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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Interest and fees on loans $ 201,524 $ 168,824 $ 147,982
Interest and dividends on investment securities:      
Taxable 8,482 6,799 7,266
Nontaxable 3,276 3,569 3,827
Dividends 2,012 1,421 1,410
Interest on federal funds sold and other short-term investments 839 711 756
Total interest income 216,133 181,324 161,241
Interest expense:      
Deposits 39,936 23,670 18,667
Borrowings 18,982 12,585 12,429
Total interest expense 58,918 36,255 31,096
Net interest income 157,215 145,069 130,145
Provision for loan losses 21,100 6,000 38,700
Net interest income after provision for loan losses 136,115 139,069 91,445
Noninterest income:      
Annuity and insurance commissions [1] 39 [1],[2] 191
Income on bank owned life insurance 3,094 [1] 3,181 [1],[2] 2,559
Net gains on sale of loans held-for-sale 61 [1] 708 [1],[2] 232
Deposit, loan and other income 2,584 2,680 2,704
Net gains on sale of investment securities [1] 1,596 [1],[2] 4,234
Total noninterest income 5,739 8,204 [2] 9,920
Noninterest expense:      
Salaries and employee benefits 39,556 34,878 30,726
Occupancy and equipment 8,312 8,163 8,571
FDIC insurance 3,115 3,485 2,940
Professional and consulting 3,568 2,863 2,979
Marketing and advertising 980 996 1,040
Data processing 4,421 4,543 4,141
Merger expenses 1,335
Amortization of core deposit intangible 627 724 820
Other components of net periodic pension expense 28 250 304
Increase in valuation allowance, loans held-for-sale 15,592
Other expenses 8,778 7,265 6,986
Total noninterest expenses 70,720 78,759 58,507
Income before income tax expense 71,134 68,514 42,858
Income tax expense 10,782 25,294 11,776
Net income 60,352 43,220 31,082
Less: Preferred stock dividends 22
Net income available to common stockholders $ 60,352 $ 43,220 $ 31,060
Earnings per common share:      
Basic $ 1.87 $ 1.35 $ 1.02
Diluted 1.86 1.34 1.01
Dividends per common share $ 0.30 $ 0.30 $ 0.30
[1] Not within scope of ASC 606.
[2] The Company elected the modified retrospective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.