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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans $ 63,589 $ 56,762 $ 186,839 $ 138,595
Interest and dividends on investment securities:        
Taxable interest income 8,006 4,689 21,250 12,339
Non-taxable interest income 1,166 1,068 3,630 2,521
Total interest income 72,761 62,519 211,719 153,455
Interest expense:        
Deposits 8,946 3,851 21,837 8,058
Federal funds purchased and securities sold under agreements to repurchase 426 291 1,139 618
Short-term borrowings 324 447 1,257 521
Long-term debt 245 141 622 421
Senior notes 400 400 1,199 562
Subordinated notes 792 799 2,379 1,098
Junior subordinated debt owed to unconsolidated trusts 854 649 2,383 1,857
Total interest expense 11,987 6,578 30,816 13,135
Net interest income 60,774 55,941 180,903 140,320
Provision for loan losses 758 1,494 4,024 2,494
Net interest income after provision for loan losses 60,016 54,447 176,879 137,826
Non-interest income:        
Mortgage revenue 1,272 3,526 4,488 8,430
Security gains, net   290 160 1,143
Other income 2,406 1,730 6,896 4,774
Total non-interest income 21,853 20,837 67,141 60,913
Non-interest expense:        
Salaries, wages and employee benefits 26,024 25,497 80,315 67,448
Net occupancy expense of premises 3,761 3,714 11,271 10,025
Furniture and equipment expenses 1,715 1,785 5,418 5,123
Data processing 4,016 5,113 12,391 11,348
Amortization of intangible assets 1,445 1,286 4,450 3,675
Other expense 8,968 9,544 30,429 23,707
Total non-interest expense 45,929 46,939 144,274 121,326
Income before income taxes 35,940 28,345 99,746 77,413
Income taxes 9,081 9,561 26,108 26,980
Net income $ 26,859 $ 18,784 $ 73,638 $ 50,433
Basic earnings per common share (in dollars per share) $ 0.55 $ 0.41 $ 1.51 $ 1.24
Diluted earnings per common share (in dollars per share) 0.55 0.41 1.50 1.23
Dividends declared per share of common stock (in dollars per share) $ 0.20 $ 0.18 $ 0.60 $ 0.54
Trust fees        
Non-interest income:        
Non-interest income $ 6,324 $ 5,071 $ 20,573 $ 17,088
Commissions and brokers fees, net        
Non-interest income:        
Non-interest income 881 766 2,860 2,239
Remittance processing        
Non-interest income:        
Non-interest income 3,630 2,877 10,588 8,581
Fees for customer services        
Non-interest income:        
Non-interest income $ 7,340 $ 6,577 $ 21,576 $ 18,658