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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income      
Investment securities $ 99,616 $ 85,504 $ 86,499
Residential real estate loans 46,392 46,899 40,041
Commercial loans 436,497 369,107 304,164
Consumer and other loans 44,559 44,667 38,292
Total interest income 627,064 546,177 468,996
Interest Expense      
Deposits 17,620 23,280 18,359
Securities sold under agreements to repurchase 3,601 3,694 2,248
Federal Home Loan Bank advances 733 9,023 8,880
Other borrowed funds 646 215 95
Subordinated debentures 4,715 6,561 5,949
Total interest expense 27,315 42,773 35,531
Net Interest Income 599,749 503,404 433,465
Provision for credit losses 39,765 57 9,953
Net interest income after provision for credit losses 559,984 503,347 423,512
Non-Interest Income      
Service charges and other fees 52,503 67,934 74,887
Miscellaneous loan fees and charges 7,344 5,313 6,805
Gain on sale of loans 99,450 34,064 27,134
Gain (loss) on sale of debt securities 1,139 14,415 (1,113)
Other income 12,431 9,048 11,111
Total non-interest income 172,867 130,774 118,824
Non-Interest Expense      
Compensation and employee benefits 253,047 222,753 195,056
Occupancy and equipment 37,673 34,497 30,734
Advertising and promotions 10,201 10,621 9,566
Data processing 21,132 17,392 15,911
Other real estate owned 923 1,105 3,221
Regulatory assessments and insurance 4,656 3,771 5,075
Loss on termination of hedging activities 0 13,528 0
Core deposit intangible amortization 10,370 8,485 6,270
Other expenses 66,809 62,775 54,294
Total non-interest expense 404,811 374,927 320,127
Income Before Income Taxes 328,040 259,194 222,209
Federal and state income tax expense 61,640 48,650 40,331
Net Income $ 266,400 $ 210,544 $ 181,878
Basic earnings per share (in dollars per share) $ 2.81 $ 2.39 $ 2.18
Diluted earnings per share (in dollars per share) 2.81 2.38 2.17
Dividends declared per share (in dollars per share) $ 1.33 $ 1.31 $ 1.31
Average outstanding shares - basic (in shares) 94,883,864 88,255,290 83,603,515
Average outstanding shares - diluted (in shares) 94,932,353 88,385,775 83,677,185