XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME:      
Interest and fees on loans $ 200,347 $ 166,807 $ 161,018
Interest on investment securities:      
Taxable 50,052 32,825 27,626
Exempt from federal income tax 39,661 44,659 43,302
Interest on federal funds sold and interest-bearing deposits in banks 1,630 1,684 342
Total interest income 291,690 245,975 232,288
INTEREST EXPENSE:      
Interest on deposits 16,946 8,213 4,503
Other 1,984 1,075 948
Total interest expense 18,930 9,288 5,451
Net interest income 272,760 236,687 226,837
PROVISION FOR LOAN LOSSES 5,665 6,530 10,212
Net interest income after provision for loan losses 267,095 230,157 216,625
NONINTEREST INCOME:      
ATM, interchange and credit card fees 28,532 25,686 23,910
Net gain on sale of available-for-sale securities (includes $1,354, $1,828 and $1,270 for the years ended December 31, 2018, 2017 and 2016, respectively, related to accumulated comprehensive earnings reclassifications) 1,354 1,828 1,270
Net gain (loss) on sale of foreclosed assets 116 (50) 456
Net gain (loss) on sale of assets (147) (396) 168
Interest on loan recoveries 938 1,128 2,112
Other 5,970 4,602 3,108
Total noninterest income 101,764 91,017 85,132
NONINTEREST EXPENSE:      
Salaries and employee benefits 105,189 95,287 90,739
Loss from partial settlement of pension plan 1,546   267
Net occupancy expense 11,173 10,521 10,420
Equipment expense 13,841 13,765 13,479
FDIC insurance premiums 2,333 2,217 2,680
ATM, interchange and credit card expenses 9,282 7,452 7,231
Professional and service fees 8,894 8,063 6,877
Printing, stationery and supplies 1,997 1,989 2,093
Operational and other losses 2,188 3,192 2,170
Amortization of intangible assets 1,272 613 738
Other 32,969 30,887 29,136
Total noninterest expense 190,684 173,986 165,830
EARNINGS BEFORE INCOME TAXES 178,175 147,188 135,927
INCOME TAX EXPENSE (includes $284, $640 and $445 for the years ended December 31, 2018, 2017 and 2016, respectively, related to income tax expense from reclassification items) 27,537 26,817 31,153
NET EARNINGS $ 150,638 $ 120,371 $ 104,774
NET EARNINGS PER SHARE, BASIC $ 2.23 $ 1.82 $ 1.59
NET EARNINGS PER SHARE, ASSUMING DILUTION $ 2.22 $ 1.81 $ 1.59
Trust Fees [Member]      
NONINTEREST INCOME:      
Revenue from contract with customer $ 28,181 $ 23,694 $ 19,636
Service Charges on Deposit Accounts [Member]      
NONINTEREST INCOME:      
Revenue from contract with customer 21,663 19,416 18,386
Real Estate Mortgage Operations [Member]      
NONINTEREST INCOME:      
Revenue from contract with customer $ 15,157 $ 15,109 $ 16,086