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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Interest and fees on loans $ 68,313 $ 71,740
Interest and dividends on investments:    
Taxable interest 5,364 6,973
Interest exempt from federal income taxes 164 315
Dividends 143 264
Interest on bank deposits 77 37
Total interest income 74,061 79,329
Interest Expense    
Interest on deposits 2,052 8,449
Interest on short-term borrowings 31 588
Interest on subordinated debentures 2,128 2,146
Interest on other long-term debt 346 355
Interest on lease obligations 62 67
Total interest expense 4,619 11,605
Net Interest Income 69,442 67,724
Provision for credit losses (4,390) 30,967
Net Interest Income after Provision for Credit Losses 73,832 36,757
Noninterest Income    
Net securities gains 6 19
Trust income 2,516 2,111
Service charges on deposit accounts 4,047 4,745
Insurance and retail brokerage commissions 2,172 1,995
Income from bank owned life insurance 1,951 1,616
Gain on sale of mortgage loans 5,046 2,546
Gain on sale of other loans and assets 1,690 699
Card-related interchange income 6,427 5,262
Derivatives mark to market 1,430 (1,741)
Swap fee income 146 214
Other income 1,924 1,807
Total noninterest income 27,355 19,273
Noninterest Expense    
Salaries and employee benefits 28,671 29,977
Net occupancy expense 4,773 4,973
Furniture and equipment expense 3,948 3,778
Data processing expense 3,052 2,467
Advertising and promotion 1,324 1,150
Contribution Expense 731 472
Intangible amortization 832 738
Intangible amortization 866 934
Other professional fees and services 751 898
FDIC insurance 696 28
Loss on sale or write-down of assets 9 213
Litigation and operational losses 479 390
COVID-19 Related Expenses 74 23
Branch consolidation expenses 40 0
Other Noninterest Expense 5,613 4,230
Total noninterest expense 51,859 50,271
Income Before Income Taxes 49,328 5,759
Income tax provision 9,558 1,032
Net Income $ 39,770 $ 4,727
Average Shares Outstanding (in shares) 96,026,866 98,123,627
Average Shares Outstanding Assuming Dilution (in shares) 96,233,647 98,361,494
Per Share Data:    
Basic Earnings per Share (in dollars per share) $ 0.41 $ 0.05
Diluted Earnings per Share (in dollars per share) 0.41 0.05
Cash Dividends Declared per Common Share (in dollars per share) $ 0.11 $ 0.11