XML 119 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest revenue:      
Loans, including fees $ 476,039 $ 420,383 $ 315,050
Investment securities:      
Taxable 69,920 73,496 70,172
Tax exempt 4,564 4,189 2,216
Deposits in banks and short-term investments 2,183 2,012 2,282
Total interest revenue 552,706 500,080 389,720
Interest expense:      
Deposits 66,856 39,543 17,062
Short-term borrowings 838 1,112 352
Federal Home Loan Bank advances 2,697 6,345 6,095
Long-term debt 12,921 14,330 10,226
Total interest expense 83,312 61,330 33,735
Net interest revenue 469,394 438,750 355,985
Provision for credit losses 13,150 9,500 3,800
Net interest revenue after provision for credit losses 456,244 429,250 352,185
Noninterest income:      
Brokerage fees 6,150 5,191 4,633
Gains from other loan sales, net 6,867 9,277 10,493
Securities (losses) gains, net (1,021) (656) 42
Other 28,775 24,142 16,477
Total noninterest income 104,713 92,961 88,260
Total revenue 560,957 522,211 440,445
Noninterest expenses:      
Salaries and employee benefits 196,440 181,015 153,098
Occupancy 23,350 22,781 20,344
Communications and equipment 24,613 21,277 19,660
FDIC assessments and other regulatory charges 4,901 8,491 6,534
Professional fees 17,028 15,540 12,074
Lending and loan servicing expense 9,416 8,697 7,512
Outside services - electronic banking 7,020 6,623 6,487
Postage, printing and supplies 6,370 6,416 5,952
Advertising and public relations 6,170 5,991 4,242
Amortization of intangibles 4,938 6,846 4,845
Merger-related and other charges 6,907 5,414 13,901
Other 15,092 17,194 12,962
Total noninterest expenses 322,245 306,285 267,611
Income before income taxes 238,712 215,926 172,834
Income tax expense 52,991 49,815 105,013
Net income 185,721 166,111 67,821
Net income available to common shareholders $ 184,346 $ 164,927 $ 67,250
Income per common share:      
Basic (in dollars per share) $ 2.31 $ 2.07 $ 0.92
Diluted (in dollars per share) $ 2.31 $ 2.07 $ 0.92
Weighted average common shares outstanding:      
Basic (in shares) 79,700 79,662 73,247
Diluted (in shares) 79,708 79,671 73,259
Service charges and fees      
Noninterest income:      
Service charges and other related fees $ 36,797 $ 35,997 $ 38,295
Mortgage loan gains and related fees      
Noninterest income:      
Service charges and other related fees $ 27,145 $ 19,010 $ 18,320