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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest on securities      
Taxable $ 35,354 $ 37,860 $ 34,442
Nontaxable 555 884 913
Interest and fees on loans 250,535 199,984 153,825
Interest on federal funds sold and other investments 3,379 2,670 2,416
Total Interest Income 289,823 241,398 191,596
Interest Expense      
Interest on savings deposits 16,621 8,763 3,654
Interest on time certificates 21,776 11,684 4,678
Interest on federal funds purchased and other short term borrowings 1,431 1,804 781
Interest on Federal Home Loan Bank borrowings 3,010 4,468 3,744
Interest on subordinated debt 3,367 3,164 2,443
Total Interest Expense 46,205 29,883 15,300
Net Interest Income 243,618 211,515 176,296
Provision for loan losses 10,999 11,730 5,648
Net Interest Income After Provision for Loan Losses 232,619 199,785 170,648
Noninterest Income (Note M)      
Gain on sale of Visa stock 0 0 15,153
Securities gains (losses), net (includes net gains of $6.2 million for 2019, net losses of $96 thousand for 2018 and net gains of $2.0 million for 2017 in other comprehensive income reclassifications) 1,217 (623) 86
Other 55,515 50,645 43,230
Total Noninterest Income 56,732 50,022 58,469
Noninterest Expense (Note M) 160,739 162,273 149,916
Income Before Income Taxes 128,612 87,534 79,201
Income taxes 29,873 20,259 36,336
Net Income $ 98,739 $ 67,275 $ 42,865
Net income per share of common stock      
Diluted (in dollars per share) $ 1.90 $ 1.38 $ 0.99
Basic (in dollars per share) $ 1.92 $ 1.40 $ 1.01
Average common shares outstanding      
Diluted (in shares) 52,029 48,748 43,350
Basic (in shares) 51,449 47,969 42,613