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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Loss on Contract Termination $ 684,000 $ 0 $ 0
Operating Lease, Impairment Loss 4,163,000 0 0
Gain (Loss) on Sale of Other Investments 1,033,000 0 0
Interest income      
Interest and fees on loans 369,836,000 411,460,000 294,293,000
Interest Income, Securities, Operating, Taxable 30,133,000 32,405,000 26,513,000
Nontaxable interest and dividends on securities 35,000 51,000 60,000
Interest on loans held for sale 1,218,000 891,000 159,000
Interest on federal funds sold and short-term investments 847,000 2,207,000 2,676,000
Total interest and dividend income 402,069,000 447,014,000 323,701,000
Interest expense      
Interest on deposits 27,333,000 41,186,000 19,995,000
Interest on borrowings 7,008,000 12,693,000 5,541,000
Total interest expense 34,341,000 53,879,000 25,536,000
Net interest income 367,728,000 393,135,000 298,165,000
Provision for Loan and Lease Losses 52,500,000 6,000,000 4,775,000
Net interest income after provision for credit losses 315,228,000 387,135,000 293,390,000
Noninterest income      
Deposit account fees 15,121,000 20,040,000 18,327,000
Interchange and ATM fees 15,834,000 22,152,000 18,916,000
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 29,432,000 28,719,000 26,155,000
Fees and Commission Mortgage Banking 18,948,000 11,454,000 4,071,000
Increase in cash surrender value of life insurance policies 5,362,000 5,013,000 4,060,000
Gain Realized on Life Insurance Policies 1,044,000 434,000 1,463,000
Derivative, Gain (Loss) on Derivative, Net 10,058,000 6,478,000 2,373,000
Other noninterest income 15,641,000 21,004,000 13,140,000
Total noninterest income 111,440,000 115,294,000 88,505,000
Noninterest expenses      
Salaries and employee benefits 152,460,000 149,165,000 124,328,000
Occupancy and equipment expenses 37,050,000 33,207,000 27,098,000
Data processing & facilities management 6,265,000 6,516,000 5,125,000
FDIC assessment 2,522,000 1,394,000 2,774,000
Advertising expense 4,258,000 5,444,000 4,942,000
Consulting expense 5,987,000 5,448,000 3,891,000
Cost, Amortization 5,802,000 5,545,000 2,344,000
Available-for-Sale Securities - Fixed Income Gross Realized Losses 0 1,462,000 0
Merger and acquisition expense 0 26,433,000 11,168,000
Software Maintenance 7,264,000 5,511,000 4,202,000
Other noninterest expenses 46,344,000 44,196,000 40,097,000
Total noninterest expenses 273,832,000 284,321,000 225,969,000
Income before income taxes 152,836,000 218,108,000 155,926,000
Income tax benefit 31,669,000 52,933,000 34,304,000
Net Income $ 121,167,000 $ 165,175,000 $ 121,622,000
Basic earnings per share (in dollars per share) $ 3.64 $ 5.03 $ 4.41
Diluted earnings per share (in dollars per share) $ 3.64 $ 5.03 $ 4.40
Weighted average common shares (basic) (in shares) 33,259,643 32,810,433 27,592,380
Common share equivalents (in shares) 25,646 45,801 61,428
Weighted average common shares (diluted) (in shares) 33,285,289 32,856,234 27,653,808
Retained Earnings      
Noninterest expenses      
Net Income $ 121,167,000 $ 165,175,000 $ 121,622,000
Cash dividends declared (in dollars per share) $ 1.84 $ 1.76 $ 1.52