XML 110 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Interest and fees on loans $ 170,012 $ 142,055 $ 125,752
Interest on investment securities:      
Taxable 23,389 17,337 14,387
Tax-exempt 2,967 2,843 2,706
Interest Income, Deposits with Financial Institutions 1,332 1,666 85
Total Interest Income 197,700 163,901 142,930
Interest Expense      
Interest on deposits 32,666 21,397 14,826
Interest on short-term borrowings 3,491 3,415 1,214
Interest on long-term debt 182 880 765
Total Interest Expense 36,339 25,692 16,805
Net Interest Income 161,361 138,209 126,125
(Recovery of) provision for loan losses (1,250) (2,310) 3,006
Net Interest Income After (Recovery of) Provision for Loan Losses 162,611 140,519 123,119
Non-Interest Income      
Net gains on sale of investment securities 69 0 4,476
Equity Securities, FV-NI, Unrealized Gain (Loss) 888 (90) 0
Revenue from Contract with Customer, Including Assessed Tax 63,767 57,453  
Bank owned life insurance 3,766 3,090 4,212
Other income 4,000 2,962 2,956
Total Non-Interest Income 68,490 60,564 63,607
Non-Interest Expense      
Salaries and employee benefits 62,138 54,385 51,057
Occupancy related expenses 10,595 9,323 9,557
Equipment and software related expenses 8,964 7,729 7,732
FDIC insurance expense 638 1,251 1,348
Advertising 3,344 2,974 2,914
Bankcard expenses 5,555 4,503 3,924
Postage, delivery, and statement mailings 2,416 2,157 2,094
Office supplies 1,559 1,319 1,437
Legal and professional fees 2,371 1,847 1,956
Telecommunications 2,455 1,750 1,988
Repossessed asset losses, net of expenses 634 845 735
Merger related costs 797 13,257 0
Other expenses 16,148 11,726 11,239
Total Non-Interest Expense 117,614 113,066 95,981
Income Before Income Taxes 113,487 88,017 90,745
Income tax expense 24,135 18,015 36,435
Net Income Available to Common Shareholders $ 89,352 $ 70,002 $ 54,310
Average shares outstanding, basic 16,314 15,421 15,412
Effect of dilutive securities 19 18 24
Average shares outstanding, diluted 16,333 15,439 15,436
Basic earnings per common share $ 5.43 $ 4.50 $ 3.49
Diluted earnings per common share $ 5.42 $ 4.49 $ 3.48
Deposit Account [Member]      
Non-Interest Income      
Revenue from Contract with Customer, Including Assessed Tax $ 31,515 $ 29,704 $ 28,574
Debit Card [Member]      
Non-Interest Income      
Revenue from Contract with Customer, Including Assessed Tax 21,093 18,369 17,120
Fiduciary and Trust [Member]      
Non-Interest Income      
Revenue from Contract with Customer, Including Assessed Tax $ 7,159 $ 6,529 $ 6,269