XML 140 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Interest and fees on loans and leases $ 182,657 $ 159,456 $ 144,224
Interest and dividends on investment securities:      
Taxable investment securities 29,454 34,501 33,933
Tax-exempt investment securities 3,044 3,696 3,874
Dividend income on investment securities 63 61 49
Interest on deposits in other financial institutions 201 365 356
Dividend income on FHLB stock 964 215 126
Total interest income 216,383 198,294 182,562
Interest on deposits:      
Demand 800 734 641
Savings and money market 5,100 2,000 1,099
Time 18,044 16,770 9,457
Interest on short-term borrowings 4,285 1,236 183
Interest on long-term debt 4,080 4,556 3,479
Total interest expense 32,309 25,296 14,859
Net interest income 184,074 172,998 167,703
Provision (credit) for loan and lease losses 6,317 (1,124) (2,674)
Net interest income after provision for loan and lease losses 177,757 174,122 170,377
Other operating income:      
Mortgage banking income 5,983 7,315 6,962
Service charges on deposit accounts 8,406 8,406 8,468
Other service charges and fees 14,358 13,123 11,518
Income from fiduciary activities 25,894 24,586  
Income from bank-owned life insurance 3,105 2,117 3,388
Net gain (loss) on sales of foreclosed assets (145) 0 205
Equity in earnings of unconsolidated subsidiaries 257 233 602
Fees on foreign exchange 755 905 529
Loan placement fees 702 747 536
Net gains (losses) on sales of investment securities 36 (279) (1,410)
Other 3,949 1,992 2,024
Total other operating income 41,801 38,804 36,496
Other operating expense:      
Salaries and employee benefits 82,290 75,352 72,286
Net occupancy 14,299 13,763 13,571
Legal and professional services 7,354 7,330 7,724
Computer software expense 10,812 9,841 9,192
Amortization of core deposit premium 2,460 3,865 4,962
Communication expense 3,551 3,410 3,659
Equipment 4,353 4,239 3,785
Advertising expense 2,661 2,675 2,408
Foreclosed asset expense 251 574 151
Other 16,060 15,492 15,623
Total other operating expense 141,631 134,682 131,073
Income before income taxes 77,927 78,244 75,800
Income tax expense 19,605 18,758 34,596
Net income $ 58,322 $ 59,486 $ 41,204
Per common share data:      
Basic earnings per share (in dollars per share) $ 2.05 $ 2.02 $ 1.36
Diluted earnings per share (in dollars per share) 2.03 2.01 1.34
Cash dividends declared (in dollars per share) $ 0.90 $ 0.82 $ 0.70
Core Deposit Premium      
Other operating expense:      
Amortization of core deposit premium $ 0 $ 2,006 $ 2,674
Fiduciary and Trust      
Other operating income:      
Income from fiduciary activities $ 4,395 $ 4,245 $ 3,674