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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 $ 308,210 $ 286,165 $ 253,949
Interest and dividends on taxable investments 65,904 63,504 60,159
Interest and dividends on nontaxable investments 11,613 13,064 15,347
Total interest income 385,727 362,733 329,455
Interest expense:      
Interest on deposits 20,460 10,658 8,031
Interest on borrowings 1,848 2,343 1,845
Interest on subordinated notes payable 346 0 0
Interest on subordinated debt held by unconsolidated subsidiary trusts 3,898 4,677 3,904
Total interest expense 26,552 17,678 13,780
Net interest income 359,175 345,055 315,675
Provision for loan losses 8,430 10,837 10,984
Net interest income after provision for loan losses 350,745 334,218 304,691
Noninterest revenues:      
Deposit service fees 65,602 70,384 67,896
Other banking services 4,881 4,968 5,466
Employee benefit services 97,167 92,279 80,830
Insurance services 32,199 30,317 26,150
Wealth management services 25,869 25,772 22,079
Unrealized gain on equity securities 19 657 0
Loss on debt extinguishment 0 (318) 0
Gain on sales of investment securities, net 4,882 0 2
Total noninterest revenues 230,619 224,059 202,423
Noninterest expenses:      
Salaries and employee benefits 219,916 207,363 186,903
Occupancy and equipment 39,850 39,948 35,561
Data processing and communications 41,407 39,094 37,579
Amortization of intangible assets 15,956 18,155 16,941
Legal and professional fees 10,783 10,644 11,576
Business development and marketing 11,416 9,383 9,994
Acquisition expenses 8,608 (769) 25,986
Other expenses 24,090 21,471 22,609
Total noninterest expenses 372,026 345,289 347,149
Income before income taxes 209,338 212,988 159,965
Income taxes 40,275 44,347 9,248
Net income $ 169,063 $ 168,641 $ 150,717
Basic earnings per share (in dollars per share) $ 3.26 $ 3.28 $ 3.07
Diluted earnings per share (in dollars per share) $ 3.23 $ 3.24 $ 3.03