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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income      
Interest and fees on loans $ 368,854 $ 400,923 $ 368,606
Interest and dividends on investment securities 18,440 21,037 17,907
Interest on balances with other banks and short-term investments 2,601 7,438 6,616
Interest on federal funds sold 91 232 157
Total interest income 389,986 429,630 393,286
Interest Expense      
Interest on deposits 53,566 91,026 60,210
Interest on customer repurchase agreements 293 345 225
Interest on short-term borrowings 1,869 2,298 3,942
Interest on long-term borrowings 12,696 11,916 11,916
Total interest expense 68,424 105,585 76,293
Net Interest Income 321,562 324,045 316,993
Provision for Credit Losses 45,571 13,091 8,660
Provision for Unfunded Commitments 1,380 0 0
Net Interest Income After Provision For Credit Losses 274,611 310,954 308,333
Noninterest Income      
Service charges on deposits 4,416 6,247 7,014
Gain on sale of loans 22,089 8,474 5,963
Gain on sale of investment securities 1,815 1,517 97
Increase in the cash surrender value of bank owned life insurance 2,071 1,703 1,507
Other income 15,305 7,758 8,005
Total noninterest income 45,696 25,699 22,586
Noninterest Expense      
Salaries and employee benefits 74,440 79,842 67,734
Premises and equipment expenses 15,715 14,387 15,660
Marketing and advertising 4,278 4,826 4,566
Data processing 10,702 9,412 9,714
Legal, accounting and professional fees 16,406 12,195 9,742
FDIC insurance 7,941 3,206 3,512
Other expenses 14,680 15,994 15,783
Total noninterest expense 144,162 139,862 126,711
Income Before Income Tax Expense 176,145 196,791 204,208
Income Tax Expense 43,928 53,848 51,932
Net Income $ 132,217 $ 142,943 $ 152,276
Earnings Per Common Share      
Basic (in dollars per share) $ 4.09 $ 4.18 $ 4.44
Diluted (in dollars per share) $ 4.09 $ 4.18 $ 4.42