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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 95,369 $ 86,605 $ 287,287 $ 234,276
Interest and dividends on securities:        
Taxable 15,887 14,964 49,061 40,702
Tax-exempt 4,759 5,326 15,443 15,216
Total interest and dividends on securities 20,646 20,290 64,504 55,918
Other interest income 1,333 1,498 4,153 3,402
Total interest and dividend income 117,348 108,393 355,944 293,596
INTEREST EXPENSE        
Interest bearing demand deposits 4,489 3,501 12,749 9,174
Money market deposits 1,973 1,360 5,881 3,332
Savings deposits 861 352 2,061 768
Certificates of deposit 3,830 3,276 11,831 8,789
Total interest expense on deposits 11,153 8,489 32,522 22,063
Federal Home Loan Bank borrowings 6,645 6,691 19,269 17,142
Other short-term borrowings 1,353 965 4,392 2,497
Subordinated debt and junior subordinated debt 2,077 2,315 6,820 6,425
Total interest expense 21,228 18,460 63,003 48,127
NET INTEREST INCOME 96,120 89,933 292,941 245,469
Provision for credit losses 4,121 1,035 9,375 4,911
Net interest income after provision for credit losses 91,999 88,898 283,566 240,558
NON-INTEREST INCOME        
Electronic banking fees 5,253 6,139 18,299 16,697
Net securities brokerage revenue 1,765 1,836 5,597 5,315
Bank-owned life insurance 1,373 1,232 4,032 5,116
Mortgage banking income 2,588 1,521 5,262 4,297
Net securities gains 235 84 3,800 403
Net gain on other real estate owned and other assets 158 150 670 641
Other income 2,097 2,684 8,535 6,444
Total non-interest income 26,950 26,224 85,878 73,715
NON-INTEREST EXPENSE        
Salaries and wages 32,915 30,335 95,501 82,213
Employee benefits 9,726 7,905 29,419 22,782
Net occupancy 5,392 4,957 16,343 13,715
Equipment 5,273 4,488 14,924 12,532
Marketing 1,505 1,446 4,002 3,967
FDIC insurance (1,221) 789 1,287 2,315
Amortization of intangible assets 2,446 1,821 7,424 4,218
Restructuring and merger-related expense 1,688 10,811 4,876 16,468
Other operating expenses 15,544 13,568 45,876 36,024
Total non-interest expense 73,268 76,120 219,652 194,234
Income before provision for income taxes 45,681 39,002 149,792 120,039
Provision for income taxes 8,334 6,516 27,295 20,855
NET INCOME $ 37,347 $ 32,486 $ 122,497 $ 99,184
EARNINGS PER COMMON SHARE        
Basic $ 0.68 $ 0.65 $ 2.24 $ 2.11
Diluted $ 0.68 $ 0.64 $ 2.24 $ 2.11
AVERAGE COMMON SHARES OUTSTANDING        
Basic 54,695,578 50,277,847 54,641,057 46,965,095
Diluted 54,751,344 50,432,112 54,705,761 47,107,829
DIVIDENDS DECLARED PER COMMON SHARE $ 0.31 $ 0.29 $ 0.93 $ 0.87
COMPREHENSIVE INCOME $ 43,156 $ 25,965 $ 170,290 $ 71,869
Total Trust Fees [Member]        
NON-INTEREST INCOME        
NON-INTEREST INCOME 6,425 6,265 19,880 18,520
Service Charges on Deposits [Member]        
NON-INTEREST INCOME        
NON-INTEREST INCOME $ 7,056 $ 6,313 $ 19,803 $ 16,282