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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:      
Loans/leases, including fees $ 190,324 $ 160,160 $ 117,465
Securities:      
Taxable 6,607 6,353 5,145
Nontaxable 13,858 13,668 11,253
Interest-bearing deposits at financial institutions 3,910 1,267 874
Restricted investment securities 1,174 1,093 631
Federal funds sold 203 338 149
Total interest and dividend income 216,076 182,879 135,517
Interest expense:      
Deposits 50,875 30,675 13,012
Short-term borrowings 363 271 114
Federal Home Loan Bank advances 2,894 4,193 1,981
Other borrowings 513 3,207 2,879
Subordinated notes 3,564 139  
Junior subordinated debentures 2,308 1,999 1,466
Total interest expense 60,517 40,484 19,452
Net interest income 155,559 142,395 116,065
Provision for loan/lease losses 7,066 12,658 8,470
Net interest income after provision for loan/lease losses 148,493 129,737 107,595
Noninterest income:      
Revenue 294,844 224,420 165,999
Gains on sales of residential real estate loans, net 2,571 901 409
Gains on sales of government guaranteed portions of loans, net 748 405 1,164
Swap fee income 28,295 10,787 3,095
Securities losses, net (30)   (88)
Earnings on bank-owned life insurance 1,973 1,632 1,802
Gain on sale of assets and liabilities of subsidiary 12,286    
Other 5,429 3,848 3,265
Total noninterest income 78,768 41,541 30,482
Noninterest expense:      
Salaries and employee benefits 92,063 68,994 55,722
Occupancy and equipment expense 15,106 12,884 10,938
Professional and data processing fees 13,381 11,452 10,757
Acquisition costs   1,795 1,069
Post-acquisition compensation, transition and integration costs 3,582 2,086 4,310
Disposition costs 3,325    
FDIC insurance, other insurance and regulatory fees 2,955 3,594 2,752
Loan/lease expense 1,097 1,544 1,164
Net cost of and gains/losses on operations of other real estate 3,789 2,489 2
Advertising and marketing 4,548 3,552 2,625
Bank service charges 2,009 1,838 1,771
Loss on debt extinguishment, net 436    
Correspondent banking expense 836 821 807
Amortization of intangibles 2,266 1,692 1,001
Goodwill impairment 3,000    
Other 6,841 6,402 4,506
Total noninterest expense 155,234 119,143 97,424
Net income before income taxes 72,027 52,135 40,653
Federal and state income tax expense (benefit) 14,619 9,015 4,946
Net income $ 57,408 $ 43,120 $ 35,707
Basic earnings per common share (in dollars per share) $ 3.65 $ 2.92 $ 2.68
Diluted earnings per common share (in dollars per share) $ 3.60 $ 2.86 $ 2.61
Weighted average common shares outstanding (in shares) 15,730,016 14,768,687 13,325,128
Weighted average common and common equivalent shares outstanding (in shares) 15,967,775 15,064,730 13,680,472
Cash dividends declared per common share (in dollars per share) $ 0.24 $ 0.24 $ 0.20
Trust department fees      
Noninterest income:      
Revenue $ 9,559 $ 8,707 $ 7,188
Investment advisory and management fees      
Noninterest income:      
Revenue 6,995 4,726 3,870
Deposit service fees      
Noninterest income:      
Revenue 6,812 6,420 5,919
Debit card fees      
Noninterest income:      
Revenue 3,357 3,263 2,942
Correspondent banking fees      
Noninterest income:      
Revenue $ 773 $ 852 $ 916