| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Interest income | ||||||
Loans | ||||||
263,011 | 257,611 | 223,765 | 188,526 | |||
Investment securities | ||||||
47,210 | 49,207 | 47,913 | 49,495 | |||
Interest earning deposits with banks | ||||||
2,753 | 2,540 | 1,642 | 806 | |||
Total interest income | ||||||
312,974 | 309,358 | 273,320 | 238,827 | |||
Interest expense | ||||||
Interest bearing demand deposits | ||||||
925 | 657 | 394 | 653 | |||
Savings and money market deposits | ||||||
15,690 | 12,911 | 8,856 | 8,306 | |||
Time deposits | ||||||
51,757 | 42,189 | 26,787 | 16,576 | |||
Advances from the Federal Home Loan Bank | ||||||
24,325 | 26,470 | 18,235 | 10,971 | |||
Junior subordinated debentures | ||||||
7,184 | 8,086 | 7,456 | 7,129 | |||
Securities sold under agreements to repurchase | ||||||
5 | 6 | 1,882 | 3,259 | |||
Total interest expense | ||||||
99,886 | 90,319 | 63,610 | 46,894 | |||
Net interest income | ||||||
213,088 | 219,039 | 209,710 | 191,933 | |||
Provision for Loan, Lease, and Other Losses | ||||||
-3,150 | 375 | -3,490 | 22,110 | |||
Net interest income after provision for loan losses | ||||||
216,238 | 218,664 | 213,200 | 169,823 | |||
Noninterest income | ||||||
Deposits and service fees | ||||||
17,067 | 17,753 | 19,560 | 20,928 | |||
Brokerage, advisory and fiduciary activities | ||||||
14,936 | 16,849 | 20,626 | 20,282 | |||
Change in cash surrender value of bank owned life insurance | ||||||
5,710 | 5,824 | 5,458 | 4,422 | |||
Securities gains, net | ||||||
2,605 | -999 | -1,601 | 1,031 | |||
Cards and trade finance servicing fees | ||||||
3,925 | 4,424 | 4,589 | 4,250 | |||
(Loss) gain on early extinguishment of advances from the Federal Home Loan Bank, net | ||||||
-886 | 882 | 0 | 714 | |||
Data processing and fees for other services | ||||||
955 | 2,517 | 3,593 | 4,409 | |||
Other noninterest income | ||||||
12,798 | 6,625 | 19,260 | 6,234 | |||
Total noninterest income | ||||||
57,110 | 53,875 | 71,485 | 62,270 | |||
Noninterest expense | ||||||
Salaries and employee benefits | ||||||
137,380 | 141,801 | 131,800 | 129,681 | |||
Occupancy and equipment | ||||||
16,194 | 16,531 | 17,381 | 18,368 | |||
Telecommunication and data processing | ||||||
13,063 | 12,399 | 9,825 | 8,392 | |||
Professional and other services fees | ||||||
16,123 | 19,119 | 16,399 | 11,937 | |||
Depreciation and amortization | ||||||
7,094 | 8,543 | 9,000 | 9,100 | |||
FDIC assessments and insurance | ||||||
4,043 | 6,215 | 7,624 | 7,131 | |||
Other operating expenses | ||||||
15,420 | 10,365 | 15,567 | 13,664 | |||
Total noninterest expenses | ||||||
209,317 | 214,973 | 207,636 | 198,303 | |||
Income before income tax | ||||||
64,031 | 57,566 | 77,049 | 33,790 | |||
Income tax expense | ||||||
12,697 | 11,733 | 33,992 | 10,211 | |||
Net income | ||||||
51,334 | 45,833 | 43,057 | 23,579 | |||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] | ||||||
Net unrealized holding gains on debt securities available for sale arising during the period | ||||||
32,810 | -15,265 | 3,577 | -3,839 | |||
Net unrealized holding losses on cash flow hedges arising during the period | ||||||
287 | 2,663 | 152 | 3,598 | |||
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent | ||||||
2,571 | -571 | -833 | 1,004 | |||
Cumulative Effect of Change in Accounting Principle, Net of Tax | ||||||
872 | 0 | 0 | - | |||
Other comprehensive income | ||||||
31,398 | -12,031 | 4,562 | -1,245 | |||
Comprehensive income | ||||||
82,732 | 33,802 | 47,619 | 22,334 | |||
Earnings Per Share (Note 16): | ||||||
Basic earnings per common share (in dollars per share) | ||||||
1.21 | 1.08 | 1.01 | - | |||
Diluted earnings per common share (in dollars per share) | ||||||
1.20 | 1.08 | 1.01 | - | |||
Basic and diluted income per common share (Note 20) (in dollars per share) | ||||||
- | - | - | 0.55 | |||