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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income      
Loans, including fees $ 223,750 $ 186,117 $ 146,794
Investments      
Taxable securities 39,810 33,997 27,772
Tax exempt securities 4,002 4,345 4,165
Dividends 1,285 1,705 1,324
Interest bearing cash at Federal Reserve and other banks 3,597 2,054 1,347
Total interest and dividend income 272,444 228,218 181,402
Interest expense      
Deposits 11,716 6,996 3,958
Other borrowings 387 2,745 305
Junior subordinated debt 3,272 3,131 2,535
Total interest expense 15,375 12,872 6,798
Net interest income 257,069 215,346 174,604
Provision for (benefit from) loan losses (1,690) 2,583 89
Net interest income after provision for (benefit from) loan losses 258,759 212,763 174,515
Noninterest income      
Service charges and fees 40,417 38,460 37,423
Commissions on sale of non-deposit investment products 2,877 3,151 2,729
Increase in cash value of life insurance 3,029 2,718 2,685
Gain on sale of loans 3,282 2,371 3,109
Gain on sale of investment securities 110 207 961
Other 3,805 2,154 2,545
Total noninterest income 53,520 49,061 49,452
Noninterest expense      
Salaries and related benefits 106,065 93,942 82,930
Other 79,392 74,530 63,525
Total noninterest expense 185,457 168,472 146,455
Income before income taxes 126,822 93,352 77,512
Provision for income taxes 34,750 25,032 36,958
Net income $ 92,072 $ 68,320 $ 40,554
Earnings per share      
Basic $ 3.02 $ 2.57 $ 1.77
Diluted $ 3.00 $ 2.54 $ 1.74