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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans $ 1,802,968,000 $ 1,645,736,000 $ 1,478,765,000
Money market investments 89,823,000 111,288,000 51,495,000
Investment securities 368,002,000 264,824,000 195,684,000
Total interest income 2,260,793,000 2,021,848,000 1,725,944,000
Interest expense:      
Deposits 304,858,000 204,265,000 141,864,000
Short-term borrowings 6,100,000 7,210,000 5,724,000
Long-term debt 58,141,000 75,496,000 76,392,000
Total interest expense 369,099,000 286,971,000 223,980,000
Net interest income 1,891,694,000 1,734,877,000 1,501,964,000
Provision for loan losses 165,779,000 228,072,000 325,424,000
Net interest income after provision for loan losses 1,725,915,000 1,506,805,000 1,176,540,000
Mortgage banking activities 32,093,000 52,802,000 25,496,000
Net (loss) gain on sale of debt securities (20,000) 0 83,000
Other-than-temporary impairment losses on debt securities 0 0 (8,299,000)
Net gain (loss), including impairment on equity securities 2,506,000 (2,081,000) 251,000
Net profit (loss) on trading account debt securities 994,000 (208,000) (817,000)
Net gain (loss) on sale of loans, including valuation adjustments on loans held-for-sale 0 33,000 (420,000)
Indemnity reserves on loans sold expense (343,000) (12,959,000) (22,377,000)
FDIC loss-share expense 0 94,725,000 (10,066,000)
Other operating income 88,514,000 111,485,000 64,340,000
Total non-interest income 569,883,000 652,494,000 419,167,000
Operating expenses:      
Personnel costs 590,625,000 562,988,000 476,762,000
Net occupancy expenses 96,339,000 88,329,000 89,194,000
Equipment expenses 84,215,000 71,788,000 65,142,000
Other taxes 51,653,000 46,284,000 43,382,000
Professional fees 384,411,000 349,844,000 292,488,000
Communications 23,450,000 23,107,000 22,466,000
Business promotion 75,372,000 65,918,000 58,445,000
FDIC deposit insurance 18,179,000 27,757,000 26,392,000
Loss on early extinguishment of debt 0 12,522,000 0
Other real estate owned (O R E O) expenses 4,298,000 23,338,000 48,540,000
Other operating expenses 139,570,000 140,361,000 125,007,000
Amortization of intangibles 9,370,000 9,326,000 9,378,000
Total operating expenses 1,477,482,000 1,421,562,000 1,257,196,000
Income before income tax 818,316,000 737,737,000 338,511,000
Income tax expense 147,181,000 119,579,000 230,830,000
Net Income 671,135,000 618,158,000 107,681,000
Net Income Applicable to Common Stock $ 667,412,000 $ 614,435,000 $ 103,958,000
Net Income per Common Share - Basic $ 6.89 $ 6.07 $ 1.02
Net Income per Common Share - Diluted $ 6.88 $ 6.06 $ 1.02
Service charges on deposit accounts      
Interest expense:      
Revenue from contract with customer $ 160,933,000 $ 150,677,000 $ 153,709,000
Other services      
Interest expense:      
Revenue from contract with customer 285,206,000 258,020,000 217,267,000
Non-covered loans      
Interest expense:      
Provision for loan losses 165,779,000 226,342,000 319,682,000
Covered loans      
Interest expense:      
Provision for loan losses $ 0 $ 1,730,000 $ 5,742,000