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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest, fee and dividend income        
Interest and fees on loans $ 81,082 $ 77,249 $ 241,674 $ 221,864
Securities available for sale 5,711 6,659 17,664 20,588
Securities held to maturity 4,586 3,462 14,892 8,898
Other 1,002 834 2,728 2,381
Total interest, fee and dividend income 92,381 88,204 276,958 253,731
Interest expense        
Deposits 10,745 6,157 29,805 15,167
Short-term borrowings 1,989 3,000 7,986 7,421
Long-term debt 498 431 1,391 1,359
Junior subordinated debt 1,095 1,089 3,404 3,030
Total interest expense 14,327 10,677 42,586 26,977
Net interest income 78,054 77,527 234,372 226,754
Provision for loan losses 6,324 6,026 19,408 22,300
Net interest income after provision for loan losses 71,730 71,501 214,964 204,454
Noninterest income        
Insurance and other financial services revenue 6,421 6,172 19,115 18,502
Service charges on deposit accounts 4,330 4,503 12,790 12,721
ATM and debit card fees 6,277 5,906 17,958 16,995
Retirement plan administration fees 7,600 7,244 23,170 19,879
Trust 5,209 4,808 14,491 14,951
Bank owned life insurance 1,556 1,288 4,119 3,852
Net securities gains 4,036 412 4,024 575
Other 4,291 3,048 12,115 11,341
Total noninterest income 39,720 33,381 107,782 98,816
Noninterest expense        
Salaries and employee benefits 39,352 38,394 117,275 112,687
Occupancy 5,335 5,380 17,053 17,034
Data processing and communications 4,492 4,434 13,599 13,221
Professional fees and outside services 3,535 3,580 10,562 10,408
Equipment 4,487 4,319 13,762 12,508
Office supplies and postage 1,667 1,563 4,835 4,640
FDIC (credit) expense (20) 1,223 1,946 3,516
Advertising 677 739 1,821 1,776
Amortization of intangible assets 874 1,054 2,735 3,064
Loan collection and other real estate owned, net 976 1,234 2,722 3,479
Other 8,374 4,577 18,130 13,324
Total noninterest expense 69,749 66,497 204,440 195,657
Income before income tax expense 41,701 38,385 118,306 107,613
Income tax expense 9,322 8,578 26,245 23,699
Net income $ 32,379 $ 29,807 $ 92,061 $ 83,914
Earnings per share        
Basic (in dollars per share) $ 0.74 $ 0.68 $ 2.10 $ 1.92
Diluted (in dollars per share) $ 0.73 $ 0.68 $ 2.09 $ 1.91