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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME:        
Interest and fees on loans $ 70,588 $ 66,372 $ 203,902 $ 195,299
Interest on investment securities:        
Taxable 12,122 12,063 33,834 40,748
Exempt from federal income tax 14,249 12,877 42,058 34,721
Interest on federal funds sold and interest-bearing demand deposits in banks 239 61 616 903
Total interest income 97,198 91,373 280,410 271,671
INTEREST EXPENSE:        
Interest on deposits 1,340 2,063 4,595 11,293
Other 76 100 260 1,030
Total interest expense 1,416 2,163 4,855 12,323
Net interest income 95,782 89,210 275,555 259,348
PROVISION FOR CREDIT LOSSES 0 9,000 (3,203) 27,550
Net interest income after provisions for credit losses 95,782 80,210 278,758 231,798
NONINTEREST INCOME:        
Trust fees 9,484 7,461 26,475 21,859
Service charges on deposit accounts 5,673 5,009 15,394 15,242
ATM, interchange and credit card fees 9,793 8,644 28,323 24,093
Gain on sale and fees on mortgage loans 8,788 15,228 26,973 32,756
Net gain on sale of available-for-sale securities 1 36 814 3,610
Net gain on sale of foreclosed assets 27 19 83 72
Net gain (loss) on sale of assets (6) (2) 213 90
Interest on loan recoveries 1,746 202 2,832 621
Other 2,220 1,978 6,166 5,883
Total noninterest income 37,726 38,575 107,273 104,226
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 37,090 33,649 107,067 94,105
Net occupancy expense 3,288 3,193 9,676 9,321
Equipment expense 2,450 2,157 6,791 6,242
FDIC insurance premiums 815 587 2,282 1,095
ATM, interchange and credit card expenses 2,935 2,829 8,746 8,424
Professional and service fees 2,406 2,237 6,936 7,327
Printing, stationery and supplies 432 615 1,246 1,714
Operational and other losses 1,087 621 1,908 1,925
Software amortization and expense 2,855 2,265 8,303 6,299
Amortization of intangible assets 398 490 1,222 1,507
Other 9,183 6,950 25,859 26,274
Total noninterest expense 62,939 55,593 180,036 164,233
EARNINGS BEFORE INCOME TAXES 70,569 63,192 205,995 171,791
INCOME TAX EXPENSE 11,641 10,335 33,770 28,233
NET EARNINGS $ 58,928 $ 52,857 $ 172,225 $ 143,558
NET EARNINGS PER SHARE, BASIC $ 0.41 $ 0.37 $ 1.21 $ 1.01
NET EARNINGS PER SHARE, DILUTED 0.41 0.37 1.20 1.01
DIVIDENDS PER SHARE $ 0.15 $ 0.13 $ 0.43 $ 0.38