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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 $ 175,523 $ 183,744
Investment securities:    
Taxable 16,294 15,435
Tax-exempt 4,709 3,279
Loans held for sale 320 240
Other interest income 2,532 2,002
Total Interest Income 199,378 204,700
INTEREST EXPENSE    
Deposits 26,440 29,689
Short-term borrowings 4,073 3,582
Long-term borrowings 8,119 8,114
Total Interest Expense 38,632 41,385
Net Interest Income 160,746 163,315
Provision for credit losses 44,030 5,100
Net Interest Income After Provision for Credit Losses 116,716 158,215
NON-INTEREST INCOME    
Non-interest income before investment securities gains 54,598 46,686
Investment securities gains, net 46 65
Total Non-Interest Income 54,644 46,751
NON-INTEREST EXPENSE    
Salaries and employee benefits 80,228 77,757
Net occupancy 13,486 12,909
Professional fees 11,645 10,353
Other outside services 7,881 8,352
Amortization of tax credit investments 1,450 1,491
Intangible amortization 132 107
Professional fees 4,202 3,960
Marketing 3,418 3,342
Prepayment penalty on FHLB advances 2,808 2,609
Taxes, Other 2,804 2,002
Marketing 1,579 2,160
Other 12,919 12,782
Total Non-Interest Expense 142,552 137,824
Income Before Income Taxes 28,808 67,142
Income taxes 2,761 10,479
Net Income $ 26,047 $ 56,663
PER SHARE:    
Net Income (Basic) (in dollars per share) $ 0.16 $ 0.33
Net Income (Diluted) (in dollars per share) 0.16 0.33
Cash Dividends (in dollars per share) $ 0.13 $ 0.13
Investment management and trust services    
NON-INTEREST INCOME    
Non-interest income before investment securities gains $ 15,055 $ 13,239
Other service charges and fees    
NON-INTEREST INCOME    
Non-interest income before investment securities gains 18,419 15,250
Service charges on deposit accounts    
NON-INTEREST INCOME    
Non-interest income before investment securities gains 11,239 11,377
Mortgage banking income    
NON-INTEREST INCOME    
Non-interest income before investment securities gains 6,234 4,772
Other    
NON-INTEREST INCOME    
Non-interest income before investment securities gains $ 3,651 $ 2,048