XML 30 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME      
Loans, including fees $ 656,077 $ 737,932 $ 683,042
Investment securities:      
Taxable 58,173 62,556 56,044
Tax-exempt 21,047 14,218 12,076
Loans held for sale 2,077 1,351 1,159
Other interest income 5,504 9,249 6,193
Total Interest Income 742,878 825,306 758,514
INTEREST EXPENSE      
Deposits 70,045 131,775 87,712
Short-term borrowings 5,227 14,543 8,489
Long-term borrowings 38,398 30,599 31,857
Total Interest Expense 113,671 176,917 128,058
Net Interest Income 629,207 648,389 630,456
Provision for credit losses 76,920 32,825 46,907
Net Interest Income After Provision for Credit Losses 552,287 615,564 583,549
NON-INTEREST INCOME      
Non-interest income before investment securities gains 226,335 211,427 195,488
Investment securities gains, net 3,053 4,733 37
Total Non-Interest Income 229,388 216,160 195,525
NON-INTEREST EXPENSE      
Salaries and employee benefits 324,395 311,934 303,202
Net occupancy 53,013 52,826 51,678
Data processing and software 48,073 44,679 41,286
Other outside services 31,432 39,989 33,758
Equipment 13,885 13,575 13,243
Professional fees 12,835 13,134 14,161
State taxes 12,613 8,894 9,590
FDIC insurance 8,865 7,780 10,993
Amortization of TCI 6,126 6,021 11,449
Prepayment penalty on FHLB advances 2,878 4,326 0
Intangible amortization 529 1,427 0
Other 64,796 63,151 56,744
Total Non-Interest Expense 579,440 567,736 546,104
Income Before Income Taxes 202,235 263,988 232,970
Income taxes 24,194 37,649 24,577
Net Income 178,040 226,339 208,393
Preferred stock dividends (2,135) 0 0
Net Income Available to Common Shareholders $ 175,905 $ 226,339 $ 208,393
PER SHARE:      
Net Income (Basic) (in dollars per share) $ 1.08 $ 1.36 $ 1.19
Net Income (Diluted) (in dollars per share) 1.08 1.35 1.18
Cash Dividends (in dollars per share) $ 0.56 $ 0.56 $ 0.52
Commercial banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains $ 70,286 $ 71,117 $ 63,929
Consumer banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 41,598 49,503 48,422
Wealth management      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 59,058 55,678 52,148
Mortgage banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 42,309 23,099 19,026
Other      
NON-INTEREST INCOME      
Non-interest income before investment securities gains $ 13,084 $ 12,030 $ 11,963