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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Interest and fees on loans $ 96,755 $ 97,821
Interest and dividends on investment securities 5,427 5,598
Interest on balances with other banks and short-term investments 1,559 1,666
Interest on federal funds sold 60 49
Total interest income 103,801 105,134
Interest Expense    
Interest on deposits 20,546 20,900
Interest on customer repurchase agreements 87 98
Interest on short-term borrowings 357 140
Interest on long-term borrowings 3,067 2,979
Total interest expense 24,057 24,117
Net interest income 79,744 81,017
Provision for Credit Losses 14,310 3,360
Provision for Unfunded Commitments 2,112  
Net Interest Income After Provision For Credit Losses 63,322 77,657
Noninterest Income    
Service charges on deposits 1,425 1,694
Gain on sale of loans 944 1,388
Gain on sale of investment securities 822 912
Increase in the cash surrender value of bank owned life insurance 414 425
Other income 1,865 1,872
Total noninterest income 5,470 6,291
Noninterest Expense    
Salaries and employee benefits 17,797 23,644
Premises and equipment expenses 3,821 3,852
Marketing and advertising 1,078 1,148
Data processing 2,496 2,375
Legal, accounting and professional fees 6,988 1,709
FDIC insurance 1,424 1,116
Other expenses 3,743 4,460
Total noninterest expense 37,347 38,304
Income Before Income Tax Expense 31,445 45,644
Income Tax Expense 8,322 11,895
Net Income $ 23,123 $ 33,749
Earnings Per Common Share    
Basic (in dollars per share) $ 0.70 $ 0.98
Diluted (in dollars per share) $ 0.70 $ 0.98