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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Loans, including fees $ 92,083 $ 79,466 $ 179,916 $ 154,867
Investment securities:        
Taxable 20,694 20,989 41,908 39,995
Tax-exempt 2,087 2,457 4,282 4,948
Other interest income 202 262 367 345
Total interest income 115,066 103,174 226,473 200,155
Interest expense:        
Savings deposits 3,291 1,353 5,519 2,642
Time deposits 3,010 2,401 5,679 4,777
Securities sold under repurchase agreements 348 1,146 1,371 4,214
Other borrowings 4,379 2,575 9,068 3,838
Junior subordinated deferrable interest debentures 1,765 1,322 3,291 2,572
Total interest expense 12,793 8,797 24,928 18,043
Net interest income 102,273 94,377 201,545 182,112
Provision for probable loan losses (2,730) 805 (1,068) 2,505
Net interest income after provision for probable loan losses 105,003 93,572 202,613 179,607
Non-interest income:        
Investment securities transactions, net   (2,539)   (1,612)
Other investments, net 5,841 2,830 10,567 7,098
Other income 5,727 2,901 9,782 5,795
Total non-interest income 42,303 33,963 81,278 71,678
Non-interest expense:        
Employee compensation and benefits 34,692 32,739 69,310 65,469
Occupancy 7,163 6,417 13,238 12,408
Depreciation of bank premises and equipment 6,364 6,302 12,637 12,529
Professional fees 3,375 3,850 5,947 7,566
Deposit insurance assessments 974 913 1,974 1,303
Net expense, other real estate owned 2,649 482 2,378 1,396
Amortization of identified intangible assets       25
Advertising 1,808 2,116 3,647 4,384
Early termination fee - securities sold under repurchase agreements       5,765
Software and software maintenance 4,390 4,062 8,462 7,853
Other 19,186 16,832 31,917 30,641
Total non-interest expense 80,601 73,713 149,510 149,339
Income before income taxes 66,705 53,822 134,381 101,946
Provision for income taxes 13,818 13,253 28,074 29,373
Net income $ 52,887 $ 40,569 $ 106,307 $ 72,573
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,114,497 66,053,741 66,103,499 66,024,135
Net income (in dollars per share) $ 0.80 $ 0.61 $ 1.61 $ 1.10
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 66,932,113 66,715,171 66,898,065 66,731,499
Net income (in dollars per share) $ 0.79 $ 0.61 $ 1.59 $ 1.09
Services charges on deposit accounts        
Non-interest income:        
Service charges $ 17,555 $ 17,882 $ 35,267 $ 35,788
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges 11,152 11,025 22,274 21,410
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges $ 2,028 $ 1,864 $ 3,388 $ 3,199