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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Loans and leases, including fees $ 293,284 $ 214,126 $ 192,992
Investment securities:      
Investment securities available-for-sale 45,988 49,778 47,702
Investment securities held-to-maturity 18,901 21,015 20,227
Total investment income 64,889 70,793 67,929
Dividends from FHLB stock 2,045 1,375 2,224
Interest-earning deposits with other institutions and federal funds sold 1,642 932 1,905
Total interest income 361,860 287,226 265,050
Interest expense:      
Deposits 9,825 6,044 5,957
Borrowings and customer repurchase agreements 2,067 1,579 1,478
Junior subordinated debentures 923 673 541
Total interest expense 12,815 8,296 7,976
Net interest income before provision for (recapture of) loan losses 349,045 278,930 257,074
Provision for (recapture of) loan losses 1,500 (8,500) (6,400)
Net interest income after provision for (recapture of) loan losses 347,545 287,430 263,474
Noninterest income:      
BOLI income 4,018 3,420 2,612
Gain on sale of loans 0 0 1,101
Gain (loss) on OREO, net 3,546 6 (20)
Other 6,588 9,632 4,277
Total noninterest income 43,481 42,118 35,552
Noninterest expense:      
Salaries and employee benefits 100,601 87,065 82,630
Occupancy and equipment 20,841 16,756 15,641
Professional services 6,477 5,940 5,054
Software licenses and maintenance 8,655 6,385 5,465
Marketing and promotion 5,302 4,839 5,027
Recapture of provision for unfunded loan commitments (250) (400) (450)
Amortization of intangible assets 5,254 1,329 1,106
Acquisition related expenses 16,404 2,251 1,897
Impairment loss on asset held-for-sale 0 0 2,558
Legal settlement 0 0 1,500
Other 16,627 16,588 16,312
Total noninterest expense 179,911 140,753 136,740
Earnings before income taxes 211,115 188,795 162,286
Income taxes 59,112 84,384 60,857
Net earnings 152,003 104,411 101,429
Other comprehensive loss:      
Unrealized loss on securities arising during the period, before tax (28,526) (14,629) (17,966)
Less: Reclassification adjustment for net gain on securities included in net income 0 (402) (548)
Other comprehensive loss, before tax (28,526) (15,031) (18,514)
Add: Income tax benefit related to items of other comprehensive loss 8,434 6,312 7,776
Other comprehensive loss, net of tax (20,092) (8,719) (10,738)
Comprehensive income $ 131,911 $ 95,692 $ 90,691
Basic earnings per common share $ 1.25 $ 0.95 $ 0.94
Diluted earnings per common share $ 1.24 $ 0.95 $ 0.94
Service Charges on Deposit Accounts [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax $ 17,070 $ 15,809 $ 15,066
Trust and Investment Services [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax 8,774 9,845 9,595
Bankcard Services [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax $ 3,485 $ 3,406 $ 2,921