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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 $ 710,935 $ 616,037 $ 352,351
Interest bearing balances due from banks and federal funds sold 7,486 5,996 1,933
Investment securities 66,898 57,318 40,115
Mortgage loans held for sale 1,326 1,336 605
TOTAL INTEREST INCOME 786,645 680,687 395,004
INTEREST EXPENSE      
Deposits 139,011 87,210 27,756
Federal funds purchased and securities sold under agreements to repurchase 1,010 423 347
Other borrowings 23,008 23,654 8,621
Subordinated notes and debentures 18,341 16,848 3,350
TOTAL INTEREST EXPENSE 181,370 128,135 40,074
NET INTEREST INCOME 605,275 552,552 354,930
Provision for loan losses 43,240 38,148 26,393
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 562,035 514,404 328,537
NON-INTEREST INCOME      
Investment banking income 2,313 3,141 2,793
Bank owned life insurance income 4,768 4,415 3,503
Gain on sale of securities, net 13,314 61 1,059
Other income 58,493 19,863 19,268
TOTAL NON-INTEREST INCOME 201,509 143,896 138,765
NON-INTEREST EXPENSE      
Salaries and employee benefits 227,795 216,743 154,314
Occupancy expense, net 32,008 29,610 21,159
Furniture and equipment expense 18,220 16,323 19,366
Other real estate and foreclosure expense 3,442 4,480 3,042
Deposit insurance 4,416 8,721 3,696
Merger related costs 36,379 4,777 21,923
Other operating expenses 138,852 111,575 88,879
TOTAL NON-INTEREST EXPENSE 461,112 392,229 312,379
INCOME BEFORE INCOME TAXES 302,432 266,071 154,923
Provision for income taxes 64,265 50,358 61,983
NET INCOME 238,167 215,713 92,940
Preferred stock dividends 339 0 0
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 237,828 $ 215,713 $ 92,940
Basic earnings per share (in dollars per share) $ 2.42 $ 2.34 $ 1.34 [1]
Diluted earnings per share (in dollars per share) $ 2.41 $ 2.32 $ 1.33 [1]
Trust income      
NON-INTEREST INCOME      
NON-INTEREST INCOME $ 25,040 $ 23,128 $ 18,570
Service charges on deposit accounts      
NON-INTEREST INCOME      
NON-INTEREST INCOME 44,782 42,508 36,079
Other service charges and fees      
NON-INTEREST INCOME      
NON-INTEREST INCOME 5,824 7,469 9,919
Mortgage lending income      
NON-INTEREST INCOME      
NON-INTEREST INCOME 15,017 9,230 9,708
SBA lending income      
NON-INTEREST INCOME      
NON-INTEREST INCOME 2,669 1,813 3,608
Debit and credit card fees      
NON-INTEREST INCOME      
NON-INTEREST INCOME $ 29,289 $ 32,268 $ 34,258
[1] Per share amounts for the year ended 2017 have been restated to reflect the effect of the two-for-one stock split on February 8, 2018.