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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 78,565 $ 73,703
Interest and dividends on taxable investments 15,329 16,087
Interest and dividends on nontaxable investments 3,101 2,891
Total interest income 96,995 92,681
Interest expense:    
Interest on deposits 5,545 4,107
Interest on borrowings 558 621
Interest on subordinated notes payable 185 0
Interest on subordinated debt held by unconsolidated subsidiary trusts 653 1,094
Total interest expense 6,941 5,822
Net interest income 90,054 86,859
Provision for credit losses 5,594 2,422
Net interest income after provision for credit losses 84,460 84,437
Noninterest revenues:    
Deposit service fees 16,283 15,864
Mortgage banking 916 201
Other banking services 895 1,335
Employee benefit services 25,366 24,054
Insurance services 8,058 7,862
Wealth management services 7,134 6,349
Unrealized (loss) gain on equity securities (30) 31
Total noninterest revenues 58,622 55,696
Noninterest expenses:    
Salaries and employee benefits 58,251 53,379
Occupancy and equipment 10,739 10,288
Data processing and communications 10,413 9,399
Amortization of intangible assets 3,667 4,130
Legal and professional fees 3,151 2,720
Business development and marketing 2,513 2,788
Acquisition expenses 369 534
Other expenses 4,560 5,414
Total noninterest expenses 93,663 88,652
Income before income taxes 49,419 51,481
Income taxes 9,285 9,535
Net income $ 40,134 $ 41,946
Basic earnings per share (in dollars per share) $ 0.77 $ 0.81
Diluted earnings per share (in dollars per share) $ 0.76 $ 0.80