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Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans and leases $ 325,548,000 $ 290,922,000
Investment securities interest and dividend income 39,493,000 39,605,000
Overnight investments 4,518,000 6,397,000
Total interest income 369,559,000 336,924,000
Interest expense    
Deposits 24,194,000 12,926,000
Securities sold under customer repurchase agreements 442,000 459,000
Federal Home Loan Bank borrowings 2,984,000 1,285,000
Subordinated debt 2,755,000 1,672,000
Interest Expense, Other 784,000 110,000
Total interest expense 31,159,000 16,452,000
Net interest income 338,400,000 320,472,000
Provision (credit) for loan and lease losses 28,355,000 11,750,000
Net interest income after provision for loan and lease losses 310,045,000 308,722,000
Noninterest income    
Mortgage income 5,224,000 3,658,000
Insurance commissions (51,408,000) 11,328,000
Realized gains on investment securities available for sale, net 19,795,000 0
Other 625,000 3,919,000
Total noninterest income 64,011,000 103,663,000
Noninterest expense    
Salaries and wages 145,255,000 132,421,000
Employee benefits 38,511,000 32,535,000
Occupancy expense 27,480,000 27,761,000
Equipment expense 27,850,000 26,740,000
Processing fees paid to third parties 10,372,000 7,089,000
FDIC insurance expense 3,466,000 2,660,000
Collection and foreclosure-related expenses 4,054,000 3,022,000
Merger-related expenses 4,232,000 1,719,000
Other 38,751,000 33,710,000
Total noninterest expense 299,971,000 267,657,000
Income before income taxes 74,085,000 144,728,000
Income taxes 16,916,000 33,369,000
Net income 57,169,000 111,359,000
Less: Preferred stock dividends 0 0
Net income available to common shareholders $ 57,169,000 $ 111,359,000
Average shares outstanding (in shares) 10,473,119 11,519,008
Net income per share $ 5.46 $ 9.67
Wealth management services    
Noninterest income    
Revenue from contract with customers $ 18,160,000 $ 16,633,000
Cardholder services, net    
Noninterest income    
Revenue from contract with customers 5,888,000 5,835,000
Other service charges and fees    
Noninterest income    
Revenue from contract with customers 26,413,000 25,065,000
Merchant services, net    
Noninterest income    
Revenue from contract with customers 26,412,000 25,001,000
ATM income    
Noninterest income    
Revenue from contract with customers 7,792,000 7,422,000
Realized gains on investment securities available for sale, net    
Noninterest income    
Revenue from contract with customers 3,688,000 3,291,000
Gain on extinguishment of debt    
Noninterest income    
Revenue from contract with customers $ 1,422,000 $ 1,511,000