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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans, including fees $ 99,230 $ 102,805
Investment securities:    
Taxable 16,488 19,300
Tax-exempt 766 1,649
Other interest income 128 309
Total interest income 116,612 124,063
Interest expense:    
Savings deposits 3,235 4,243
Time deposits 5,970 4,378
Securities sold under repurchase agreements 465 589
Other borrowings 2,826 3,494
Junior subordinated deferrable interest debentures 1,273 1,950
Total interest expense 13,769 14,654
Net interest income 102,843 109,409
Provision for credit loss expenses 16,836 7,420
Net interest income after provision for credit losses 86,007 101,989
Non-interest income:    
Investment securities transactions, net (5) (4)
Other investments, net (231) 3,948
Other income 4,809 2,540
Total non-interest income 35,130 36,129
Non-interest expense:    
Employee compensation and benefits 36,330 36,409
Occupancy 6,899 6,377
Depreciation of bank premises and equipment 7,109 6,981
Professional fees 3,970 3,592
Deposit insurance assessments   783
Net expense, other real estate owned 3,002 995
Advertising 1,984 2,082
Software and software maintenance 4,491 4,497
Other 13,197 11,235
Total non-interest expense 76,982 72,951
Income before income taxes 44,155 65,167
Provision for income taxes 9,317 13,261
Net income $ 34,838 $ 51,906
Basic earnings per common share:    
Weighted average number of shares outstanding (in shares) 65,070,589 65,617,977
Net income (in dollars per share) $ 0.54 $ 0.79
Fully diluted earnings per common share:    
Weighted average number of shares outstanding (in shares) 65,228,824 65,831,162
Net income (in dollars per share) $ 0.53 $ 0.79
Services charges on deposit accounts    
Non-interest income:    
Service charges $ 17,637 $ 17,260
Other service charges, commissions and fees, Banking    
Non-interest income:    
Service charges 11,166 10,876
Other service charges, commissions and fees, Non-banking    
Non-interest income:    
Service charges $ 1,754 $ 1,509