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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:          
Loans and leases $ 246,722 $ 244,529 $ 240,811 $ 732,795 $ 750,940
Investment securities 40,780 33,954 24,443 104,999 77,927
Deposits in financial institutions 2,580 2,022 654 6,130 2,448
Total interest income 290,082 280,505 265,908 843,924 831,315
Interest expense:          
Deposits 6,417 7,269 9,887 21,186 51,209
Borrowings 101 265 27 559 8,124
Subordinated debt 7,722 6,663 4,670 18,760 16,632
Total interest expense 14,240 14,197 14,584 40,505 75,965
Net interest income 275,842 266,308 251,324 803,419 755,350
Provision for credit losses (20,000) (88,000) 97,000 (156,000) 329,000
Net interest income after provision for credit losses 295,842 354,308 154,324 959,419 426,350
Noninterest income:          
Leased equipment income 11,792 10,704 10,541 31,654 30,373
Other commissions and fees 10,943 10,847 9,900 33,144 34,188
Service charges on deposit accounts 3,407 3,452 2,570 9,793 7,232
Gain on sale of loans and leases 0 1,422 35 1,561 468
Gain on sale of securities 515 0 5,270 616 13,167
Other income 24,688 13,946 9,936 59,777 20,782
Total noninterest income 51,345 40,371 38,252 136,545 106,210
Noninterest expense:          
Compensation 98,061 90,807 75,131 268,750 198,323
Occupancy 14,928 14,784 14,771 43,766 43,472
Leased equipment depreciation 8,603 8,614 7,057 26,186 21,364
Data processing 7,391 7,758 6,505 22,106 20,061
Other professional services 5,164 5,256 4,713 15,546 13,117
Insurance and assessments 3,685 3,745 3,939 12,333 17,561
Customer related expense 4,538 4,973 4,762 14,329 13,102
Loan expense 4,180 4,031 3,499 11,404 9,528
Intangible asset amortization 2,890 2,889 3,751 8,858 11,581
Acquisition, integration and reorganization costs 200 200 0 3,825 0
Foreclosed assets expense (income), net 165 (119) 335 47 255
Goodwill impairment 0 0 0 0 1,470,000
Other expense 9,616 8,812 8,939 34,157 29,973
Total noninterest expense 159,421 151,750 133,402 461,307 1,848,337
Earnings (loss) before income taxes 187,766 242,929 59,174 634,657 (1,315,777)
Income tax expense (47,770) (62,417) (13,671) (163,743) (38,627)
Net earnings (loss) $ 139,996 $ 180,512 $ 45,503 $ 470,914 $ (1,354,404)
Earnings (loss) per share:          
Basic (usd per share) $ 1.17 $ 1.52 $ 0.38 $ 3.96 $ (11.60)
Diluted (usd per share) $ 1.17 $ 1.52 $ 0.38 $ 3.96 $ (11.60)