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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Document Period End Date     Jun. 30, 2021  
Interest income        
Loans, including fees $ 97,494 $ 105,900 $ 196,425 $ 221,675
Investment securities        
Taxable 19,524 18,476 38,131 37,481
Tax-exempt 4,871 4,937 9,914 9,519
Total interest on investment securities 24,395 23,413 48,045 47,000
Other earning assets 25 47 53 189
Total interest income 121,914 129,360 244,523 268,864
Interest expense        
Deposits 3,693 11,751 8,026 28,116
Short-term borrowings 53 1,274 120 6,361
Long-term borrowings 4,142 4,759 8,475 8,529
Total interest expense 7,888 17,784 16,621 43,006
Net interest income 114,026 111,576 227,902 225,858
Provision for Credit Losses (4,756) 17,859 (1,306) 41,739
Provision for credit losses 517 2,370 1,055 3,938
Net interest income after provision for loan and lease losses 118,265 91,347 228,153 180,181
Noninterest income        
Service Charges on Deposit Accounts 7,537 6,001 14,683 14,436
Trust and wealth management fees 6,216 5,254 11,846 10,951
Bankcard income 3,732 2,844 6,860 5,542
Client derivative fees 1,795 2,984 3,351 6,089
Foreign exchange income 12,037 6,576 22,794 16,542
Net gain from sales of loans 8,489 16,662 17,943 19,493
Net gain (loss) on sales/transfers of investment securities (265) 2 (431) (57)
Equity Securities, FV-NI, Unrealized Gain (Loss) 161 150 273 52
Other 3,285 2,252 5,990 5,061
Total noninterest income 42,987 42,725 83,309 78,109
Noninterest expenses        
Salaries and employee benefits 60,784 55,925 122,037 110,747
Net occupancy 5,535 5,378 11,239 11,482
Furniture and equipment 3,371 3,681 7,340 7,734
Data processing 7,864 7,019 15,151 13,408
Marketing 2,035 1,339 3,396 2,559
Communication 746 907 1,584 1,797
Professional services 2,029 2,205 3,479 4,480
State intangible tax 1,201 1,514 2,403 3,030
FDIC assessments 1,362 1,290 2,711 2,695
Intangible assets amortization 2,480 2,791 4,959 5,583
Other 12,236 6,640 17,850 14,840
Total noninterest expenses 99,643 88,689 192,149 178,355
Income before income taxes 61,609 45,383 119,313 79,935
Income tax expense 10,721 7,990 21,110 13,914
Net income $ 50,888 $ 37,393 $ 98,203 $ 66,021
Earnings per common share        
Basic $ 0.53 $ 0.38 $ 1.02 $ 0.68
Diluted $ 0.52 $ 0.38 $ 1.01 $ 0.67
Average common shares outstanding - basic 96,123,645 97,220,748 96,496,720 97,478,719
Average common shares outstanding - diluted 97,009,712 97,988,600 97,366,640 98,172,408