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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest Income:        
Interest and fees on loans $ 106,279 $ 79,464 $ 182,161 $ 159,861
Interest on loans held for sale 405 381 696 573
Interest on deposits with banks 155 428 335 622
Interest and dividends on investment securities:        
Taxable 6,650 5,396 12,782 11,081
Exempt from federal income taxes 1,438 1,544 2,810 3,254
Interest on federal funds sold 0 1 1 6
Total interest income 114,927 87,214 198,785 175,397
Interest Expense:        
Interest on deposits 12,284 16,146 25,802 30,626
Interest on retail repurchase agreements and federal funds purchased 600 290 1,180 688
Interest on advances from FHLB (2,123) 4,103 1,022 10,167
Interest on subordinated debt 2,652 490 4,933 981
Total interest expense 13,413 21,029 32,937 42,462
Net interest income 101,514 66,185 165,848 132,935
Provision for credit losses 58,686 1,633 83,155 1,505
Net interest income after provision for loan losses 42,828 64,552 82,693 131,430
Investment securities gains 212 5 381 5
Insurance agency commissions 1,188 1,265 3,317 3,165
Income from bank owned life insurance 809 654 1,454 1,843
Other income 2,205 1,914 3,858 4,136
Total non-interest income 22,924 16,556 41,092 33,525
Non-interest Expenses:        
Salaries and employee benefits 34,297 25,489 62,350 51,465
Occupancy expense of premises 5,991 4,760 10,572 9,991
Equipment Expense 3,219 2,712 5,970 5,288
Marketing 729 887 1,918 1,830
Outside data services 2,169 1,962 3,751 3,740
FDIC insurance 1,378 1,084 1,860 2,220
Amortization of intangible assets 1,998 483 2,598 974
Merger and acquisition expenses 22,454 0 23,908 0
Professional fees and services 1,840 1,634 3,666 2,879
Other Expense 11,363 4,876 16,591 9,692
Total non-interest expenses 85,438 43,887 133,184 88,079
Income/ (loss) before income taxes (19,686) 37,221 (9,399) 76,876
Income tax expense (5,348) 8,945 (5,048) 18,283
Net income/ (loss) $ (14,338) $ 28,276 $ (4,351) $ 58,593
Per share information:        
Basic net income/ (loss) per share $ (0.31) $ 0.79 $ (0.11) $ 1.64
Diluted net income/ (loss) per share (0.31) 0.79 (0.11) 1.63
Dividends declared per share $ 0.30 $ 0.30 $ 0.60 $ 0.58
Service charges on deposit accounts [Member]        
Fees, comminssions and banking services $ 1,223 $ 2,442 $ 3,476 $ 4,749
Mortgage banking activities [Member]        
Fees, comminssions and banking services 8,426 3,270 11,459 6,133
Wealth management income [Member]        
Fees, comminssions and banking services 7,604 5,539 14,570 10,775
Bank card fees [member]        
Fees, comminssions and banking services $ 1,257 $ 1,467 $ 2,577 $ 2,719