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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest and fees on loans and leases:      
Taxable $ 183,568 $ 186,041 $ 166,304
Exempt from federal income taxes 9,537 10,942 9,889
Total interest and fees on loans and leases 193,105 196,983 176,193
Interest and dividends on investment securities:      
Taxable 7,842 10,660 9,388
Exempt from federal income taxes 678 1,420 1,841
Interest on deposits with other banks 574 2,876 1,101
Interest and dividends on other earning assets 1,746 2,154 1,965
Total interest income 203,945 214,093 190,488
Interest expense      
Interest on demand deposits 7,724 18,633 11,061
Interest on savings deposits 2,057 3,660 2,357
Interest on time deposits 9,835 13,276 8,768
Interest on short-term borrowings 327 1,012 2,420
Interest on long-term debt 9,641 8,280 7,820
Total interest expense 29,584 44,861 32,426
Net interest income [1] 174,361 169,232 158,062
Provision for credit losses 40,794 8,511 20,310
Net interest income after provision for credit losses 133,567 160,721 137,752
Disaggregation of Revenue [Line Items]      
Insurance commission and fee income 16,087 16,571 15,658
Bank owned life insurance income [1] 2,940 3,179 3,174
Net gain on sales of investment securities [1] 871 54 10
Net gain on mortgage banking activities [1] 16,442 3,946 3,125
Other income [2] 5,953 2,619 262
Total noninterest income 78,328 65,422 60,173
Noninterest expense      
Salaries, benefits and commissions 93,208 88,289 80,488
Net occupancy 10,358 10,221 10,260
Equipment 3,841 4,170 4,146
Data processing 11,333 10,450 9,014
Professional fees 5,338 5,563 5,391
Marketing and advertising 1,975 2,594 2,642
Deposit insurance premiums 2,591 780 1,836
Intangible expenses 1,216 1,595 2,166
Restructuring charges 1,439 0 571
Other expense 23,699 22,428 20,725
Total noninterest expense 154,998 146,090 137,239
Income before income taxes 56,897 80,053 60,686
Income tax expense 9,981 14,334 10,143
Net income $ 46,916 $ 65,719 $ 50,543
Net income per share:      
Basic (in dollars per share) $ 1.60 $ 2.24 $ 1.72
Diluted (in dollars per share) $ 1.60 $ 2.24 $ 1.72
Trust fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income $ 7,703 $ 7,826 $ 7,882
Service charges on deposit accounts      
Disaggregation of Revenue [Line Items]      
Noninterest income 4,845 5,946 5,632
Investment advisory commission and fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income 15,944 15,940 15,098
Other service fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income [2] $ 7,543 $ 9,341 $ 9,332
[1] Net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives are excluded from the scope of FASB ASC 606 "Revenue from Contracts with Customers" (FASB ASC 606). Noninterest income streams that are out of scope of FASB ASC 606 include bank owned life insurance income, sales of investment securities and mortgage banking activities.
[2] Other service fee income and other income include certain items that are in scope and certain items that are out of scope of FASB ASC 606 are described further in the following paragraphs.