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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Interest and fees on loans $ 145,425 $ 165,519 $ 149,932
Interest on mortgage loans held for sale 1,762 1,237 1,212
Taxable interest on debt securities 20,050 26,367 21,816
Nontaxable interest on debt securities 0 18 61
Dividends on Federal Home Loan Bank stock 2,240 2,855 2,369
Other interest income 459 1,667 1,017
Interest and dividend income 169,936 197,663 176,407
Interest expense:      
Deposits 25,812 37,101 24,175
Federal Home Loan Bank advances 15,806 26,168 19,073
Junior subordinated debentures 641 980 869
Other interest expense 233 0 0
Interest expense 42,492 64,249 44,117
Net interest income (expense) [1] 127,444 133,414 132,290
Provision for credit losses 12,342 1,575 1,550
Net interest income after provision for credit losses 115,102 131,839 130,740
Noninterest income:      
Wealth management revenues [1] 35,454 36,848 38,341
Mortgage banking revenues [1] 47,377 14,795 10,381
Card interchange fees [1] 4,287 4,214 3,768
Service charges on deposit accounts [1] 2,742 3,684 3,628
Loan related derivative income [1] 3,991 3,993 2,461
Income from bank-owned life insurance [1] 2,491 2,354 2,196
Net realized losses on securities [1] 0 (53) 0
Other income [1] 3,100 1,245 1,339
Noninterest income [1] 99,442 67,080 62,114
Noninterest expense:      
Salaries and employee benefits 82,899 72,761 69,277
Outsourced services 11,894 10,598 8,684
Net occupancy 8,023 7,821 7,891
Equipment 3,831 4,081 4,312
Legal, audit and professional fees 3,747 2,535 2,427
FDIC deposit insurance costs 1,818 618 1,612
Advertising and promotion 1,469 1,534 1,406
Amortization of intangibles 914 943 979
Debt prepayment penalties 1,413 0 0
Change in fair value of contingent consideration 0 0 (187)
Other expenses 9,376 9,849 9,761
Noninterest expense 125,384 110,740 106,162
Income before income taxes 89,160 88,179 86,692
Income tax expense 19,331 19,061 18,260
Net income 69,829 69,118 68,432
Net income available to common shareholders $ 69,678 $ 68,979 $ 68,288
Weighted average common shares outstanding - basic 17,282 17,331 17,272
Weighted average common shares outstanding - diluted 17,402 17,414 17,391
Per share information:      
Basic earnings per common share (in dollars per share) $ 4.03 $ 3.98 $ 3.95
Diluted earnings per common share (in dollars per share) $ 4.00 $ 3.96 $ 3.93
[1] As reported in the Consolidated Statements of Income.