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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Loans receivable:      
Taxable $ 382,772 $ 342,501 $ 263,704
Tax exempt 17,568 14,862 10,694
Investment securities:      
Taxable 27,815 21,597 17,489
Tax exempt 31,655 25,509 21,379
Deposits with financial institutions 4,225 2,241 736
Federal Home Loan Bank stock 1,370 1,234 894
Total Interest Income 465,405 407,944 314,896
INTEREST EXPENSE      
Deposits 91,585 51,542 23,806
Federal funds purchased 251 718 561
Securities sold under repurchase agreements 1,424 762 477
Federal Home Loan Bank advances 7,176 7,832 5,196
Subordinated debentures and term loans 8,309 8,233 7,572
Total Interest Expense 108,745 69,087 37,612
NET INTEREST INCOME 356,660 338,857 277,284
Provision for loan losses 2,800 7,227 9,143
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 353,860 331,630 268,141
OTHER INCOME      
Net gains and fees on sales of loans 7,891 7,029 7,564
Increase in cash surrender value of life insurance 4,518 4,020 3,906
Gains on life insurance benefits 19 198 2,671
Net realized gains on sales of available for sale securities 4,415 4,269 2,631
Other income 2,068 2,699 992
Total Other Income 86,688 76,459 71,009
OTHER EXPENSES      
Salaries and employee benefits 144,037 131,704 119,812
Net occupancy 19,584 18,341 16,976
Equipment 16,218 14,334 13,090
Marketing 6,650 4,681 3,739
Outside data processing fees 16,476 13,215 12,242
Printing and office supplies 1,445 1,425 1,283
Intangible asset amortization 5,994 6,719 5,647
FDIC assessments 717 2,920 2,564
Other real estate owned and foreclosure expenses 2,428 1,470 1,903
Professional and other outside services 15,410 8,176 12,757
Other expenses 17,804 16,966 15,543
Total Other Expenses 246,763 219,951 205,556
INCOME BEFORE INCOME TAX 193,785 188,138 133,594
Income tax expense 29,325 28,999 37,524
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 164,460 $ 159,139 $ 96,070
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE DATA:      
Basic (in dollars per share) $ 3.20 $ 3.23 $ 2.13
Diluted (in dollars per share) $ 3.19 $ 3.22 $ 2.12
Service charges on deposit accounts      
OTHER INCOME      
OTHER INCOME $ 22,951 $ 20,950 $ 18,722
Fiduciary and wealth management fees      
OTHER INCOME      
OTHER INCOME 17,562 14,906 14,682
Card payment fees      
OTHER INCOME      
OTHER INCOME 20,243 18,035 16,120
Derivative hedge fees      
OTHER INCOME      
OTHER INCOME 5,357 2,493 1,978
Other customer fees      
OTHER INCOME      
OTHER INCOME $ 1,664 $ 1,860 $ 1,743