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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans and leases, including fees $ 397,628 $ 293,284 $ 214,126
Investment securities:      
Investment securities available-for-sale 39,330 45,988 49,778
Investment securities held-to-maturity 17,388 18,901 21,015
Total investment income 56,718 64,889 70,793
Dividends from FHLB stock 1,235 2,045 1,375
Interest-earning deposits with other institutions and federal funds sold 2,269 1,642 932
Total interest income 457,850 361,860 287,226
Interest expense:      
Deposits 17,120 9,825 6,044
Borrowings and customer repurchase agreements 3,959 2,067 1,579
Junior subordinated debentures 999 923 673
Total interest expense 22,078 12,815 8,296
Net interest income before provision for (recapture of) loan losses 435,772 349,045 278,930
Provision for (recapture of) loan losses 5,000 1,500 (8,500)
Net interest income after provision for (recapture of) loan losses 430,772 347,545 287,430
Noninterest income:      
BOLI income 5,798 4,018 3,420
Gain on OREO, net 129 3,546 6
Gain on sale of building, net 4,776 0 542
Gain on eminent domain condemnation, net 5,685 0 2,894
Other 9,956 6,588 6,196
Total noninterest income 59,042 43,481 42,118
Noninterest expense:      
Salaries and employee benefits 119,475 100,601 87,065
Occupancy and equipment 21,289 20,841 16,756
Professional services 7,752 6,477 5,940
Software licenses and maintenance 9,826 8,655 6,385
Marketing and promotion 5,890 5,302 4,839
Recapture of provision for unfunded loan commitments 0 (250) (400)
Amortization of intangible assets 10,798 5,254 1,329
Acquisition related expenses 6,447 16,404 2,251
Other 17,263 16,627 16,588
Total noninterest expense 198,740 179,911 140,753
Earnings before income taxes 291,074 211,115 188,795
Income taxes 83,247 59,112 84,384
Net earnings 207,827 152,003 104,411
Other comprehensive income (loss):      
Unrealized gain (loss) on securities arising during the period, before tax 43,872 (28,526) (14,629)
Less: Reclassification adjustment for net gain on securities included in net income (5) 0 (402)
Other comprehensive income (loss), before tax 43,867 (28,526) (15,031)
Less: Income tax (expense) benefit related to items of other comprehensive income (12,969) 8,434 6,312
Other comprehensive income (loss), net of tax 30,898 (20,092) (8,719)
Comprehensive income $ 238,725 $ 131,911 $ 95,692
Basic earnings per common share $ 1.48 $ 1.25 $ 0.95
Diluted earnings per common share $ 1.48 $ 1.24 $ 0.95
Service Charges on Deposit Accounts [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax $ 20,010 $ 17,070 $ 15,809
Trust and Investment Services [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax 9,525 8,774 9,845
Bankcard Services [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax $ 3,163 $ 3,485 $ 3,406