XML 70 R5.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans and leases $ 61,526 $ 62,683
Investment securities, taxable 5,550 5,515
Investment securities, tax-exempt 264 385
Other 346 438
Total interest income 67,686 69,021
Interest expense:    
Deposits 10,851 11,470
Short-term borrowings 254 931
Subordinated notes 884 928
Long-term debt and mandatorily redeemable securities 853 744
Total interest expense 12,842 14,073
Net interest income 54,844 54,948
Provision for loan and lease losses 11,353 4,918
Net interest income after provision for loan and lease losses 43,491 50,030
Noninterest income:    
Mortgage banking 2,336 936
Insurance commissions 1,881 2,174
Income related to lease payments 6,630 7,982
Gains on investment securities available-for-sale 280 0
Other 2,669 2,456
Total noninterest income 24,622 24,124
Noninterest expense:    
Salaries and employee benefits 24,401 23,495
Net occupancy 2,721 2,772
Furniture and equipment 6,407 6,024
Professional fees 1,442 1,598
Supplies and communication 1,634 1,493
FDIC and other insurance 288 645
Business development and marketing 1,359 949
Loan and lease collection and repossession 763 1,361
Other 2,093 343
Total noninterest expense 46,535 45,204
Income before income taxes 21,578 28,950
Income tax expense 5,160 6,754
Net income 16,418 22,196
Net (income) loss attributable to noncontrolling interests (5) 0
Net income available to common shareholders $ 16,413 $ 22,196
Per common share:    
Basic net income per common share (in dollars per share) $ 0.64 $ 0.86
Diluted net income per common share (in dollars per share) 0.64 0.86
Cash dividends (in dollars per share) $ 0.29 $ 0.27
Basic weighted average common shares outstanding (in shares) 25,523,356 25,759,186
Diluted weighted average common shares outstanding (in shares) 25,523,356 25,759,186
Trust and wealth advisory    
Noninterest income:    
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 4,848 $ 4,858
Service charges on deposit accounts    
Noninterest income:    
Trust and wealth advisory, service charges on deposit accounts, and debit card income 2,605 2,498
Debit card    
Noninterest income:    
Trust and wealth advisory, service charges on deposit accounts, and debit card income 3,373 3,220
Leased equipment    
Noninterest expense:    
Depreciation - leased equipment $ 5,427 $ 6,524