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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME      
Interest and Fees on Loans $ 151,658 $ 152,481 $ 112,084
Interest on Federal Funds Sold and Other Short-term Investments 382 522 308
Interest and Dividends on Securities:      
Taxable 10,447 13,910 12,398
Non-taxable 11,882 9,561 8,959
TOTAL INTEREST INCOME 174,369 176,474 133,749
INTEREST EXPENSE      
Interest on Deposits 13,696 23,805 13,625
Interest on FHLB Advances and Other Borrowings 5,430 7,444 5,514
TOTAL INTEREST EXPENSE 19,126 31,249 19,139
NET INTEREST INCOME 155,243 145,225 114,610
Provision for Credit Losses 17,550 5,325 2,070
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 137,693 139,900 112,540
NON-INTEREST INCOME      
Company Owned Life Insurance 2,307 2,005 1,243
Other Operating Income 3,388 3,229 2,785
Net Gains on Sales of Loans 9,908 4,633 3,004
Net Gains on Securities 4,081 1,248 706
TOTAL NON-INTEREST INCOME 54,474 45,501 37,070
NON-INTEREST EXPENSE      
Salaries and Employee Benefits 68,112 63,885 51,306
Occupancy Expense 10,033 9,988 7,735
Furniture and Equipment Expense 3,991 3,788 3,142
FDIC Premiums 740 533 1,033
Data Processing Fees 6,889 7,927 6,942
Professional Fees 3,998 4,674 5,362
Advertising and Promotion 3,589 4,230 3,492
Intangible Amortization 3,539 3,721 1,752
Other Operating Expenses 16,232 15,416 12,789
TOTAL NON-INTEREST EXPENSE 117,123 114,162 93,553
Income before Income Taxes 75,044 71,239 56,057
Income Tax Expense 12,834 12,017 9,528
NET INCOME $ 62,210 $ 59,222 $ 46,529
Basic Earnings per Share (in USD per share) $ 2.34 $ 2.29 $ 1.99
Diluted Earnings per Share (in USD per share) 2.34 2.29 1.99
Dividends per Share (in USD per share) $ 0.76 $ 0.68 $ 0.60
Trust and Investment Product Fees      
NON-INTEREST INCOME      
Non-interest Income $ 8,005 $ 7,278 $ 6,680
Service Charges on Deposit Accounts      
NON-INTEREST INCOME      
Non-interest Income 7,334 8,718 7,044
Insurance Revenues      
NON-INTEREST INCOME      
Non-interest Income 8,922 8,940 8,330
Interchange Fee Income      
NON-INTEREST INCOME      
Non-interest Income $ 10,529 $ 9,450 $ 7,278