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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income      
Interest and fees on loans $ 213,099 $ 220,784 $ 208,609
Interest on investment securities:      
Taxable interest income 20,429 19,881 10,638
Tax-exempt interest income 725 1,007 1,482
Other, principally overnight investments 3,431 8,435 10,478
Total interest income 237,684 250,107 231,207
Interest Expense      
Savings, checking and money market accounts 6,551 9,551 5,074
Time deposits of $100,000 or more 8,215 13,598 8,356
Other time deposits 1,535 1,901 1,061
Borrowings 3,261 8,853 9,286
Total interest expense 19,562 33,903 23,777
Net interest income 218,122 216,204 207,430
Provision (reversal) for loan losses 35,039 2,263 (3,589)
Net interest income after provision for loan losses 183,083 213,941 211,019
Noninterest Income      
Service charges on deposit accounts 11,098 12,970 12,690
Other service charges, commissions and fees 20,097 19,481 16,488
Fees from presold mortgage loans 14,183 3,944 2,735
Commissions from sales of insurance and financial products 8,848 8,495 8,731
SBA consulting fees 8,644 3,872 4,675
SBA loan sale gains 7,973 8,275 10,366
Bank-owned life insurance income 2,533 2,564 2,534
Securities gains, net 8,024 97 0
Other gains (losses), net (54) (169) 723
Total noninterest income 81,346 59,529 58,942
Noninterest Expenses      
Salaries 84,941 79,129 75,077
Employee benefits 16,027 16,844 16,888
Total personnel expense 100,968 95,973 91,965
Occupancy expense 11,278 11,122 10,793
Equipment related expenses 4,285 5,023 5,627
Merger and acquisition expenses 0 192 2,358
Intangibles amortization 3,956 4,858 5,917
Foreclosed property losses, net 547 939 565
Other operating expenses 40,264 39,087 39,258
Total noninterest expenses 161,298 157,194 156,483
Income before income taxes 103,131 116,276 113,478
Income tax expense 21,654 24,230 24,189
Net income $ 81,477 $ 92,046 $ 89,289
Earnings per common share: Basic (in usd per shares) $ 2.81 $ 3.10 $ 3.02
Diluted (in dollars per share) 2.81 3.10 3.01
Dividends declared per common share (in usd per shares) $ 0.72 $ 0.54 $ 0.40
Weighted average common shares outstanding:      
Basic (in shares) 28,839,866 29,547,851 29,566,259
Diluted (in shares) 28,981,567 29,720,499 29,707,431