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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on loans $ 106,560 $ 79,167 $ 288,721 $ 239,028
Interest on loans held for sale 398 572 1,094 1,145
Interest on deposits with banks 84 783 419 1,405
Interest and dividends on investment securities:        
Taxable for federal income taxes 4,488 5,221 17,270 16,302
Exempt from federal income taxes 1,454 1,337 4,264 4,591
Interest on federal funds sold 0 2 1 8
Total interest income 112,984 87,082 311,769 262,479
Interest expense:        
Interest on deposits 9,439 16,332 35,241 46,958
Interest on retail repurchase agreements and federal funds purchased 551 257 1,731 945
Interest on advances from FHLB 2,841 3,222 3,863 13,389
Interest on subordinated debt 2,669 481 7,602 1,462
Total interest expense 15,500 20,292 48,437 62,754
Net interest income 97,484 66,790 263,332 199,725
Provision for credit losses 7,003 1,524 90,158 3,029
Net interest income after provision for credit losses 90,481 65,266 173,174 196,696
Investment securities gains 51 15 432 20
Insurance agency commissions 2,122 2,116 5,439 5,281
Income from bank owned life insurance 708 662 2,162 2,505
Other income 1,418 1,901 5,276 6,037
Total non-interest income 29,390 18,573 70,482 52,098
Non-interest expense:        
Salaries and employee benefits 36,041 26,234 98,391 77,699
Occupancy expense of premises 5,575 4,816 16,147 14,807
Equipment expense 3,133 2,641 9,103 7,929
Marketing 1,305 1,541 3,223 3,371
Outside data services 2,614 1,973 6,365 5,713
FDIC insurance 1,340 (83) 3,200 2,137
Amortization of intangible assets 1,968 491 4,566 1,465
Merger and acquisition expense 1,263 364 25,171 364
Professional fees and services 1,800 1,546 5,466 4,425
Other expenses 5,898 5,402 22,489 15,094
Total non-interest expense 60,937 44,925 194,121 133,004
Income before income taxes 58,934 38,914 49,535 115,790
Income tax expense 14,292 9,531 9,244 27,814
Net income $ 44,642 $ 29,383 $ 40,291 $ 87,976
Per share information:        
Basic net income per common share (in dollars per share) $ 0.94 $ 0.82 $ 0.93 $ 2.46
Diluted net income per common share (in dollars per share) 0.94 0.82 0.93 2.45
Dividends declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.88
Service charges on deposit accounts        
Fees and Commissions, Mortgage Banking and Servicing $ 1,673 $ 2,516 $ 5,149 $ 7,265
Mortgage banking activities        
Fees and Commissions, Mortgage Banking and Servicing 14,108 4,408 25,567 10,541
Wealth management income        
Fees and Commissions, Mortgage Banking and Servicing 7,785 5,493 22,355 16,268
Bank card fees        
Fees and Commissions, Mortgage Banking and Servicing $ 1,525 $ 1,462 $ 4,102 $ 4,181