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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Loans receivable:        
Taxable $ 87,002 $ 87,312 $ 172,107 $ 183,964
Tax exempt 5,545 5,359 10,884 10,674
Investment securities:        
Taxable 7,440 6,147 14,135 13,778
Tax exempt 13,071 10,019 25,456 19,354
Deposits with financial institutions 129 134 243 709
Federal Home Loan Bank stock 88 281 266 580
Total Interest Income 113,275 109,252 223,091 229,059
INTEREST EXPENSE        
Deposits 5,823 12,707 12,023 34,455
Federal funds purchased 2 2 4 113
Securities sold under repurchase agreements 75 92 162 444
Federal Home Loan Bank advances 1,452 1,794 2,894 3,568
Subordinated debentures and other borrowings 1,659 1,639 3,316 3,584
Total Interest Expense 9,011 16,234 18,399 42,164
NET INTEREST INCOME 104,264 93,018 204,692 186,895
Provision for credit losses - loans 0 21,895 0 41,647
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 104,264 71,123 204,692 145,248
OTHER INCOME        
Net gains and fees on sales of loans 8,325 3,674 12,311 7,037
Increase in cash surrender value of life insurance 1,205 1,231 2,394 2,591
Gains on life insurance benefits 0 95 147 95
Net realized gains on sales of available for sale securities 1,761 3,068 3,560 7,680
Other income 1,017 1,028 1,249 1,293
Total Other Income 30,884 26,481 54,975 56,280
OTHER EXPENSES        
Salaries and employee benefits 42,438 35,698 81,249 74,941
Net occupancy 5,615 5,447 12,106 11,248
Equipment 4,848 4,489 9,878 8,833
Marketing 1,122 2,092 2,246 3,535
Outside data processing fees 4,698 2,618 8,942 6,817
Printing and office supplies 313 279 596 666
Amortization of Intangible Assets 1,464 1,511 2,821 3,025
FDIC assessments 1,461 1,472 2,829 2,995
Other real estate owned and foreclosure expenses 178 684 912 1,189
Professional and other outside services 2,976 1,553 5,519 3,811
Other expenses 4,182 4,146 8,295 9,100
Total Other Expenses 69,295 59,989 135,393 126,160
INCOME BEFORE INCOME TAX 65,853 37,615 124,274 75,368
Income tax expense 10,294 4,623 19,246 8,113
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 55,559 $ 32,992 $ 105,028 $ 67,255
Earnings Per Share [Abstract]        
Basic Net Income Available to Common Stockholders (in dollars per share) $ 1.03 $ 0.62 $ 1.95 $ 1.24
Diluted Net Income Available to Common Stockholders (in dollars per share) 1.03 0.62 1.94 1.24
Cash Dividends Paid (in dollars per share) $ 0.29 $ 0.26 $ 0.55 $ 0.52
Average Diluted Shares Outstanding (in shares) 54,184,424 53,942,567 54,159,332 54,429,519
Service charges on deposit accounts        
OTHER INCOME        
Other income $ 5,596 $ 4,312 $ 10,860 $ 10,282
Fiduciary and wealth management fees        
OTHER INCOME        
Other income 7,510 5,601 13,932 11,586
Card payment fees        
OTHER INCOME        
Other income 4,159 6,097 8,526 12,004
Derivative hedge fees        
OTHER INCOME        
Other income 943 1,042 1,260 2,981
Other customer fees        
OTHER INCOME        
Other income $ 368 $ 333 $ 736 $ 731