XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Interest and fees on loans $ 88,704 $ 92,928 $ 177,942 $ 189,683
Interest and dividends on investment securities 5,606 4,571 10,001 9,998
Interest on balances with other banks and short-term investments 603 161 1,156 1,720
Interest on federal funds sold 7 12 15 72
Total interest income 94,920 97,672 189,114 201,473
Interest Expense        
Interest on deposits 6,799 12,514 14,698 33,060
Interest on customer repurchase agreements 9 86 20 173
Interest on short-term borrowings 501 501 996 858
Interest on long-term borrowings 2,979 3,208 6,117 6,275
Total interest expense 10,288 16,309 21,831 40,366
Net Interest Income 84,632 81,363 167,283 161,107
(Credit) Provision for Credit Losses (3,856) 19,737 (6,206) 34,047
Provision for Unfunded Commitments (761) 940 (1,203) 3,052
Net Interest Income After (Credit) Provision For Credit Losses 89,249 60,686 174,692 124,008
Noninterest Income        
Service charges on deposits 1,122 942 2,099 2,367
Gain on sale of loans 3,478 3,079 8,656 4,023
Gain on sale of investment securities 318 713 539 1,535
Increase in the cash surrender value of bank owned life insurance 398 828 787 1,242
Other income 5,609 6,933 9,431 8,798
Total noninterest income 10,925 12,495 21,512 17,965
Noninterest Expense        
Salaries and employee benefits 19,876 17,104 41,645 34,901
Premises and equipment expenses 3,644 3,468 7,262 7,289
Marketing and advertising 980 1,111 1,866 2,189
Data processing 2,751 2,759 5,565 5,255
Legal, accounting and professional fees 3,503 3,979 6,502 10,967
FDIC insurance 1,609 1,980 4,037 3,404
Other expenses 3,131 4,491 6,604 8,234
Total noninterest expense 35,494 34,892 73,481 72,239
Income Before Income Tax Expense 64,680 38,289 122,723 69,734
Income Tax Expense 16,687 9,433 31,261 17,755
Net Income $ 47,993 $ 28,856 $ 91,462 $ 51,979
Earnings Per Common Share        
Basic net income per common share (in dollars per share) $ 1.50 $ 0.90 $ 2.87 $ 1.60
Diluted net income per common share (in dollars per share) $ 1.50 $ 0.90 $ 2.86 $ 1.60