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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME:    
Interest and fees on loans $ 62,995 $ 53,232
Interest on investment securities:    
Taxable 14,655 13,289
Exempt from federal income tax 9,694 9,763
Interest on federal funds sold and interest-bearing deposits in banks 756 617
Total interest income 88,100 76,901
INTEREST EXPENSE:    
Interest on deposits 6,681 6,661
Other 517 726
Total interest expense 7,198 7,387
Net interest income 80,902 69,514
PROVISION FOR LOAN LOSSES 9,850 965
Net interest income after provision for loan losses 71,052 68,549
NONINTEREST INCOME:    
Trust fees 7,437 6,979
Service charges on deposit accounts 5,915 5,176
ATM, interchange and credit card fees 7,400 6,840
Real estate mortgage operations 3,852 3,474
Net gain on sale of available-for-sale securities (includes $2,062 and $- for the three months ended March 31, 2020 and 2019, respectively, related to accumulated other comprehensive earnings reclassifications) 2,062 0
Net gain on sale of foreclosed assets 1 69
Net gain on sale of assets 116 0
Interest on loan recoveries 265 338
Other 1,684 1,561
Total noninterest income 28,732 24,437
NONINTEREST EXPENSE:    
Salaries and employee benefits 29,642 27,424
Net occupancy expense 3,027 2,763
Equipment expense 2,075 2,453
FDIC insurance premiums 45 538
ATM, interchange and credit card expenses 2,985 2,383
Professional and service fees 2,594 1,832
Printing, stationery and supplies 566 366
Operational and other losses 576 266
Software amortization and expense 2,024 1,597
Amortization of intangible assets 509 269
Other 11,275 7,476
Total noninterest expense 55,318 47,367
EARNINGS BEFORE INCOME TAXES 44,466 45,619
INCOME TAX EXPENSE (includes $433 and $- for the three months ended March 31, 2020 and 2019, respectively, related to income tax expense reclassification) 7,234 7,367
NET EARNINGS $ 37,232 $ 38,252
EARNINGS PER SHARE, BASIC $ 0.26 $ 0.28
EARNINGS PER SHARE, ASSUMING DILUTION 0.26 0.28
DIVIDENDS PER SHARE $ 0.12 $ 0.11