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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Loans receivable:      
Taxable $ 338,009 $ 358,264 $ 382,772
Tax-exempt 22,110 21,483 17,568
Investment securities:      
Taxable 29,951 24,440 27,815
Tax-exempt 55,331 42,341 31,655
Deposits with financial institutions 634 938 4,225
Federal Home Loan Bank stock 597 1,042 1,370
Total Interest Income 446,632 448,508 465,405
INTEREST EXPENSE      
Deposits 23,319 51,740 91,585
Federal funds purchased 5 120 251
Securities sold under repurchase agreements 314 604 1,424
Federal Home Loan Bank advances 5,672 6,973 7,176
Subordinated debentures and term loans 6,642 6,944 8,309
Total Interest Expense 35,952 66,381 108,745
NET INTEREST INCOME 410,680 382,127 356,660
Provision for credit losses - loans 0 58,673 2,800
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 410,680 323,454 353,860
OTHER INCOME      
Net gains and fees on sales of loans 19,689 18,271 7,891
Increase in cash surrender value of life insurance 4,873 5,040 4,518
Gains on life insurance benefits 2,187 100 19
Net realized gains on sales of available for sale securities 5,674 11,895 4,415
Other income 3,008 1,898 2,068
Total Other Income 109,323 109,926 86,688
OTHER EXPENSES      
Salaries and employee benefits 166,995 155,937 144,037
Net occupancy 23,326 26,756 19,584
Equipment 19,401 19,344 16,218
Marketing 5,762 6,609 6,650
Outside data processing fees 18,317 14,432 16,476
Printing and office supplies 1,217 1,304 1,445
Intangible asset amortization 5,747 5,987 5,994
FDIC assessments 6,243 5,804 717
Other real estate owned and foreclosure expenses 992 330 2,428
Professional and other outside services 11,913 8,901 15,410
Other expenses 19,300 18,001 17,804
Total Other Expenses 279,213 263,405 246,763
INCOME BEFORE INCOME TAX 240,790 169,975 193,785
Income tax expense 35,259 21,375 29,325
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 205,531 $ 148,600 $ 164,460
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE DATA:      
Basic (in dollars per share) $ 3.82 $ 2.75 $ 3.20
Diluted (in dollars per share) $ 3.81 $ 2.74 $ 3.19
Service charges on deposit accounts      
OTHER INCOME      
Other income $ 23,571 $ 20,999 $ 22,951
Fiduciary and wealth management fees      
OTHER INCOME      
Other income 28,362 23,747 17,562
Card payment fees      
OTHER INCOME      
Other income 16,619 19,502 20,243
Derivative hedge fees      
OTHER INCOME      
Other income 3,850 6,977 5,357
Other customer fees      
OTHER INCOME      
Other income $ 1,490 $ 1,497 $ 1,664