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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and Dividend Income      
Loans, including fees $ 1,086,662 $ 802,947 $ 663,036
Mortgage loans held for sale, including fees 3,748 4,679 6,564
Investment securities:      
Taxable interest 107,137 87,359 52,150
Tax-exempt interest 10,634 8,835 7,004
Amortization of FDIC loss share receivable 0 0 (16,023)
Other 13,448 9,963 4,208
Total interest and dividend income 1,221,629 913,783 716,939
Deposits:      
NOW and MMDA 113,996 57,283 32,396
Savings 2,117 1,455 1,145
Time deposits 44,839 21,095 18,040
Short-term borrowings 14,682 7,557 2,452
Long-term debt 32,747 17,547 13,668
Total interest expense 208,381 104,937 67,701
Net interest income 1,013,248 808,846 649,238
Provision for credit losses 40,385 51,708 41,521
Net interest income after provision for credit losses 972,863 757,138 607,717
Non-interest Income      
(Loss) gain on sale of available for sale securities (49,900) (148) 2,001
Other non-interest income 31,075 29,106 32,697
Total non-interest income 152,562 202,147 227,717
Non-interest Expense      
Salaries and employee benefits 414,741 379,527 331,686
Net occupancy and equipment 77,246 70,663 65,797
Communication and delivery 15,951 14,252 12,383
Marketing and business development 18,371 13,999 12,332
Computer services expense 39,680 36,790 25,091
Professional services 28,698 48,545 19,153
Credit and other loan related expense 19,088 18,411 13,840
Insurance 25,274 21,815 17,270
(Gain) loss on early termination of FDIC loss share agreements (2,708) 0 17,798
Travel and entertainment 10,035 11,287 8,481
Amortization of acquisition intangibles 21,678 12,590 8,415
Impairment of long-lived assets and other losses 27,780 12,246 6,111
Other non-interest expense 27,064 26,281 25,107
Total non-interest expense 722,898 666,406 563,464
Income before income tax expense 402,527 292,879 271,970
Income tax expense 32,278 150,466 85,193
Net Income 370,249 142,413 186,777
Less: Preferred stock dividends 9,095 9,095 7,977
Net Income Available to Common Shareholders 361,154 133,318 178,800
Less: Earnings Allocated to Unvested Restricted Stock (3,583) (1,210) (1,872)
Earnings Allocated to Common Shareholders $ 357,571 $ 132,108 $ 176,928
Earnings per common share - Basic (in usd per share) $ 6.50 $ 2.61 $ 4.32
Earnings per common share - Diluted (in usd per share) 6.46 2.59 4.30
Cash dividends declared per common share (in usd per share) $ 1.56 $ 1.46 $ 1.4
Comprehensive Income      
Net income $ 370,249 $ 142,413 $ 186,777
Unrealized gains (losses) on securities:      
Unrealized holding gains (losses) arising during the period (net of tax effects of $4,021, $6,244, and $12,261, respectively) (40,895) (11,596) (22,771)
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $10,479, $52, and $700, respectively) (39,421) (96) 1,301
Unrealized gains (losses) on securities, net of tax (1,474) (11,500) (24,072)
Fair value of derivative instruments designated as cash flow hedges:      
Change in fair value of derivative instruments designated as cash flow hedges during the period (net of tax effects of $1,174, $329, and $231, respectively) 4,416 (611) (328)
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $52, $210, and $27, respectively) (196) (390) 50
Fair value of derivative instruments designated as cash flow hedges, net of tax 4,612 (221) (378)
Other comprehensive income (loss), net of tax 3,138 (11,721) (24,450)
Comprehensive income 373,387 130,692 162,327
Mortgage income      
Non-interest Income      
Non-interest Income 46,424 63,570 83,853
Service charges on deposit accounts      
Non-interest Income      
Non-interest Income 52,803 47,678 44,135
Title revenue      
Non-interest Income      
Non-interest Income 24,149 21,972 22,213
Broker commissions      
Non-interest Income      
Non-interest Income 9,195 9,161 14,391
ATM/debit card fee income      
Non-interest Income      
Non-interest Income 10,295 10,199 10,008
Credit card and merchant-related income      
Non-interest Income      
Non-interest Income 12,540 10,904 11,245
Trust department income      
Non-interest Income      
Non-interest Income $ 15,981 $ 9,705 $ 7,174