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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      
Loans and fees $ 233,535 $ 193,143 $ 172,342
Federal funds sold and interest-bearing deposits with banks 1,720 1,559 880
Taxable investment securities and other 19,722 16,710 14,987
Tax-exempt investment securities 1,510 1,709 1,995
TOTAL INTEREST INCOME 256,487 213,121 190,204
INTEREST EXPENSE      
Deposits 49,248 30,620 16,600
Federal funds purchased and securities sold under agreements to repurchase 1,471 471 198
Other borrowings 9,734 8,471 8,168
TOTAL INTEREST EXPENSE 60,453 39,562 24,966
NET INTEREST INCOME 196,034 173,559 165,238
Provision for loan losses 2,130 4,413 6,090
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 193,904 169,146 159,148
NONINTEREST INCOME      
Service charges on deposit accounts 11,205 10,584 10,740
Commissions and fees 6,230 5,542 4,858
Income on bank owned life insurance 2,740 3,256 2,354
Gain (loss) on equity securities 496 (583) 0
Gains on sales of loans 1,660 1,329 1,836
Gain on sales and calls of investment securities, net 0 0 2,524
Swap income 3,231 1,992 982
Other income 1,234 190 2,141
TOTAL NONINTEREST INCOME 26,796 22,310 25,435
NONINTEREST EXPENSE      
Salaries and employee benefits 77,287 68,595 61,166
Net occupancy expense 11,029 10,155 10,243
Furniture and equipment 8,681 8,297 8,269
FDIC insurance expense 431 1,608 1,577
Stationery, supplies and postage 1,599 1,625 1,797
Marketing expense 1,945 1,437 1,675
Data processing expense 4,913 3,609 1,993
Telecommunications expense 1,943 1,769 1,607
ATM and debit card expense 2,377 2,195 2,051
Core deposit intangible amortization 1,182 594 654
Other real estate and repossessed asset expense 256 158 181
Long-term debt prepayment fee 0 0 2,828
Merger related expenses 3,178 464 0
Other expenses 11,935 10,661 10,493
TOTAL NONINTEREST EXPENSE 126,756 111,167 104,534
Income before provision for income taxes 93,944 80,289 80,049
Provision for income taxes 23,272 16,888 27,469
NET INCOME $ 70,672 $ 63,401 $ 52,580
PER SHARE OF COMMON STOCK:      
Basic earnings (usd per share) $ 1.39 $ 1.32 $ 1.10
Diluted earnings (usd per share) 1.38 1.32 1.09
Cash dividends paid (usd per share) $ 0.49 $ 0.45 $ 0.40