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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 79,714 $ 78,565
Interest and dividends on taxable investments 15,175 15,329
Interest and dividends on nontaxable investments 2,776 3,101
Total interest income 97,665 96,995
Interest expense:    
Interest on deposits 3,112 5,545
Interest on borrowings 268 558
Interest on subordinated notes payable 38 185
Interest on subordinated debt held by unconsolidated subsidiary trusts 293 653
Total interest expense 3,711 6,941
Net interest income 93,954 90,054
Provision for credit losses (5,719) 5,594
Net interest income after provision for credit losses 99,673 84,460
Noninterest revenues:    
Deposit service fees 14,080 16,283
Mortgage banking 688 916
Other banking services 854 895
Employee benefit services 26,533 25,366
Insurance services 8,153 8,058
Wealth management services 8,199 7,134
Unrealized gain (loss) on equity securities 24 (30)
Total noninterest revenues 58,531 58,622
Noninterest expenses:    
Salaries and employee benefits 57,632 58,251
Occupancy and equipment 11,300 10,739
Data processing and communications 12,391 10,413
Amortization of intangible assets 3,351 3,667
Legal and professional fees 3,034 3,151
Business development and marketing 2,030 2,513
Acquisition expenses 27 369
Other expenses 3,481 4,560
Total noninterest expenses 93,246 93,663
Income before income taxes 64,958 49,419
Income taxes 12,108 9,285
Net income $ 52,850 $ 40,134
Basic earnings per share (in dollars per share) $ 0.98 $ 0.77
Diluted earnings per share (in dollars per share) $ 0.97 $ 0.76