XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
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 $ 107,428 $ 75,882
Interest on loans held for sale 537 291
Interest on deposits with banks 46 180
Interest and dividends on investment securities:    
Taxable 3,899 6,132
Tax-advantaged 2,351 1,372
Interest on federal funds sold 0 1
Total interest income 114,261 83,858
Interest expense:    
Interest on deposits 4,830 13,518
Interest on retail repurchase agreements and federal funds purchased 53 580
Interest on advances from FHLB 2,276 3,145
Interest on subordinated debt 2,502 2,281
Total interest expense 9,661 19,524
Net interest income 104,600 64,334
Provision/ (credit) for credit losses (34,708) 24,469
Net interest income after provision/ (credit) for credit losses 139,308 39,865
Non-interest income:    
Investment securities gains 58 169
Insurance agency commissions 2,153 2,129
Income from bank owned life insurance 680 645
Other income 3,706 1,653
Total non-interest income 28,866 18,168
Non-interest expense:    
Salaries and employee benefits 36,652 28,053
Occupancy expense of premises 5,487 4,581
Equipment expense 3,222 2,751
Marketing 1,212 1,189
Outside data services 2,283 1,582
FDIC insurance 1,492 482
Amortization of intangible assets 1,697 600
Merger and acquisition expense 45 1,454
Professional fees and services 1,731 1,826
Other expenses 14,352 5,228
Total non-interest expense 68,173 47,746
Income before income tax expense 100,001 10,287
Income tax expense 24,537 300
Net income $ 75,464 $ 9,987
Per share information:    
Basic net income per common share (in dollars per share) $ 1.59 $ 0.29
Diluted net income per common share (in dollars per share) 1.58 0.28
Dividends declared per share (in dollars per share) $ 0.32 $ 0.30
Service charges on deposit accounts    
Non-interest income:    
Fees and commissions, mortgage banking and servicing $ 1,852 $ 2,253
Mortgage banking activities    
Non-interest income:    
Fees and commissions, mortgage banking and servicing 10,169 3,033
Wealth management income    
Non-interest income:    
Fees and commissions, mortgage banking and servicing 8,730 6,966
Bank card fees    
Non-interest income:    
Fees and commissions, mortgage banking and servicing $ 1,518 $ 1,320