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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans, including fees $ 105,564 $ 92,083 $ 208,369 $ 179,916
Investment securities:        
Taxable 19,602 20,694 38,902 41,908
Tax-exempt 1,377 2,087 3,026 4,282
Other interest income 317 202 626 367
Total interest income 126,860 115,066 250,923 226,473
Interest expense:        
Savings deposits 4,249 3,291 8,492 5,519
Time deposits 5,044 3,010 9,422 5,679
Securities sold under repurchase agreements 591 348 1,180 1,371
Other borrowings 3,513 4,379 7,007 9,068
Junior subordinated deferrable interest debentures 1,681 1,765 3,631 3,291
Total interest expense 15,078 12,793 29,732 24,928
Net interest income 111,782 102,273 221,191 201,545
Provision for probable loan losses 2,665 (2,730) 10,085 (1,068)
Net interest income after provision for probable loan losses 109,117 105,003 211,106 202,613
Non-interest income:        
Investment securities transactions, net (6)   (10)  
Other investments, net (1,703) 5,841 2,245 10,567
Other income 4,513 5,727 7,053 9,782
Total non-interest income 34,416 42,303 70,545 81,278
Non-interest expense:        
Employee compensation and benefits 37,246 34,692 73,655 69,310
Occupancy 6,580 7,163 12,957 13,238
Depreciation of bank premises and equipment 7,032 6,364 14,013 12,637
Professional fees 3,745 3,375 7,337 5,947
Deposit insurance assessments 859 974 1,642 1,974
Net expense, other real estate owned 1,203 2,649 2,198 2,378
Advertising 2,081 1,808 4,163 3,647
Software and software maintenance 5,003 4,390 9,500 8,462
Other 15,864 19,186 27,099 31,917
Total non-interest expense 79,613 80,601 152,564 149,510
Income before income taxes 63,920 66,705 129,087 134,381
Provision for income taxes 13,900 13,818 27,161 28,074
Net income $ 50,020 $ 52,887 $ 101,926 $ 106,307
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 65,648,090 66,114,497 65,633,117 66,103,499
Net income (in dollars per share) $ 0.76 $ 0.80 $ 1.55 $ 1.61
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 65,867,234 66,932,113 65,849,281 66,898,065
Net income (in dollars per share) $ 0.76 $ 0.79 $ 1.55 $ 1.59
Services charges on deposit accounts        
Non-interest income:        
Service charges $ 17,610 $ 17,555 $ 34,870 $ 35,267
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges 11,764 11,152 22,640 22,274
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges $ 2,238 $ 2,028 $ 3,747 $ 3,388