Business Segments (Tables)

12 Months Ended

Dec. 31, 2020

Financial Information by Business Segment

Condensed financial information by business segment is presented below:

(in thousands)	Community Banking		Trust and Investment Services		Consolidated
For the Year Ended December 31, 2020
Interest and dividend income	$	541,277	$	—	$	541,277
Interest expense		61,797		—		61,797
Net interest income		479,480		—		479,480
Provision for credit losses		107,741		—		107,741
Net interest income after provision for credit losses		371,739		—		371,739
Non-interest income		101,850		26,335		128,185
Non-interest expense		338,526		16,319		354,845
Income before provision for income taxes		135,063		10,016		145,079
Provision for income taxes		20,932		2,103		23,035
Net income		114,131		7,913		122,044
Preferred stock dividends		2,644		—		2,644
Net income available to common shareholders	$	111,487	$	7,913	$	119,400
For the Year Ended December 31, 2019
Interest and dividend income	$	484,253	$	—	$	484,253
Interest expense		84,349		—		84,349
Net interest income		399,904		—		399,904
Provision for credit losses		11,198		—		11,198
Net interest income after provision for credit losses		388,706		—		388,706
Non-interest income		90,137		26,579		116,716
Non-interest expense		295,747		16,461		312,208
Income before provision for income taxes		183,096		10,118		193,214
Provision for income taxes		32,216		2,125		34,341
Net income available to common shareholders	$	150,880	$	7,993	$	158,873
For the Year Ended December 31, 2018
Interest and dividend income	$	414,957	$	—	$	414,957
Interest expense		67,721		—		67,721
Net interest income		347,236		—		347,236
Provision for credit losses		7,764		—		7,764
Net interest income after provision for credit losses		339,472		—		339,472
Non-interest income		75,653		24,623		100,276
Non-interest expense		250,338		14,886		265,224
Income before provision for income taxes		164,787		9,737		174,524
Provision for income taxes		29,367		2,045		31,412
Net income available to common shareholders	$	135,420	$	7,692	$	143,112