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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans $ 78,083,000 $ 63,589,000 $ 227,903,000 $ 186,839,000
Interest and dividends on investment securities:        
Taxable interest income 10,247,000 7,357,000 31,583,000 19,670,000
Non-taxable interest income 1,180,000 1,166,000 3,456,000 3,630,000
Other interest income 2,181,000 649,000 4,496,000 1,580,000
Total interest income 91,691,000 72,761,000 267,438,000 211,719,000
Interest expense:        
Deposits 14,753,000 8,946,000 41,407,000 21,837,000
Federal funds purchased and securities sold under agreements to repurchase 579,000 426,000 1,789,000 1,139,000
Short-term borrowings 200,000 324,000 885,000 1,257,000
Long-term debt 700,000 245,000 2,020,000 622,000
Senior notes 400,000 400,000 1,199,000 1,199,000
Subordinated notes 731,000 792,000 2,193,000 2,379,000
Junior subordinated debt owed to unconsolidated trusts 852,000 854,000 2,658,000 2,383,000
Total interest expense 18,215,000 11,987,000 52,151,000 30,816,000
Net interest income 73,476,000 60,774,000 215,287,000 180,903,000
Provision for loan losses 3,411,000 758,000 8,039,000 4,024,000
Net interest income after provision for loan losses 70,065,000 60,016,000 207,248,000 176,879,000
Non-interest income:        
Mortgage revenue 3,331,000 1,272,000 8,127,000 4,488,000
Net gains on sales of securities 296,000   112,000 160,000
Unrealized gains (losses) recognized on equity securities 65,000   (735,000)  
Other income 4,801,000 2,406,000 11,023,000 6,896,000
Total non-interest income 30,936,000 21,853,000 84,777,000 67,141,000
Non-interest expense:        
Salaries, wages and employee benefits 38,747,000 26,024,000 105,356,000 80,315,000
Net occupancy expense of premises 4,652,000 3,761,000 13,365,000 11,271,000
Furniture and equipment expenses 2,489,000 1,715,000 6,936,000 5,418,000
Data processing 5,032,000 4,016,000 15,049,000 12,391,000
Amortization of intangible assets 2,360,000 1,445,000 6,866,000 4,450,000
Other expense 14,841,000 8,968,000 45,732,000 30,429,000
Total non-interest expense 68,121,000 45,929,000 193,304,000 144,274,000
Income before income taxes 32,880,000 35,940,000 98,721,000 99,746,000
Income taxes 8,052,000 9,081,000 24,339,000 26,108,000
Net income $ 24,828,000 $ 26,859,000 $ 74,382,000 $ 73,638,000
Basic earnings per common share (in dollars per share) $ 0.45 $ 0.55 $ 1.36 $ 1.51
Diluted earnings per common share (in dollars per share) 0.45 0.55 1.35 1.50
Dividends declared per share of common stock (in dollars per share) $ 0.21 $ 0.20 $ 0.63 $ 0.60
Fees for customer services        
Non-interest income:        
Non-interest income $ 9,842,000 $ 7,340,000 $ 27,635,000 $ 21,576,000
Trust fees        
Non-interest income:        
Non-interest income 7,689,000 6,324,000 24,122,000 20,573,000
Commissions and brokers fees, net        
Non-interest income:        
Non-interest income 1,132,000 881,000 3,216,000 2,860,000
Remittance processing        
Non-interest income:        
Non-interest income $ 3,780,000 $ 3,630,000 $ 11,277,000 $ 10,588,000