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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Loans receivable:      
Taxable $ 358,264 $ 382,772 $ 342,501
Tax-exempt 21,483 17,568 14,862
Investment securities:      
Taxable 24,440 27,815 21,597
Tax-exempt 42,341 31,655 25,509
Deposits with financial institutions 938 4,225 2,241
Federal Home Loan Bank stock 1,042 1,370 1,234
Total Interest Income 448,508 465,405 407,944
INTEREST EXPENSE      
Deposits 51,740 91,585 51,542
Federal funds purchased 120 251 718
Securities sold under repurchase agreements 604 1,424 762
Federal Home Loan Bank advances 6,973 7,176 7,832
Subordinated debentures and term loans 6,944 8,309 8,233
Total Interest Expense 66,381 108,745 69,087
NET INTEREST INCOME 382,127 356,660 338,857
Provision for loan losses 58,673 2,800 7,227
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 323,454 353,860 331,630
OTHER INCOME      
Net gains and fees on sales of loans 18,271 7,891 7,029
Increase in cash surrender value of life insurance 5,040 4,518 4,020
Gains on life insurance benefits 100 19 198
Net realized gains on sales of available for sale securities 11,895 4,415 4,269
Other income 1,898 2,068 2,699
Non-interest income 109,926 86,688 76,459
OTHER EXPENSES      
Salaries and employee benefits 155,937 144,037 131,704
Net occupancy 26,756 19,584 18,341
Equipment 19,344 16,218 14,334
Marketing 6,609 6,650 4,681
Outside data processing fees 14,432 16,476 13,215
Printing and office supplies 1,304 1,445 1,425
Intangible asset amortization 5,987 5,994 6,719
FDIC assessments 5,804 717 2,920
Other real estate owned and foreclosure expenses 330 2,428 1,470
Professional and other outside services 8,901 15,410 8,176
Other expenses 18,001 17,804 16,966
Total Other Expenses 263,405 246,763 219,951
INCOME BEFORE INCOME TAX 169,975 193,785 188,138
Income tax expense 21,375 29,325 28,999
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 148,600 $ 164,460 $ 159,139
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE DATA:      
Basic (in dollars per share) $ 2.75 $ 3.20 $ 3.23
Diluted (in dollars per share) $ 2.74 $ 3.19 $ 3.22
Service charges on deposit accounts      
OTHER INCOME      
OTHER INCOME $ 20,999 $ 22,951 $ 20,950
Fiduciary and wealth management fees      
OTHER INCOME      
OTHER INCOME 23,747 17,562 14,906
Card payment fees      
OTHER INCOME      
OTHER INCOME 19,502 20,243 18,035
Derivative hedge fees      
OTHER INCOME      
OTHER INCOME 6,977 5,357 2,493
Other customer fees      
OTHER INCOME      
OTHER INCOME $ 1,497 $ 1,664 $ 1,860