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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including fees $ 104,688 $ 95,828 $ 313,057 $ 275,744
Investment securities:        
Taxable 18,040 20,213 56,942 62,121
Tax-exempt 1,019 1,981 4,045 6,263
Other interest income 372 352 998 719
Total interest income 124,119 118,374 375,042 344,847
Interest expense:        
Savings deposits 4,023 3,353 12,515 8,872
Time deposits 5,680 3,493 15,102 9,172
Securities sold under repurchase agreements 640 468 1,820 1,839
Other borrowings 3,144 4,358 10,151 13,426
Junior subordinated deferrable interest debentures 1,414 1,828 5,045 5,119
Total interest expense 14,901 13,500 44,633 38,428
Net interest income 109,218 104,874 330,409 306,419
Provision for probable loan losses 5,278 4,280 15,363 3,212
Net interest income after provision for probable loan losses 103,940 100,594 315,046 303,207
Non-interest income:        
Investment securities transactions, net (2) (141) (12) (141)
Other investments, net 2,440 5,625 4,685 16,192
Other income 4,813 3,643 11,866 13,425
Total non-interest income 42,697 42,503 113,242 123,781
Non-interest expense:        
Employee compensation and benefits 37,038 35,360 110,693 104,670
Occupancy 7,294 6,839 20,251 20,077
Depreciation of bank premises and equipment 7,127 6,460 21,140 19,097
Professional fees 4,744 4,063 12,081 10,010
Deposit insurance assessments 829 928 2,471 2,902
Net expense, other real estate owned 1,578 911 3,776 3,289
Advertising 1,987 2,020 6,150 5,667
Software and software maintenance 4,691 4,481 14,191 12,943
Other 15,778 17,005 42,877 48,922
Total non-interest expense 81,066 78,067 233,630 227,577
Income before income taxes 65,571 65,030 194,658 199,411
Provision for income taxes 14,127 13,935 41,288 42,009
Net income $ 51,444 $ 51,095 $ 153,370 $ 157,402
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 65,449,159 66,136,091 65,571,124 66,114,482
Net income (in dollars per share) $ 0.79 $ 0.77 $ 2.34 $ 2.38
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 65,636,116 66,423,209 65,777,552 66,739,899
Net income (in dollars per share) $ 0.78 $ 0.77 $ 2.33 $ 2.36
Services charges on deposit accounts        
Non-interest income:        
Service charges $ 18,723 $ 18,391 $ 53,593 $ 53,658
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges 14,708 13,100 37,348 35,374
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges $ 2,015 $ 1,885 $ 5,762 $ 5,273