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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans and leases $ 58,815 $ 65,599 $ 120,341 $ 128,282
Investment securities, taxable 4,487 5,186 10,037 10,701
Investment securities, tax-exempt 232 353 496 738
Other 316 499 662 937
Total interest income 63,850 71,637 131,536 140,658
Interest expense:        
Deposits 8,265 12,978 19,116 24,448
Short-term borrowings 90 540 344 1,471
Subordinated notes 835 928 1,719 1,856
Long-term debt and mandatorily redeemable securities 659 764 1,512 1,508
Total interest expense 9,849 15,210 22,691 29,283
Net interest income 54,001 56,427 108,845 111,375
Provision for loan and lease losses 10,375 4,247 21,728 9,165
Net interest income after provision for loan and lease losses 43,626 52,180 87,117 102,210
Noninterest income:        
Mortgage banking 3,315 999 5,651 1,935
Insurance commissions 1,695 1,518 3,576 3,692
Equipment rental 5,990 7,809 12,620 15,791
(Losses) gains on investment securities available-for-sale (1) 0 279 0
Other 3,142 3,301 5,811 5,757
Total noninterest income 25,241 25,664 49,863 49,788
Noninterest expense:        
Salaries and employee benefits 23,999 23,787 48,400 47,282
Net occupancy 2,504 2,481 5,225 5,253
Furniture and equipment 6,258 6,289 12,665 12,313
Professional fees 1,258 1,706 2,700 3,304
Supplies and communication 1,390 1,608 3,024 3,101
FDIC and other insurance 599 608 887 1,253
Business development and marketing 1,121 1,678 2,480 2,627
Loan and lease collection and repossession 838 230 1,601 1,591
Other 1,716 2,566 3,809 2,909
Total noninterest expense 44,825 47,353 91,360 92,557
Income before income taxes 24,042 30,491 45,620 59,441
Income tax expense 5,516 7,074 10,676 13,828
Net income 18,526 23,417 34,944 45,613
Net (income) loss attributable to noncontrolling interests (24) (32) (29) (32)
Net income available to common shareholders $ 18,502 $ 23,385 $ 34,915 $ 45,581
Per common share:        
Basic net income per common share (in dollars per share) $ 0.72 $ 0.91 $ 1.36 $ 1.76
Diluted net income per common share (in dollars per share) 0.72 0.91 1.36 1.76
Cash dividends (in dollars per share) $ 0.28 $ 0.27 $ 0.57 $ 0.54
Basic weighted average common shares outstanding (in shares) 25,540,855 25,615,718 25,532,105 25,687,056
Diluted weighted average common shares outstanding (in shares) 25,540,855 25,615,718 25,532,105 25,687,056
Trust and wealth advisory        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 5,589 $ 5,583 $ 10,437 $ 10,441
Service charges on deposit accounts        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income 1,910 2,785 4,515 5,283
Debit card        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income 3,601 3,669 6,974 6,889
Leased equipment        
Noninterest expense:        
Depreciation - leased equipment $ 5,142 $ 6,400 $ 10,569 $ 12,924