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CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income      
Interest and fees on loans $ 1,284,036 $ 1,124,970 $ 846,292
Investment securities 8,654 2,834 1,066
Federal funds sold and securities purchased under resale agreements 1,529 3,792 2,542
Interest-bearing deposits in other banks 71,093 32,597 29,399
Total interest income 1,365,312 1,164,193 879,299
Interest expense      
Deposits 293,537 185,116 79,886
Federal funds purchased 11,872 6,531 2,592
Other borrowings 58,393 36,207 15,137
Subordinated notes 16,764 16,764 16,764
Trust preferred subordinated debentures 5,026 4,715 3,592
Total interest expense 385,592 249,333 117,971
Net interest income 979,720 914,860 761,328
Provision for credit losses 75,000 87,000 44,000
Net interest income after provision for credit losses 904,720 827,860 717,328
Non-interest income      
Service charges on deposit accounts 11,320 12,787 12,432
Wealth management and trust fee income 8,810 8,148 6,153
Brokered loan fees 29,738 22,532 23,331
Servicing income 13,439 18,307 15,657
Swap fees 4,387 5,625 3,990
Net gain/(loss) on sale of loans held for sale (20,259) (15,934) (2,387)
Other 45,005 26,559 15,080
Total non-interest income 92,440 78,024 74,256
Non-interest expense      
Salaries and employee benefits 315,080 291,768 264,231
Net occupancy expense 32,989 30,342 25,811
Marketing 53,355 39,335 26,787
Legal and professional 53,830 42,990 29,731
Communications and technology 44,826 30,056 31,004
FDIC insurance assessment 20,093 24,307 23,510
Servicing related expenses 22,573 14,934 15,506
Allowance and other carrying costs for other real estate owned 7 474 6,437
Other 47,246 50,890 42,859
Total non-interest expense 589,999 525,096 465,876
Income before income taxes 407,161 380,788 325,708
Income tax expense 84,295 79,964 128,645
Net income 322,866 300,824 197,063
Preferred stock dividends (9,750) (9,750) (9,750)
Net income available to common stockholders 313,116 291,074 187,313
Other comprehensive income (loss)      
Change in unrealized gain (loss) on available-for-sale debt securities arising during period, before tax 10,674 7 19
Income tax expense (benefit) related to unrealized loss on available-for-sale debt securities 2,242 1 6
Other comprehensive income (loss), net of tax 8,432 6 13
Comprehensive income $ 331,298 $ 300,830 $ 197,076
Basic earnings per common share      
Basic earnings per common share $ 6.23 $ 5.83 $ 3.78
Diluted earnings per common share      
Diluted earnings per common share $ 6.21 $ 5.79 $ 3.73