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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME:      
Interest and fees on loans $ 192,417 $ 189,515 $ 175,466
Taxable interest on investment securities 17,541 23,045 17,602
Nontaxable interest on investment securities 3,659 3,396 4,649
Interest on interest earning deposits 703 1,894 1,689
Total interest income 214,320 217,850 199,406
INTEREST EXPENSE:      
Deposits 12,265 16,349 10,397
Junior subordinated debentures 890 1,339 1,263
Other borrowings 168 480 753
Total interest expense 13,323 18,168 12,413
Net interest income 200,997 199,682 186,993
Provision for credit losses 36,106 4,311 5,129
Net interest income after provision for credit losses 164,891 195,371 181,864
NONINTEREST INCOME:      
Service charges and other fees 16,228 18,712 18,914
Gain on sale of investment securities, net 1,518 330 137
Gain on sale of loans, net 5,044 2,424 2,759
Interest rate swap fees 1,691 1,232 564
Bank owned life insurance income 4,319 2,160 1,753
Other income 8,429 7,604 7,491
Total noninterest income 37,229 32,462 31,618
NONINTEREST EXPENSE:      
Compensation and employee benefits 88,106 87,568 86,830
Occupancy and equipment 22,664 21,690 19,779
Data processing 9,396 8,976 9,888
Marketing 3,100 3,481 3,228
Professional services 5,921 5,192 9,670
State/municipal business and use taxes 3,754 3,754 3,002
Federal deposit insurance premium 1,789 725 1,480
Other real estate owned, net (145) 352 106
Amortization of intangible assets 3,525 4,001 3,819
Other expense 10,830 11,049 11,385
Total noninterest expense 148,940 146,788 149,187
Income before income taxes 53,180 81,045 64,295
Income tax expense 6,610 13,488 11,238
Net income $ 46,570 $ 67,557 $ 53,057
Basic earnings per common share (in usd per share) $ 1.29 $ 1.84 $ 1.49
Diluted earnings per common share (in usd per share) 1.29 1.83 1.49
Dividends declared per common share (in usd per share) $ 0.80 $ 0.84 $ 0.72
Basic weighted average common shares outstanding (in shares) 36,014,445 36,758,230 35,194,003
Weighted Average Number of Shares Outstanding, Diluted 36,170,066 36,985,766 35,371,590