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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest Income        
Loans $ 140,819,000 $ 157,680,000 $ 288,605,000 $ 302,484,000
Investment securities 20,386,000 18,005,000 40,624,000 34,011,000
Other short-term investments 839,000 1,997,000 3,042,000 3,677,000
Total interest income 162,044,000 177,682,000 332,271,000 340,172,000
Interest Expense        
Deposits 10,077,000 19,316,000 27,194,000 35,918,000
Borrowed funds 3,156,000 4,459,000 8,997,000 8,010,000
Senior and subordinated debt 3,577,000 3,595,000 7,271,000 6,908,000
Total interest expense 16,810,000 27,370,000 43,462,000 50,836,000
Net interest income 145,234,000 150,312,000 288,809,000 289,336,000
Provision for loan losses 32,649,000 11,491,000 72,181,000 21,935,000
Net interest income after provision for loan losses 112,585,000 138,821,000 216,628,000 267,401,000
Noninterest Income        
Wealth management fees 11,942,000 12,190,000 24,303,000 23,790,000
Service charges on deposit accounts 9,125,000 12,196,000 20,906,000 23,736,000
Mortgage banking income 3,477,000 1,901,000 5,265,000 2,905,000
Card-based fees 3,180,000 4,549,000 7,148,000 8,927,000
Other service charges, commissions, and fees 2,078,000 2,783,000 4,760,000 5,394,000
Capital market products income 694,000 2,154,000 5,416,000 3,433,000
Net securities losses 0 0 (1,005,000) 0
Other income 2,495,000 2,753,000 5,560,000 5,247,000
Total noninterest income 32,991,000 38,526,000 72,353,000 73,432,000
Noninterest Expense        
Salaries and employee benefits 63,672,000 58,692,000 126,531,000 116,065,000
Net occupancy and equipment expense 15,116,000 12,294,000 29,343,000 26,091,000
Technology and related costs 9,853,000 7,128,000 18,401,000 13,398,000
Professional services 8,880,000 9,624,000 19,270,000 16,711,000
Net OREO expense 126,000 294,000 546,000 975,000
Other expenses 17,434,000 16,154,000 32,849,000 29,107,000
Acquisition and integration related expenses 5,249,000 9,514,000 10,721,000 13,205,000
Delivering Excellence implementation costs 0 442,000 0 700,000
Total noninterest expense 120,330,000 114,142,000 237,661,000 216,252,000
Income before income tax expense 25,246,000 63,205,000 51,320,000 124,581,000
Income tax expense 6,182,000 16,191,000 12,650,000 31,509,000
Net income 19,064,000 47,014,000 38,670,000 93,072,000
Preferred dividends (1,037,000) 0 (1,037,000) 0
Net income applicable to unvested restricted shares (187,000) (389,000) (379,000) (792,000)
Net income applicable to common shares $ 17,840,000 $ 46,625,000 $ 37,254,000 $ 92,280,000
Per Common Share Data        
Basic earnings per common share (in dollars per share) $ 0.16 $ 0.43 $ 0.33 $ 0.86
Diluted earnings per common share (in dollars per share) 0.16 0.43 0.33 0.86
Dividends declared per common share (in dollars per share) $ 0.14 $ 0.14 $ 0.28 $ 0.26
Weighted-average common shares outstanding (in Shares) 113,145 108,467 111,533 107,126
Weighted-average diluted common shares outstanding (in Shares) 113,336 108,467 111,872 107,126