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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 $ 233,721 $ 223,750 $ 186,117
Investments:      
Taxable securities 27,627 39,810 33,997
Tax exempt securities 3,566 4,002 4,345
Dividends 1,032 1,285 1,705
Interest bearing cash at Federal Reserve and other banks 1,238 3,597 2,054
Total interest and dividend income 267,184 272,444 228,218
Interest expense:      
Deposits 6,885 11,716 6,996
Other borrowings 17 387 2,745
Junior subordinated debt 2,555 3,272 3,131
Total interest expense 9,457 15,375 12,872
Net interest income 257,727 257,069 215,346
Provision for (benefit from) credit losses 42,813 (1,690) 2,583
Net interest income after provision for (benefit from) credit losses 214,914 258,759 212,763
Noninterest income:      
Service charges and fees 37,981 40,417 38,460
Commissions on sale of non-deposit investment products 2,989 2,877 3,151
Increase in cash value of life insurance 2,949 3,029 2,718
Gain on sale of loans 9,122 3,282 2,371
Gain on sale of investment securities 7 110 207
Other 2,146 3,805 2,154
Total noninterest income 55,194 53,520 49,061
Noninterest expense:      
Salaries and related benefits 112,121 106,065 93,942
Other 70,637 79,392 74,530
Total noninterest expense 182,758 185,457 168,472
Income before income taxes 87,350 126,822 93,352
Provision for income taxes 22,536 34,750 25,032
Net income $ 64,814 $ 92,072 $ 68,320
Earnings per share:      
Basic (in USD per share) $ 2.17 $ 3.02 $ 2.57
Diluted (in USD per share) $ 2.16 $ 3.00 $ 2.54