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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Investment securities $ 27,306 $ 21,014
Residential real estate loans 10,146 11,526
Commercial loans 113,541 98,684
Consumer and other loans 10,559 11,641
Total interest income 161,552 142,865
Interest Expense    
Deposits 3,014 5,581
Securities sold under agreements to repurchase 689 989
Federal Home Loan Bank advances 0 346
Other borrowed funds 174 128
Subordinated debentures 863 1,452
Total interest expense 4,740 8,496
Net Interest Income 156,812 134,369
Credit loss expense 48 19,185
Net interest income after credit loss expense 156,764 115,184
Non-Interest Income    
Service charges and other fees 12,792 14,020
Miscellaneous loan fees and charges 2,778 1,285
Gain on sale of loans 21,624 11,862
Gain on sale of debt securities 284 863
Other income 2,643 5,242
Total non-interest income 40,121 33,272
Non-Interest Expense    
Compensation and employee benefits 62,468 59,660
Occupancy and equipment 9,515 9,219
Advertising and promotions 2,371 2,487
Data processing 5,206 5,282
Other real estate owned 12 112
Regulatory assessments and insurance 1,879 1,090
Core deposit intangibles amortization 2,488 2,533
Other expenses 12,646 15,104
Total non-interest expense 96,585 95,487
Income Before Income Taxes 100,300 52,969
Federal and state income tax expense 19,498 9,630
Net Income $ 80,802 $ 43,339
Basic earnings per share (in dollars per share) $ 0.85 $ 0.46
Diluted earnings per share (in dollars per share) 0.85 0.46
Dividends declared per share (in dollars per share) $ 0.31 $ 0.29
Average outstanding shares - basic (in shares) 95,465,801 93,287,670
Average outstanding shares - diluted (in shares) 95,546,922 93,359,792