13,411 10,340 6,980
Restructuring and merger-related expense 9,725 16,397 17,860
Other operating expenses 70,748 62,656 50,721
Total non-interest expense 354,845 312,208 265,224
Income before provision for income taxes 145,079 193,214 174,524
Provision for income taxes 23,035 34,341 31,412
NET INCOME 122,044 158,873 143,112
Preferred stock dividends 2,644    
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 119,400 $ 158,873 $ 143,112
EARNINGS PER COMMON SHARE      
Basic $ 1.78 $ 2.83 $ 2.93
Diluted $ 1.77 $ 2.83 $ 2.92
AVERAGE COMMON SHARES OUTSTANDING      
Basic 67,260,796 56,108,084 48,889,041
Diluted 67,310,584 56,214,364 49,022,990
DIVIDENDS DECLARED PER COMMON SHARE $ 1.28 $ 1.24 $ 1.16
Total Trust Fees [Member]      
NON-INTEREST INCOME      
NON-INTEREST INCOME $ 26,335 $ 26,579 $ 24,623
Service Charges on Deposits [Member]      
NON-INTEREST INCOME      
NON-INTEREST INCOME $ 21,943 $ 26,974 $ 23,670