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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest on securities      
Taxable $ 37,860 $ 34,442 $ 26,133
Nontaxable 884 913 1,036
Interest and fees on loans 199,984 153,825 119,217
Interest on federal funds sold and other investments 2,670 2,416 1,669
Total Interest Income 241,398 191,596 148,055
Interest Expense      
Interest on savings deposits 8,763 3,654 2,593
Interest on time certificates 11,684 4,678 2,074
Interest on federal funds purchased and other short term borrowings 1,804 781 484
Interest on Federal Home Loan Bank borrowings 4,468 3,744 1,256
Interest on subordinated debt 3,164 2,443 2,060
Total Interest Expense 29,883 15,300 8,467
Net Interest Income 211,515 176,296 139,588
Provision for loan losses 11,730 5,648 2,411
Net Interest Income After Provision for Loan Losses 199,785 170,648 137,177
Noninterest Income (Note M)      
Gain on sale of Visa stock 0 15,153 0
Securities (losses) gains, net (includes net losses of ($96) for 2018, net gains of $1,950 for 2017, and net losses of ($617) for 2016 in other comprehensive income reclassifications) (623) 86 368
Other 50,645 43,230 37,427
Total Noninterest Income 50,022 58,469 37,795
Noninterest Expense (Note M) 162,273 149,916 130,881
Income Before Income Taxes 87,534 79,201 44,091
Income taxes 20,259 36,336 14,889
Net Income $ 67,275 $ 42,865 $ 29,202
Net income per share of common stock      
Diluted (in dollars per share) $ 1.38 $ 0.99 $ 0.78
Basic (in dollars per share) $ 1.40 $ 1.01 $ 0.79
Average common shares outstanding      
Diluted (in shares) 48,747,911 43,350,314 37,508,046
Basic (in shares) 47,968,942 42,613,086 36,872,007