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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME      
Interest and Fees on Loans $ 152,481 $ 112,084 $ 91,745
Interest on Federal Funds Sold and Other Short-term Investments 522 308 134
Interest and Dividends on Securities:      
Taxable 13,910 12,398 10,898
Non-taxable 9,561 8,959 8,253
TOTAL INTEREST INCOME 176,474 133,749 111,030
INTEREST EXPENSE      
Interest on Deposits 23,805 13,625 7,094
Interest on FHLB Advances and Other Borrowings 7,444 5,514 4,027
TOTAL INTEREST EXPENSE 31,249 19,139 11,121
NET INTEREST INCOME 145,225 114,610 99,909
Provision for Loan Losses 5,325 2,070 1,750
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 139,900 112,540 98,159
NON-INTEREST INCOME      
Company Owned Life Insurance 2,005 1,243 1,341
Other Operating Income 3,229 2,785 2,641
Net Gains on Sales of Loans 4,633 3,004 3,280
Net Gains on Securities 1,248 706 596
TOTAL NON-INTEREST INCOME 45,501 37,070 31,854
NON-INTEREST EXPENSE      
Salaries and Employee Benefits 63,885 51,306 46,642
Occupancy Expense 9,988 7,735 6,609
Furniture and Equipment Expense 3,788 3,142 2,621
FDIC Premiums 533 1,033 954
Data Processing Fees 7,927 6,942 4,276
Professional Fees 4,674 5,362 2,817
Advertising and Promotion 4,230 3,492 3,543
Intangible Amortization 3,721 1,752 942
Other Operating Expenses 15,416 12,789 9,399
TOTAL NON-INTEREST EXPENSE 114,162 93,553 77,803
Income before Income Taxes 71,239 56,057 52,210
Income Tax Expense 12,017 9,528 11,534
NET INCOME $ 59,222 $ 46,529 $ 40,676
Basic Earnings per Share (in USD per share) $ 2.29 $ 1.99 $ 1.77
Diluted Earnings per Share (in USD per share) 2.29 1.99 1.77
Dividends per Share (in USD per share) $ 0.68 $ 0.60 $ 0.52
Trust and Investment Product Fees      
NON-INTEREST INCOME      
Non-interest Income $ 7,278 $ 6,680 $ 5,272
Service Charges on Deposit Accounts      
NON-INTEREST INCOME      
Non-interest Income 8,718 7,044 6,178
Insurance Revenues      
NON-INTEREST INCOME      
Non-interest Income 8,940 8,330 7,979
Interchange Fee Income      
NON-INTEREST INCOME      
Non-interest Income $ 9,450 $ 7,278 $ 4,567