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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Loans including fees:        
Taxable $ 145,417 $ 125,468 $ 432,642 $ 368,467
Nontaxable 3,905 4,075 12,114 11,933
Investment securities:        
Taxable 28,884 19,391 86,162 56,562
Nontaxable 7,119 6,295 21,776 19,502
Money market and other interest-earning investments 528 140 1,140 347
Total interest income 185,853 155,369 553,834 456,811
Interest Expense        
Deposits 18,707 11,189 53,670 27,583
Federal funds purchased and interbank borrowings 1,484 1,191 5,219 2,855
Securities sold under agreements to repurchase 715 535 2,048 1,328
Federal Home Loan Bank advances 9,123 8,880 29,093 25,484
Other borrowings 2,728 2,732 8,430 8,184
Total interest expense 32,757 24,527 98,460 65,434
Net interest income 153,096 130,842 455,374 391,377
Provision for loan losses 1,437 750 3,483 3,576
Net interest income after provision for loan losses 151,659 130,092 451,891 387,801
Noninterest Income        
Wealth management fees 9,160 9,022 27,604 27,794
Service charges on deposit accounts 11,860 11,028 34,201 32,552
Debit card and ATM fees 5,370 4,706 16,292 14,651
Mortgage banking revenue 8,850 4,348 20,996 13,729
Investment product fees 5,244 5,073 16,106 15,170
Capital markets income 4,560 2,700 10,227 4,094
Company-owned life insurance 2,703 2,958 8,602 7,993
Net debt securities gains (losses) 424 135 1,486 2,417
Other income 5,790 5,987 16,077 18,751
Total noninterest income 53,961 45,957 151,591 137,151
Noninterest Expense        
Salaries and employee benefits 71,729 63,158 214,478 193,929
Occupancy 11,934 12,578 41,071 38,731
Equipment 3,954 3,652 12,945 10,945
Marketing 4,105 3,406 12,267 11,065
Data processing 8,961 8,628 28,509 26,752
Communication 2,349 2,473 8,252 8,309
Professional fees 5,037 3,235 12,868 8,888
Loan expenses 1,811 1,564 5,380 5,151
FDIC assessment 960 2,722 4,501 8,528
Amortization of intangibles 4,168 3,283 12,965 10,308
Amortization of tax credit investments 1,211 9,233 2,039 21,807
Other expense 6,366 5,444 18,469 22,580
Total noninterest expense 122,585 119,376 373,744 366,993
Income before income taxes 83,035 56,673 229,738 157,959
Income tax expense 13,254 5,325 40,717 14,627
Net income $ 69,781 $ 51,348 $ 189,021 $ 143,332
Net income per common share - basic $ 0.41 $ 0.34 $ 1.10 $ 0.95
Net income per common share - diluted $ 0.41 $ 0.34 $ 1.09 $ 0.94
Weighted average number of common shares outstanding - basic 170,746 151,930 172,807 151,844
Weighted average number of common shares outstanding - diluted 171,551 152,784 173,527 152,616
Dividends per common share $ 0.13 $ 0.13 $ 0.39 $ 0.39