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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, including fees $ 158,928 $ 188,310 $ 334,452 $ 372,054
Investment securities:        
Taxable 15,171 15,935 31,465 31,370
Tax-exempt 5,323 3,271 10,031 6,550
Loans held for sale 509 350 829 590
Other interest income 766 2,168 3,297 4,170
Total Interest Income 180,697 210,034 380,074 414,734
INTEREST EXPENSE        
Deposits 17,118 32,548 43,558 62,237
Short-term borrowings 517 4,462 4,590 8,044
Long-term borrowings 10,307 8,480 18,426 16,594
Total Interest Expense 27,942 45,490 66,574 86,875
Net Interest Income 152,754 164,544 313,500 327,859
Provision for credit losses 19,570 5,025 63,600 10,125
Net Interest Income After Provision for Credit Losses 133,184 159,519 249,900 317,734
NON-INTEREST INCOME        
Non-interest income before investment securities gains 52,917 54,139 107,515 100,825
Investment securities gains, net 3,005 176 3,051 241
Total Non-Interest Income 55,922 54,315 110,566 101,066
NON-INTEREST EXPENSE        
Salaries and employee benefits 81,012 78,991 161,240 156,748
Net occupancy 13,144 14,469 26,630 27,378
Data processing and software 12,193 11,268 23,838 21,621
Other outside services 7,600 11,259 15,481 19,611
Amortization of tax credit investments 1,450 1,492 2,900 2,983
Intangible amortization 132 107 264 214
Prepayment penalty on FHLB advances 2,878 0 2,878 0
Professional fees 3,331 2,970 7,533 6,930
Marketing 3,193 3,299 6,611 6,641
FDIC insurance 2,133 2,755 4,941 5,364
Taxes, Other 3,088 2,480 5,891 4,482
Marketing 1,303 2,863 2,882 5,023
Other 11,549 12,215 24,469 24,997
Total Non-Interest Income 143,006 144,168 285,558 281,992
Income Before Income Taxes 46,100 69,666 74,909 136,808
Income taxes 6,542 9,887 9,303 20,366
Net Income $ 39,559 $ 59,779 $ 65,606 $ 116,442
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.24 $ 0.36 $ 0.40 $ 0.69
Net Income (Diluted) (in dollars per share) 0.24 0.35 0.40 0.68
Cash Dividends (in dollars per share) $ 0.13 $ 0.13 $ 0.26 $ 0.26
Investment management and trust services        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 13,407 $ 14,153 $ 28,462 $ 27,392
Other service charges and fees        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 16,748 19,018 35,167 34,268
Service charges on deposit accounts        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 9,138 12,367 20,377 23,744
Mortgage banking income        
NON-INTEREST INCOME        
Non-interest income before investment securities gains 9,964 6,593 16,198 11,365
Other        
NON-INTEREST INCOME        
Non-interest income before investment securities gains $ 3,660 $ 2,008 $ 7,311 $ 4,056