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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income:        
Interest and fees on loans $ 79,167 $ 76,786 $ 239,028 $ 215,050
Interest on loans held for sale 572 336 1,145 983
Interest on deposits with banks 783 211 1,405 1,082
Interest and dividends on investment securities:        
Taxable 5,221 5,112 16,302 15,297
Exempt from federal income taxes 1,337 1,921 4,591 6,035
Interest on federal funds sold 2 8 8 28
Total interest income 87,082 84,374 262,479 238,475
Interest Expense:        
Interest on deposits 16,332 10,773 46,958 26,583
Interest on retail repurchase agreements and federal funds purchased 257 383 945 599
Interest on advances from FHLB 3,222 5,141 13,389 15,557
Interest on subordinated debt 481 486 1,462 1,436
Total interest expense 20,292 16,783 62,754 44,175
Net interest income 66,790 67,591 199,725 194,300
Provision (credit) for loan losses 1,524 1,890 3,029 5,620
Net interest income after provision for loan losses 65,266 65,701 196,696 188,680
Investment securities gains 15 82 20 145
Insurance agency commissions 2,116 2,016 5,281 5,020
Income from bank owned life insurance 662 663 2,505 3,664
Other income 1,901 1,504 6,037 5,391
Total non-interest income 18,573 15,033 52,098 47,019
Non-interest Expenses:        
Salaries and employee benefits 26,234 24,488 77,699 73,064
Occupancy expense of premises 4,816 4,355 14,807 13,939
Equipment expenses 2,641 2,441 7,929 6,909
Marketing 1,541 770 3,371 2,863
Outside data services 1,973 1,736 5,713 4,840
FDIC insurance (83) 1,257 2,137 3,840
Amortization of intangible assets 491 540 1,465 1,622
Merger expenses 364 580 364 11,766
Professional fees and services 1,546 1,351 4,425 4,090
Other Expense 5,402 4,875 15,094 14,183
Total non-interest expenses 44,925 42,393 133,004 137,116
Income before income taxes 38,914 38,341 115,790 98,583
Income tax expense 9,531 9,107 27,814 23,285
Net income $ 29,383 $ 29,234 $ 87,976 $ 75,298
Per share information:        
Basic net income per share $ 0.82 $ 0.82 $ 2.46 $ 2.11
Diluted net income per share 0.82 0.82 2.45 2.11
Dividends declared per common share $ 0.30 $ 0.28 $ 0.88 $ 0.82
Service charges on deposit accounts [Member]        
Fees, comminssions and banking services $ 2,516 $ 2,316 $ 7,265 $ 6,865
Mortgage banking activities [Member]        
Fees, comminssions and banking services 4,408 1,672 10,541 5,943
Wealth managment [Member]        
Fees, comminssions and banking services 5,493 5,344 16,268 15,792
Bank card fees [member]        
Fees, comminssions and banking services $ 1,462 $ 1,436 $ 4,181 $ 4,199