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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Interest and fees on loans $ 393,477 $ 316,550 $ 293,131
Interest on loans held for sale 1,686 1,607 1,245
Interest on deposits with banks 446 2,129 1,304
Interest and dividends on investment securities:      
Taxable for federal income taxes 22,136 21,739 20,516
Exempt from federal income taxes 5,814 5,834 7,855
Interest on federal funds sold 1 10 31
Total interest income 423,560 347,869 324,082
Interest expense:      
Interest on deposits 41,651 61,681 39,139
Interest on retail repurchase agreements and federal funds purchased 1,965 1,161 1,169
Interest on advances from FHLB 6,593 16,578 21,408
Interest on subordinated debt 10,192 3,141 1,921
Total interest expense 60,401 82,561 63,637
Net interest income 363,159 265,308 260,445
Provision for credit losses 85,669 4,684 9,023
Net interest income after provision for credit losses 277,490 260,624 251,422
Non-interest income:      
Investment securities gains 467 77 190
Insurance agency commissions 6,795 6,612 6,158
Income from bank owned life insurance 2,867 3,165 4,327
Other income 9,221 8,780 7,126
Total non-interest income 102,716 71,322 61,049
Non-interest expense:      
Salaries and employee benefits 134,471 103,950 96,998
Occupancy expense of premises 21,383 19,470 18,352
Equipment expenses 12,224 10,720 9,335
Marketing 4,281 4,456 3,924
Outside data services 8,759 7,567 6,603
FDIC insurance 4,727 2,260 5,095
Amortization of intangible assets 6,221 1,946 2,162
Merger and acquisition expense 25,174 1,312 11,766
Professional fees and services 7,939 6,978 6,056
Other expenses 30,603 20,426 19,492
Total non-interest expense 255,782 179,085 179,783
Income before income tax expense 124,424 152,861 132,688
Income tax expense 27,471 36,428 31,824
Net income $ 96,953 $ 116,433 $ 100,864
Net income per common share amounts:      
Basic net income per common share (in dollars per share) $ 2.19 $ 3.25 $ 2.82
Diluted net income per common share (in dollars per share) 2.18 3.25 2.82
Dividends declared per share (in dollars per share) $ 1.20 $ 1.18 $ 1.10
Service charges on deposit accounts      
Non-interest income:      
Fees and commissions, mortgage banking and servicing $ 7,066 $ 9,692 $ 9,324
Mortgage banking activities      
Non-interest income:      
Fees and commissions, mortgage banking and servicing 40,058 14,711 7,073
Wealth management income      
Non-interest income:      
Fees and commissions, mortgage banking and servicing 30,570 22,669 21,284
Bank card fees      
Non-interest income:      
Fees and commissions, mortgage banking and servicing $ 5,672 $ 5,616 $ 5,567