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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on loans $ 64,394 $ 68,313
Interest and dividends on investments:    
Taxable interest 6,478 5,364
Interest exempt from federal income taxes 126 164
Dividends 135 143
Interest on bank deposits 111 77
Total interest income 71,244 74,061
Interest Expense    
Interest on deposits 813 2,052
Interest on short-term borrowings 21 31
Interest on subordinated debentures 2,129 2,128
Interest on other long-term debt 52 346
Interest on lease obligations 57 62
Total interest expense 3,072 4,619
Net Interest Income 68,172 69,442
Provision for credit losses 1,964 (4,390)
Net Interest Income after Provision for Credit Losses 66,208 73,832
Noninterest Income    
Net securities gains 2 6
Trust income 2,713 2,516
Service charges on deposit accounts 4,615 4,047
Insurance and retail brokerage commissions 2,272 2,172
Income from bank owned life insurance 1,508 1,951
Gain on sale of mortgage loans 1,282 5,046
Gain on sale of other loans and assets 2,319 1,690
Card-related interchange income 6,490 6,427
Derivatives mark to market 347 1,430
Swap fee income 453 146
Other income 1,975 1,924
Total noninterest income 23,976 27,355
Noninterest Expense    
Salaries and employee benefits 30,932 28,671
Net occupancy expense 4,787 4,773
Furniture and equipment expense 3,730 3,948
Data processing expense 3,188 3,052
Advertising and promotion 1,226 1,324
Intangible amortization 1,005 832
Intangible amortization 862 866
Other professional fees and services 1,221 751
FDIC insurance 698 696
Loss on sale or write-down of assets 75 9
Litigation and operational losses 600 479
COVID-19 Related Expenses 17 74
Branch consolidation expenses 98 40
Other Noninterest Expense 7,285 6,344
Total noninterest expense 55,724 51,859
Income Before Income Taxes 34,460 49,328
Income tax provision 6,734 9,558
Net Income $ 27,726 $ 39,770
Average Shares Outstanding (in shares) 94,078,699 96,026,866
Average Shares Outstanding Assuming Dilution (in shares) 94,311,324 96,233,647
Per Share Data:    
Basic Earnings per Share (in dollars per share) $ 0.29 $ 0.41
Diluted Earnings per Share (in dollars per share) 0.29 0.41
Cash Dividends Declared per Common Share (in dollars per share) $ 0.115 $ 0.110