XML 19 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Interest and fees on loans $ 296,611 $ 255,479 $ 201,524
Interest and dividends on investment securities:      
Taxable 6,456 9,131 8,482
Tax-exempt 2,797 3,929 3,276
Dividends 1,642 1,778 2,012
Interest on federal funds sold and other short-term investments 694 1,167 839
Total interest income 308,200 271,484 216,133
Interest expense:      
Deposits 52,386 65,570 39,936
Borrowings 17,823 19,595 18,982
Total interest expense 70,209 85,165 58,918
Net interest income 237,991 186,319 157,215
Provision for loan losses 41,000 8,100 21,100
Net interest income after provision for loan losses 196,991 178,219 136,115
Noninterest income:      
Income on bank owned life insurance 5,007 3,484 3,094
Net gains on sale of loans held-for-sale 2,085 512 61
Deposit, loan and other income 7,077 4,025 2,584
Net gains (losses) on equity securities 202 294 (266)
Net gains (losses) on sale of investment securities 29 (280)
Total noninterest income 14,400 8,035 5,473
Noninterest expense:      
Salaries and employee benefits 58,877 49,021 39,556
Occupancy and equipment 13,882 9,712 8,312
FDIC insurance 4,002 2,011 3,115
Professional and consulting 7,383 5,506 3,568
Marketing and advertising 1,200 1,353 980
Data processing 6,008 4,503 4,421
Merger expenses 14,640 8,955 1,335
Loss on extinguishment of debt 1,047
Amortization of core deposit intangible 2,559 1,408 627
Other components of net periodic pension (income) expense (119) 114 28
Increase in value of acquisition price 2,333
Other expenses 10,236 8,598 8,512
Total noninterest expenses 121,001 92,228 70,454
Income before income tax expense 90,390 94,026 71,134
Income tax expense 19,101 20,631 10,782
Net income $ 71,289 $ 73,395 $ 60,352
Earnings per common share:      
Basic $ 1.80 $ 2.08 $ 1.87
Diluted $ 1.79 $ 2.07 $ 1.86