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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Investment securities $ 122,099 $ 99,616 $ 85,504
Residential real estate loans 43,300 46,392 46,899
Commercial loans 471,061 436,497 369,107
Consumer and other loans 44,614 44,559 44,667
Total interest income 681,074 627,064 546,177
Interest Expense      
Deposits 12,135 17,620 23,280
Securities sold under agreements to repurchase 2,303 3,601 3,694
Federal Home Loan Bank advances 0 733 9,023
Other borrowed funds 713 646 215
Subordinated debentures 3,407 4,715 6,561
Total interest expense 18,558 27,315 42,773
Net Interest Income 662,516 599,749 503,404
Provision for credit losses 23,076 39,765 57
Net interest income after provision for credit losses 639,440 559,984 503,347
Non-Interest Income      
Service charges and other fees 59,317 52,503 67,934
Miscellaneous loan fees and charges 12,038 7,344 5,313
Gain on sale of loans 63,063 99,450 34,064
(Loss) gain on sale of debt securities (638) 1,139 14,415
Other income 11,040 12,431 9,048
Total non-interest income 144,820 172,867 130,774
Non-Interest Expense      
Compensation and employee benefits 270,644 253,047 222,753
Occupancy and equipment 39,394 37,673 34,497
Advertising and promotions 11,949 10,201 10,621
Data processing 23,470 21,132 17,392
Other real estate owned and foreclosed assets 236 923 1,105
Regulatory assessments and insurance 8,249 4,656 3,771
Loss on termination of hedging activities 0 0 13,528
Aggregate amortization expense 10,271 10,370 8,485
Other expenses 70,609 66,809 62,775
Total non-interest expense 434,822 404,811 374,927
Income Before Income Taxes 349,438 328,040 259,194
Federal and state income tax expense 64,681 61,640 48,650
Net Income $ 284,757 $ 266,400 $ 210,544
Basic earnings per share (in dollars per share) $ 2.87 $ 2.81 $ 2.39
Diluted earnings per share (in dollars per share) 2.86 2.81 2.38
Dividends declared per share (in dollars per share) $ 1.37 $ 1.33 $ 1.31
Average outstanding shares - basic (in shares) 99,313,255 94,883,864 88,255,290
Average outstanding shares - diluted (in shares) 99,398,250 94,932,353 88,385,775