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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Real estate secured loans $ 189,896 $ 180,868 $ 176,714
Commercial loans 72,907 63,022 55,347
Consumer loans 20,301 21,829 22,770
Securities available for sale and Federal Home Loan Bank stock 26,445 22,890 23,398
Investment securities held to maturity 13,027 13,208 13,494
Deposits, federal funds sold and other short-term investments 1,270 498 58
Total interest income 323,846 302,315 291,781
Interest expense:      
Deposits 19,441 16,947 14,521
Borrowed funds 26,203 26,801 27,380
Total interest expense 45,644 43,748 41,901
Net interest income 278,202 258,567 249,880
Provision for loan losses 5,600 5,400 4,350
Net interest income after provision for loan losses 272,602 253,167 245,530
Non-interest income:      
Fees 27,218 26,047 26,282
Wealth management income 17,604 17,556 16,838
Bank-owned life insurance 6,693 5,470 5,345
Net gain on securities transactions 57 64 654
Other income 4,125 6,256 6,103
Total non-interest income 55,697 55,393 55,222
Non-interest expense:      
Compensation and employee benefits 109,353 106,141 99,689
Net occupancy expense 25,290 24,853 26,032
Data processing expense 13,922 13,228 12,698
FDIC Insurance 3,887 4,887 5,036
Advertising and promotion expense 3,904 3,685 4,226
Amortization of intangibles 2,670 3,391 4,066
Other operating expenses 28,796 27,593 28,842
Total non-interest expenses 187,822 183,778 180,589
Income before income tax expense 140,477 124,782 120,163
Income tax expense 46,528 36,980 36,441
Net income $ 93,949 $ 87,802 $ 83,722
Basic earnings per share (in dollars per share) $ 1.46 $ 1.38 $ 1.33
Average basic shares outstanding 64,384,851 63,643,622 62,945,669
Diluted earnings per share (in dollars per share) $ 1.45 $ 1.38 $ 1.33
Average diluted shares outstanding 64,579,222 63,851,986 63,114,718