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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME    
Loans $ 159,440 $ 143,350
Interest bearing balances due from banks and federal funds sold 2,154 1,009
Investment securities 17,312 12,622
Mortgage loans held for sale 210 158
TOTAL INTEREST INCOME 179,116 157,139
INTEREST EXPENSE    
Deposits 30,750 15,597
Federal funds purchased and securities sold under agreements to repurchase 136 110
Other borrowings 6,793 5,139
Subordinated notes and debentures 4,411 1,327
TOTAL INTEREST EXPENSE 42,090 22,173
NET INTEREST INCOME 137,026 134,966
Provision for loan losses 9,285 9,150
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 127,741 125,816
NON-INTEREST INCOME    
Investment banking income 618 834
Bank owned life insurance income 795 1,103
Gain on sale of securities, net 2,740 6
Other income 3,125 4,007
TOTAL NON-INTEREST INCOME 33,761 37,535
NON-INTEREST EXPENSE    
Salaries and employee benefits 56,367 56,357
Occupancy expense, net 7,475 6,960
Furniture and equipment expense 3,358 4,403
Other real estate and foreclosure expense 637 1,020
Deposit insurance 2,040 2,128
Merger related costs 1,470 1,711
Other operating expenses 30,062 25,494
TOTAL NON-INTEREST EXPENSE 101,409 98,073
INCOME BEFORE INCOME TAXES 60,093 65,278
Provision for income taxes 12,398 13,966
NET INCOME $ 47,695 $ 51,312
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.52 $ 0.56
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.51 $ 0.55
Trust income    
NON-INTEREST INCOME    
Non-interest income $ 5,708 $ 5,249
Service charges on deposit accounts    
NON-INTEREST INCOME    
Non-interest income 10,068 10,345
Other service charges and fees    
NON-INTEREST INCOME    
Non-interest income 1,289 2,750
Mortgage lending income    
NON-INTEREST INCOME    
Non-interest income 2,823 3,472
SBA lending income    
NON-INTEREST INCOME    
Non-interest income 497 973
Debit and credit card fees    
NON-INTEREST INCOME    
Non-interest income $ 6,098 $ 8,796