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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Loans receivable:    
Taxable $ 96,652 $ 90,481
Tax exempt 5,315 4,153
Investment securities:    
Taxable 7,631 6,095
Tax exempt 9,335 6,871
Deposits with financial institutions 575 875
Federal Home Loan Bank stock 299 338
Total Interest Income 119,807 108,813
INTEREST EXPENSE    
Deposits 21,748 19,594
Federal funds purchased 111 93
Securities sold under repurchase agreements 352 330
Federal Home Loan Bank advances 1,774 1,814
Subordinated debentures and term loans 1,945 2,116
Total Interest Expense 25,930 23,947
NET INTEREST INCOME 93,877 84,866
Provision for loan losses 19,752 1,200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 74,125 83,666
OTHER INCOME    
Increase in cash surrender value of life insurance 1,360 989
Net gains and fees on sales of loans 3,363 1,295
Net realized gains on sales of available for sale securities 4,612 1,140
Other income 265 330
Total Other Income 29,799 18,713
OTHER EXPENSES    
Salaries and employee benefits 39,243 33,028
Net occupancy 5,801 5,027
Equipment 4,344 3,642
Marketing 1,443 1,074
Outside data processing fees 4,199 3,684
Printing and office supplies 387 315
Intangible asset amortization 1,514 1,528
FDIC assessments 1,523 707
Other real estate owned and foreclosure expenses 505 1,165
Professional and other outside services 2,258 1,884
Other expenses 4,954 4,567
Total Other Expenses 66,171 56,621
INCOME BEFORE INCOME TAX 37,753 45,758
Income tax expense 3,490 6,941
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 34,263 $ 38,817
Per Share Data:    
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.63 $ 0.79
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.62 0.78
Cash Dividends Paid (in dollars per share) $ 0.26 $ 0.22
Average Diluted Shares Outstanding (in shares) 54,917,760 49,540,844
Service charges on deposit accounts    
OTHER INCOME    
Other income $ 5,970 $ 5,095
Fiduciary and wealth management fees    
OTHER INCOME    
Other income 5,985 3,818
Card payment fees    
OTHER INCOME    
Other income 5,907 4,826
Derivative hedge fees    
OTHER INCOME    
Other income 1,939 781
Other customer fees    
OTHER INCOME    
Other income $ 398 $ 439