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Summary of Quarterly Statements of Income (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
Schedule of Quarterly Financial Information
The following is a summary of the unaudited quarterly results of operation for the years ended December 31, 2018, 2017 and 2016. In the opinion of management, the information reflects all adjustments that are necessary for the fair presentation of the results of operations for the periods presented.
  
 
2018
(Dollars in thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Interest income
 
$
177,934

 
$
189,582

 
$
198,377

 
$
210,103

 
$
775,996

Interest expense
 
26,071

 
32,045

 
38,896

 
46,651

 
143,663

Net interest income
 
151,863

 
157,537

 
159,481

 
163,452

 
632,333

Provision for loan losses
 
6,256

 
9,572

 
6,028

 
8,894

 
30,750

Noninterest income
 
40,554

 
38,018

 
37,917

 
32,047

 
148,536

Operating expenses
 
101,610

 
104,561

 
109,661

 
108,366

 
424,198

Income before income taxes
 
84,551

 
81,422

 
81,709

 
78,239

 
325,921

Income tax expense
 
12,955

 
12,434

 
11,312

 
5,200

 
41,901

Net income
 
$
71,596

 
$
68,988

 
$
70,397

 
$
73,039

 
$
284,020

Net income per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
1.01

 
$
0.97

 
$
0.99

 
$
1.02

 
$
3.98

Diluted
 
0.99

 
0.96

 
0.98

 
1.01

 
3.94

Cash dividends declared per common share
 
0.28

 
0.28

 
0.34

 
0.34

 
1.24

  
 
2017
(Dollars in thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Interest income
 
$
142,896

 
$
155,133

 
$
164,944

 
$
169,162

 
$
632,135

Interest expense
 
12,799

 
17,185

 
21,316

 
23,257

 
74,557

Net interest income
 
130,097

 
137,948

 
143,628

 
145,905

 
557,578

Provision for loan losses
 
4,050

 
6,229

 
5,499

 
7,522

 
23,300

Noninterest income
 
38,010

 
41,568

 
32,122

 
32,319

 
144,019

Operating expenses
 
104,196

 
98,237

 
119,539

 
100,022

 
421,994

Income before income taxes
 
59,861

 
75,050

 
50,712

 
70,680

 
256,303

Income tax expense
 
12,257

 
23,036

 
10,253

 
61,234

 
106,780

Net income
 
$
47,604

 
$
52,014

 
$
40,459

 
$
9,446

 
$
149,523

Net income per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.67

 
$
0.73

 
$
0.57

 
$
0.13

 
$
2.11

Diluted
 
0.67

 
0.73

 
0.56

 
0.13

 
2.08

Cash dividends declared per common share
 
0.27

 
0.27

 
0.28

 
0.28

 
1.10

 
 
2016
(Dollars in thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Interest income
 
$
79,464

 
$
82,937

 
$
103,562

 
$
144,416

 
$
410,379

Interest expense
 
5,134

 
5,442

 
6,753

 
11,969

 
29,298

Net interest income
 
74,330

 
77,495

 
96,809

 
132,447

 
381,081

Provision for loan losses
 
1,500

 
3,000

 
4,103

 
6,272

 
14,875

Noninterest income
 
19,419

 
20,897

 
27,770

 
54,264

 
122,350

Operating expenses
 
58,887

 
59,085

 
106,144

 
114,302

 
338,418

Income before income taxes
 
33,362

 
36,307

 
14,332

 
66,137

 
150,138

Income tax expense
 
9,757

 
10,532

 
2,848

 
18,969

 
42,106

Net income
 
$
23,605

 
$
25,775

 
$
11,484

 
$
47,168

 
$
108,032

Net income per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.61

 
$
0.67

 
$
0.23

 
$
0.67

 
$
2.21

Diluted
 
0.60

 
0.67

 
0.23

 
0.66

 
2.17

Cash dividends declared per common share
 
0.26

 
0.26

 
0.27

 
0.27

 
1.06