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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 fees on loans and leases:      
Taxable $ 186,041 $ 166,304 $ 143,176
Exempt from federal income taxes 10,942 9,889 8,442
Total interest and fees on loans and leases 196,983 176,193 151,618
Interest and dividends on investment securities:      
Taxable 10,660 9,388 7,343
Exempt from federal income taxes 1,420 1,841 2,274
Interest on deposits with other banks 2,876 1,101 280
Interest and dividends on other earning assets 2,154 1,965 1,500
Total interest income 214,093 190,488 163,015
Interest expense      
Interest on demand deposits 18,633 11,061 3,917
Interest on savings deposits 3,660 2,357 2,089
Interest on time deposits 13,276 8,768 5,271
Interest on short-term borrowings 1,012 2,420 904
Interest on long-term debt and subordinated notes 8,280 7,820 7,658
Total interest expense 44,861 32,426 19,839
Net interest income [1] 169,232 158,062 143,176
Provision for loan and lease losses 8,518 20,310 9,892
Net interest income after provision for loan and lease losses 160,714 137,752 133,284
Disaggregation of Revenue [Line Items]      
Insurance commission and fee income 16,571 15,658 14,788
Bank owned life insurance income [1] 3,179 3,174 3,988
Net gain on sales of investment securities [1] 54 10 48
Net gain on mortgage banking activities [1] 3,946 3,125 4,023
Other income [2] 2,619 262 746
Total noninterest income 65,422 60,173 59,240
Noninterest expense      
Salaries, benefits and commissions 88,289 80,488 75,890
Net occupancy 10,221 10,260 10,433
Equipment 4,170 4,146 4,118
Data processing 10,450 9,014 8,500
Professional fees 5,563 5,391 5,325
Marketing and advertising 2,594 2,642 2,205
Deposit insurance premiums 780 1,836 1,636
Intangible expenses 1,595 2,166 2,582
Restructuring charges 0 571 0
Other expense 22,421 20,725 20,024
Total noninterest expense 146,083 137,239 130,713
Income before income taxes 80,053 60,686 61,811
Income taxes 14,334 10,143 17,717
Net income $ 65,719 $ 50,543 $ 44,094
Net income per share:      
Basic (in dollars per share) $ 2.24 $ 1.72 $ 1.64
Diluted (in dollars per share) $ 2.24 $ 1.72 $ 1.64
Trust fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income $ 7,826 $ 7,882 $ 8,055
Service charges on deposit accounts      
Disaggregation of Revenue [Line Items]      
Noninterest income 5,946 5,632 5,482
Investment advisory commission and fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income 15,940 15,098 13,454
Other service fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income [2] $ 9,341 $ 9,332 $ 8,656
[1] Net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives are excluded from the scope of FASB ASC 606 "Revenue from Contracts with Customers" (FASB ASC 606). Noninterest income streams that are out of scope of FASB ASC 606 include bank owned life insurance income, sales of investment securities and mortgage banking activities.
[2] Other service fee income and other income include certain items that are in scope and certain items that are out of scope of FASB ASC 606 are described further in the following paragraphs.