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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Loans including fees:        
Taxable $ 148,253 $ 124,610 $ 287,225 $ 242,999
Nontaxable 3,986 3,984 8,209 7,858
Investment securities:        
Taxable 29,241 18,367 57,278 37,171
Nontaxable 7,249 6,658 14,657 13,207
Money market and other interest-earning investments 334 117 612 207
Total interest income 189,063 153,736 367,981 301,442
Interest Expense        
Deposits 18,519 9,139 34,963 16,394
Federal funds purchased and interbank borrowings 1,817 647 3,735 1,664
Securities sold under agreements to repurchase 671 434 1,333 793
Federal Home Loan Bank advances 10,039 8,824 19,970 16,604
Other borrowings 2,787 2,729 5,702 5,452
Total interest expense 33,833 21,773 65,703 40,907
Net interest income 155,230 131,963 302,278 260,535
Provision for loan losses 1,003 2,446 2,046 2,826
Net interest income after provision for loan losses 154,227 129,517 300,232 257,709
Noninterest Income        
Wealth management fees 9,909 9,746 18,444 18,772
Service charges on deposit accounts 11,515 10,765 22,341 21,524
Debit card and ATM fees 5,419 5,080 10,922 9,945
Mortgage banking revenue 7,135 5,189 12,146 9,381
Investment product fees 5,591 5,066 10,862 10,097
Capital markets income 3,150 896 5,667 1,394
Company-owned life insurance 2,711 2,430 5,899 5,035
Net debt securities gains (losses) 1,165 1,494 1,062 2,282
Other income 4,619 8,623 10,287 12,764
Total noninterest income 51,214 49,289 97,630 91,194
Noninterest Expense        
Salaries and employee benefits 71,566 66,592 142,749 130,771
Occupancy 14,559 12,873 29,137 26,153
Equipment 4,517 3,728 8,991 7,293
Marketing 4,439 3,962 8,162 7,659
Data processing 10,207 9,724 19,548 18,124
Communication 2,849 2,772 5,903 5,836
Professional fees 4,921 2,923 7,831 5,653
Loan expenses 1,657 1,843 3,569 3,587
FDIC assessment 1,454 3,161 3,541 5,806
Amortization of intangibles 4,325 3,416 8,797 7,025
Amortization of tax credit investments 568 11,858 828 12,574
Other expense 7,056 7,608 12,103 17,136
Total noninterest expense 128,118 130,460 251,159 247,617
Income before income taxes 77,323 48,346 146,703 101,286
Income tax expense 14,359 4,345 27,463 9,302
Net income $ 62,964 $ 44,001 $ 119,240 $ 91,984
Net income per common share - basic $ 0.37 $ 0.29 $ 0.69 $ 0.61
Net income per common share - diluted $ 0.36 $ 0.29 $ 0.68 $ 0.60
Weighted average number of common shares outstanding - basic 172,985 151,878 173,855 151,800
Weighted average number of common shares outstanding - diluted 173,675 152,568 174,531 152,483
Dividends per common share $ 0.13 $ 0.13 $ 0.26 $ 0.26