XML 24 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST INCOME      
Loans $ 352,351,000 $ 265,652,000 $ 268,367,000
Interest bearing balances due from banks and federal funds sold 1,933,000 756,000 899,000
Investment securities 40,115,000 33,479,000 30,613,000
Mortgage loans held for sale 605,000 1,102,000 1,051,000
Assets held in trading accounts   16,000 18,000
TOTAL INTEREST INCOME 395,004,000 301,005,000 300,948,000
INTEREST EXPENSE      
Deposits 27,756,000 15,217,000 15,248,000
Federal funds purchased and securities sold under agreements to repurchase 347,000 273,000 236,000
Other borrowings 8,621,000 4,148,000 5,097,000
Subordinated debentures 3,350,000 2,161,000 1,772,000
TOTAL INTEREST EXPENSE 40,074,000 21,799,000 22,353,000
NET INTEREST INCOME 354,930,000 279,206,000 278,595,000
Provision for loan losses 26,393,000 20,065,000 9,022,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 328,537,000 259,141,000 269,573,000
NON-INTEREST INCOME      
Trust income 18,570,000 15,442,000 9,261,000
Service charges on deposit accounts 36,079,000 32,414,000 30,985,000
Other service charges and fees 9,919,000 12,872,000 8,756,000
Mortgage and SBA lending income 13,316,000 16,483,000 11,452,000
Investment banking income 2,793,000 3,471,000 2,590,000
Debit and credit card fees 34,258,000 30,740,000 26,660,000
Bank owned life insurance income 3,503,000 3,324,000 2,680,000
Gain on sale of securities, net 1,059,000 5,848,000 307,000
Net loss on assets covered by FDIC loss share agreements (14,812,000)
Other income 19,268,000 18,788,000 16,782,000
TOTAL NON-INTEREST INCOME 138,765,000 139,382,000 94,661,000
NON-INTEREST EXPENSE      
Salaries and employee benefits 154,314,000 133,457,000 138,243,000
Occupancy expense, net 21,159,000 18,667,000 16,858,000
Furniture and equipment expense 19,366,000 16,683,000 14,352,000
Other real estate and foreclosure expense 3,042,000 4,461,000 4,861,000
Deposit insurance 3,696,000 3,469,000 4,201,000
Merger related costs 21,923,000 4,835,000 13,760,000
Other operating expenses 88,879,000 73,513,000 64,695,000
TOTAL NON-INTEREST EXPENSE 312,379,000 255,085,000 256,970,000
INCOME BEFORE INCOME TAXES 154,923,000 143,438,000 107,264,000
Provision for income taxes 61,983,000 46,624,000 32,900,000
NET INCOME 92,940,000 96,814,000 74,364,000
Preferred stock dividends 24,000 257,000
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 92,940,000 $ 96,790,000 $ 74,107,000
BASIC EARNINGS PER SHARE (in dollars per share) [1] $ 1.34 $ 1.58 $ 1.32
DILUTED EARNINGS PER SHARE (in dollars per share) [1] $ 1.33 $ 1.56 $ 1.31
[1] All per share amounts have been restated to reflect the effect of the two-for-one stock split on February 8, 2018.