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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Loans $ 147,786,000 $ 144,804,000
Investment securities 20,238,000 16,006,000
Other short-term investments 2,203,000 1,680,000
Total interest income 170,227,000 162,490,000
Interest Expense    
Deposits 17,117,000 16,602,000
Borrowed funds 5,841,000 3,551,000
Senior and subordinated debt 3,694,000 3,313,000
Total interest expense 26,652,000 23,466,000
Net interest income 143,575,000 139,024,000
Provision for loan losses 39,532,000 10,444,000
Net interest income after provision for loan losses 104,043,000 128,580,000
Noninterest Income    
Wealth management fees 12,361,000 11,600,000
Service charges on deposit accounts 11,781,000 11,540,000
Capital market products income 4,722,000 1,279,000
Card-based fees 3,968,000 4,378,000
Mortgage banking income 1,788,000 1,004,000
Other service charges, commissions, and fees 2,682,000 2,611,000
Net securities losses 1,005,000 0
Other income 3,065,000 2,494,000
Total noninterest income 39,362,000 34,906,000
Noninterest Expense    
Salaries and employee benefits 62,859,000 57,373,000
Net occupancy and equipment expense 14,227,000 13,797,000
Professional services 10,390,000 7,087,000
Technology and related costs 8,548,000 6,270,000
Net OREO expense 420,000 681,000
Other expenses 15,415,000 12,953,000
Acquisition and integration related expenses 5,472,000 3,691,000
Delivering Excellence implementation costs 0 258,000
Total noninterest expense 117,331,000 102,110,000
Income before income tax expense 26,074,000 61,376,000
Income tax expense 6,468,000 15,318,000
Net income $ 19,606,000 $ 46,058,000
Per Common Share Data    
Basic earnings per common share (in dollars per share) $ 0.18 $ 0.43
Diluted earnings per common share (in dollars per share) 0.18 0.43
Dividends declared per common share (in dollars per share) $ 0.14 $ 0.12
Weighted-average common shares outstanding (in Shares) 109,922 105,770
Weighted-average diluted common shares outstanding (in Shares) 110,365 105,770