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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 $ 411,460 $ 294,293 $ 253,131
Interest Income, Securities, Operating, Taxable 32,405 26,513 22,465
Nontaxable interest and dividends on securities 51 60 88
Interest on loans held for sale 891 159 92
Interest on federal funds sold and short-term investments 2,207 2,676 1,418
Total interest and dividend income 447,014 323,701 277,194
Interest expense      
Interest on deposits 41,186 19,995 12,702
Interest on borrowings 12,693 5,541 5,632
Total interest expense 53,879 25,536 18,334
Net interest income 393,135 298,165 258,860
Provision (benefit) 6,000 4,775 2,950
Net interest income after provision for loan losses 387,135 293,390 255,910
Noninterest income      
Deposit account fees 20,040 18,327 17,822
Interchange and ATM fees 22,152 18,916 17,291
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 28,719 26,155 23,802
Fees and Commission Mortgage Banking 11,454 4,071 4,960
Increase in cash surrender value of life insurance policies 5,013 4,060 4,127
Gain Realized on Life Insurance Policies 434 1,463 0
Loan level derivative income 6,478 2,373 3,836
Other noninterest income 21,004 13,140 11,156
Total noninterest income 115,294 88,505 82,994
Noninterest expenses      
Salaries and employee benefits 149,165 124,328 116,600
Occupancy and equipment expenses 33,207 27,098 24,693
Data processing & facilities management 6,516 5,125 4,988
FDIC assessment 1,394 2,774 3,068
Advertising expense 5,444 4,942 4,989
Consulting expense 5,448 3,891 4,038
Cost, Amortization 5,545 2,344 2,711
Debit Card Expense 4,220 3,429 3,430
Available-for-Sale Securities - Fixed Income Gross Realized Losses 1,462 0 0
Merger and acquisition expense 26,433 11,168 3,393
Software Maintenance 5,511 4,202 3,636
Other noninterest expenses 39,976 36,668 32,813
Total noninterest expenses 284,321 225,969 204,359
Income before income taxes 218,108 155,926 134,545
Provision for income taxes 52,933 34,304 47,341
Net Income $ 165,175 $ 121,622 $ 87,204
Basic earnings per share (in dollars per share) $ 5.03 $ 4.41 $ 3.19
Diluted earnings per share (in dollars per share) $ 5.03 $ 4.40 $ 3.19
Weighted average common shares (basic) (in shares) 32,810,433 27,592,380 27,294,028
Common share equivalents (in shares) 45,801 61,428 78,076
Weighted average common shares (diluted) (in shares) 32,856,234 27,653,808 27,372,104
Retained Earnings      
Noninterest expenses      
Net Income $ 165,175 $ 121,622 $ 87,204
Cash dividends declared (in dollars per share) $ 1.76 $ 1.52 $ 1.28