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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Investment securities $ 85,504 $ 86,499 $ 81,968
Residential real estate loans 46,899 40,041 33,114
Commercial loans 369,107 304,164 227,356
Consumer and other loans 44,667 38,292 32,584
Total interest income 546,177 468,996 375,022
Interest Expense      
Deposits 23,280 18,359 16,793
Securities sold under agreements to repurchase 3,694 2,248 1,858
Federal Home Loan Bank advances 9,023 8,880 6,748
Other borrowed funds 215 95 79
Subordinated debentures 6,561 5,949 4,386
Total interest expense 42,773 35,531 29,864
Net Interest Income 503,404 433,465 345,158
Provision for loan losses 57 9,953 10,824
Net interest income after provision for loan losses 503,347 423,512 334,334
Non-Interest Income      
Service charges and other fees 67,934 74,887 67,717
Miscellaneous loan fees and charges 5,313 6,805 4,360
Gain on sale of loans 34,064 27,134 30,439
Gain (loss) on sale of debt securities 14,415 (1,113) (660)
Other income 9,048 11,111 10,383
Total non-interest income 130,774 118,824 112,239
Non-Interest Expense      
Compensation and employee benefits 222,753 195,056 160,506
Occupancy and equipment 34,497 30,734 26,631
Advertising and promotions 10,621 9,566 8,405
Data processing 17,392 15,911 14,150
Other real estate owned 1,105 3,221 1,909
Regulatory assessments and insurance 3,771 5,075 4,431
Loss on termination of hedging activities 13,528 0 0
Core deposit intangible amortization 8,485 6,270 2,494
Other expenses 62,775 54,294 47,045
Total non-interest expense 374,927 320,127 265,571
Income Before Income Taxes 259,194 222,209 181,002
Federal and state income tax expense 48,650 40,331 64,625
Net Income $ 210,544 $ 181,878 $ 116,377
Basic earnings per share $ 2.39 $ 2.18 $ 1.50
Diluted earnings per share 2.38 2.17 1.50
Dividends declared per share $ 1.31 $ 1.31 $ 1.14
Average outstanding shares - basic 88,255,290 83,603,515 77,537,664
Average outstanding shares - diluted 88,385,775 83,677,185 77,607,605