XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and fees on loans and leases:        
Taxable $ 46,039 $ 46,933 $ 136,357 $ 139,766
Exempt from federal income taxes 2,271 2,774 7,312 8,216
Total interest and fees on loans and leases 48,310 49,707 143,669 147,982
Interest and dividends on investment securities:        
Taxable 1,646 2,581 6,569 7,939
Exempt from federal income taxes 137 315 573 1,147
Interest on deposits with other banks 100 1,178 492 2,016
Interest and dividends on other earning assets 419 519 1,308 1,640
Total interest income 50,612 54,300 152,611 160,724
Interest expense        
Interest on deposits 4,028 9,434 15,806 26,748
Interest on short-term borrowings 97 94 325 949
Interest on long-term debt and subordinated notes 2,633 2,127 6,640 6,224
Total interest expense 6,758 11,655 22,771 33,921
Net interest income 43,854 42,645 129,840 126,803
Provision for credit losses 3,935 1,533 49,515 6,286
Net interest income after provision for credit losses 39,919 41,112 80,325 120,517
Disaggregation of Revenue [Line Items]        
Insurance commission and fee income 3,776 3,877 12,575 12,962
Bank owned life insurance income 741 743 2,207 2,438
Net gain on sales of investment securities 57 33 817 41
Net gain on mortgage banking activities 5,860 1,629 12,119 2,908
Other income 2,171 544 4,017 1,606
Total noninterest income 21,805 16,599 58,189 49,252
Noninterest expense        
Salaries, benefits and commissions 24,059 22,758 69,595 66,356
Net occupancy 2,609 2,475 7,661 7,687
Equipment 972 1,088 2,890 3,143
Data processing 2,862 2,624 8,372 7,765
Professional fees 1,321 1,517 3,902 4,088
Marketing and advertising 463 558 1,400 1,884
Deposit insurance premiums 707 (444) 1,826 438
Intangible expenses 283 378 934 1,221
Other expense 5,251 5,313 16,684 16,028
Total noninterest expense 38,527 36,267 113,264 108,610
Income before income taxes 23,197 21,444 25,250 61,159
Income tax expense 5,078 3,782 4,208 10,950
Net income $ 18,119 $ 17,662 $ 21,042 $ 50,209
Net income per share:        
Basic (in dollars per share) $ 0.62 $ 0.60 $ 0.72 $ 1.71
Diluted (in dollars per share) $ 0.62 $ 0.60 $ 0.72 $ 1.71
Trust fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income $ 1,915 $ 1,973 $ 5,729 $ 5,914
Service charges on deposit accounts        
Disaggregation of Revenue [Line Items]        
Noninterest income 1,187 1,513 3,474 4,395
Investment advisory commission and fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income 4,005 4,032 11,800 11,876
Other service fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income $ 2,093 $ 2,255 $ 5,451 $ 7,112