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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Loans $ 115,672 $ 127,011 $ 236,277 $ 253,312
Securities        
Taxable 6,418 7,730 13,720 15,655
Tax-exempt 1,670 1,291 3,124 2,700
Other 195 1,830 1,007 3,289
Total interest income 123,955 137,862 254,128 274,956
Interest expense        
Deposits 13,871 20,991 32,366 40,763
Borrowings 4,302 4,071 9,378 8,246
Total interest expense 18,173 25,062 41,744 49,009
Net interest income 105,782 112,800 212,384 225,947
Provision for credit losses on loans 26,900 900 53,250 2,400
Net interest income after provision for credit losses on loans 78,882 111,900 159,134 223,547
Noninterest income        
Service charges on deposit accounts 6,832 8,605 15,902 17,707
Fees and commissions 2,971 7,047 6,025 13,518
Insurance commissions 2,125 2,190 4,116 4,306
Wealth management revenue 3,824 3,601 7,826 6,925
Mortgage banking income 45,490 16,620 61,025 27,021
Net gain (loss) on sales of securities 31 (8) 31 5
BOLI income 1,329 1,340 2,492 2,748
Other 1,568 2,565 4,323 5,615
Total noninterest income 64,170 41,960 101,740 77,845
Noninterest expense        
Salaries and employee benefits 79,361 60,325 152,550 117,675
Data processing 5,047 4,698 10,053 9,604
Net occupancy and equipment 13,511 11,544 27,631 23,379
Other real estate owned 620 252 1,038 1,256
Professional fees 2,517 2,431 5,159 4,885
Advertising and public relations 2,920 2,648 6,320 5,515
Intangible amortization 1,834 2,053 3,729 4,163
Communications 2,181 2,348 4,379 4,243
Extinguishment of debt 90 0 90 0
Merger and conversion related expenses 0 179 0 179
Other 10,204 6,812 22,377 11,223
Noninterest expense 118,285 93,290 233,326 182,122
Income (loss) before income taxes 24,767 60,570 27,548 119,270
Income taxes 4,637 13,945 5,410 27,535
Net income (loss) $ 20,130 $ 46,625 $ 22,138 $ 91,735
Basic earnings per share (usd per share) $ 0.36 $ 0.80 $ 0.39 $ 1.57
Diluted earnings per share (usd per share) 0.36 0.80 0.39 1.56
Cash dividends per common share (usd per share) $ 0.22 $ 0.22 $ 0.44 $ 0.43