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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Interest and fees on loans $ 400,923 $ 368,606 $ 308,510
Interest and dividends on investment securities 21,037 17,907 12,214
Interest on balances with other banks and short-term investments 7,438 6,616 3,258
Interest on federal funds sold 232 157 52
Total interest income 429,630 393,286 324,034
Interest Expense      
Interest on deposits 91,026 60,210 27,286
Interest on customer repurchase agreements 345 225 197
Interest on short-term borrowings 2,298 3,942 748
Interest on long-term borrowings 11,916 11,916 11,916
Total interest expense 105,585 76,293 40,147
Net interest income 324,045 316,993 283,887
Provision for Credit Losses 13,091 8,660 8,971
Net Interest Income After Provision For Credit Losses 310,954 308,333 274,916
Noninterest Income      
Service charges on deposits 6,247 7,014 6,364
Gain on sale of loans 8,474 5,963 9,275
Gain on sale of investment securities 1,517 97 542
Increase in the cash surrender value of bank owned life insurance 1,703 1,507 1,711
Other income 7,758 8,005 11,480
Total noninterest income 25,699 22,586 29,372
Noninterest Expense      
Salaries and employee benefits 79,842 67,734 67,129
Premises and equipment expenses 14,387 15,660 15,632
Marketing and advertising 4,826 4,566 4,095
Data processing 9,412 9,714 8,220
Legal, accounting and professional fees 12,195 9,742 5,053
FDIC insurance 3,206 3,512 2,554
Other expenses 15,994 15,783 15,869
Total noninterest expense 139,862 126,711 118,552
Income Before Income Tax Expense 196,791 204,208 185,736
Income Tax Expense 53,848 51,932 85,504
Net Income $ 142,943 $ 152,276 $ 100,232
Earnings Per Common Share      
Basic (in dollars per share) $ 4.18 $ 4.44 $ 2.94
Diluted (in dollars per share) $ 4.18 $ 4.42 $ 2.92