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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Document Period End Date Mar. 31, 2021  
Interest income    
Loans, including fees $ 98,931 $ 115,775
Investment securities    
Taxable 18,607 19,005
Tax-exempt 5,043 4,582
Total interest on investment securities 23,650 23,587
Other earning assets 28 142
Total interest income 122,609 139,504
Interest expense    
Deposits 4,333 16,365
Short-term borrowings 67 5,087
Long-term borrowings 4,333 3,770
Total interest expense 8,733 25,222
Net interest income 113,876 114,282
Provision for Credit Losses 3,450 23,880
Provision for credit losses 538 1,568
Net interest income after provision for loan and lease losses 109,888 88,834
Noninterest income    
Service Charges on Deposit Accounts 7,146 8,435
Trust and wealth management fees 4,398 4,469
Bankcard income 3,128 2,698
Client derivative fees 1,556 3,105
Foreign exchange income 10,757 9,966
Net gain from sales of loans 9,454 2,831
Net gain (loss) on sales/transfers of investment securities (166) (59)
Equity Securities, FV-NI, Unrealized Gain (Loss) 112 (98)
Other 3,937 4,037
Total noninterest income 40,322 35,384
Noninterest expenses    
Salaries and employee benefits 61,253 54,822
Net occupancy 5,704 6,104
Furniture and equipment 3,969 4,053
Data processing 7,287 6,389
Marketing 1,361 1,220
Communication 838 890
Professional services 1,450 2,275
State intangible tax 1,202 1,516
FDIC assessments 1,349 1,405
Intangible assets amortization 2,479 2,792
Other 5,614 8,200
Total noninterest expenses 92,506 89,666
Income before income taxes 57,704 34,552
Income tax expense 10,389 5,924
Net income $ 47,315 $ 28,628
Earnings per common share    
Basic $ 0.49 $ 0.29
Diluted $ 0.48 $ 0.29
Average common shares outstanding - basic 96,873,940 97,736,690
Average common shares outstanding - diluted 97,727,527 98,356,214