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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 $ 304,193 $ 251,249 $ 202,643
Interest and dividends on investment securities:      
Taxable interest income 41,090 27,595 16,359
Non-taxable interest income 4,631 4,698 3,856
Other interest income 6,320 2,491 1,444
Total interest income 356,234 286,033 224,302
Interest expense:      
Deposits 55,077 32,601 12,932
Federal funds purchased and securities sold under agreements to repurchase 2,348 1,626 978
Short-term borrowings 1,041 1,536 1,096
Long-term debt 2,608 906 550
Senior notes 1,599 1,598 962
Subordinated notes 2,924 3,110 1,892
Junior subordinated debt owed to unconsolidated trusts 3,414 3,250 2,526
Total interest expense 69,011 44,627 20,936
Net interest income 287,223 241,406 203,366
Provision for loan losses 10,406 4,429 5,303
Net interest income after provision for loan losses 276,817 236,977 198,063
Non-interest income:      
Mortgage revenue 11,703 5,545 11,140
Income on bank owned life insurance 5,795 3,726 2,579
Net gains on sales of securities 741 (1,831) 1,143
Unrealized (losses) gains recognized on equity securities (759) 2,162  
Other income 8,649 6,193 5,307
Total non-interest income 116,415 89,993 84,474
Non-interest expense:      
Salaries, wages and employee benefits 140,473 107,844 95,633
Data processing 21,511 16,383 16,716
Net occupancy expense of premises 18,176 14,803 13,830
Furniture and equipment expenses 9,506 7,233 7,089
Professional fees 11,104 5,389 6,814
Amortization of intangible assets 9,547 5,854 5,245
Other expense 48,477 35,537 29,099
Total non-interest expense 258,794 193,043 174,426
Income before income taxes 134,438 133,927 108,111
Income taxes 31,485 34,999 45,385
Net income $ 102,953 $ 98,928 $ 62,726
Basic earnings per common share (in dollars per share) $ 1.88 $ 2.02 $ 1.47
Diluted earnings per common share (in dollars per share) 1.87 2.01 1.45
Dividends declared per share of common stock (in dollars per share) $ 0.84 $ 0.80 $ 0.72
Wealth management fees      
Non-interest income:      
Non-interest income $ 38,561 $ 30,974 $ 27,037
Fees for customer services      
Non-interest income:      
Non-interest income 36,683 28,879 25,841
Remittance processing      
Non-interest income:      
Non-interest income $ 15,042 $ 14,345 $ 11,427