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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Loans $ 105,739 $ 112,656 $ 318,601 $ 337,657
Taxable securities 19,102 16,457 58,533 49,790
Tax-exempt securities 2,340 2,556 6,899 8,237
Deposits in banks 203 864 480 1,159
Total interest income 127,384 132,533 384,513 396,843
Interest Expense        
Deposits 2,005 6,863 7,741 16,337
FHLB advances 166 2,569 6,191 9,962
Subordinated debentures 468 468 1,404 1,404
Other borrowings 19 183 178 552
Total interest expense 2,658 10,083 15,514 28,255
Net Interest Income 124,726 122,450 368,999 368,588
Provision for credit losses 7,400 299 82,400 1,879
Net interest income after provision for credit losses 117,326 122,151 286,599 366,709
Noninterest Income        
Deposit account and treasury management fees 6,658 9,015 20,538 27,030
Card revenue 3,834 4,006 10,431 11,431
Financial services and trust revenue 3,253 3,226 9,481 9,608
Loan revenue 6,645 3,855 16,842 9,840
Bank owned life insurance 1,585 1,528 4,799 4,644
Investment securities gains, net 0 0 16,674 2,132
Other 497 6,400 2,173 10,689
Total noninterest income 22,472 28,030 80,938 75,374
Noninterest Expense        
Compensation and employee benefits 55,133 54,459 156,018 158,559
Occupancy 8,734 8,645 26,743 26,166
Data processing 4,510 5,102 14,804 14,372
Legal and professional fees 3,000 5,683 8,585 16,810
Amortization of intangibles 2,193 2,632 6,713 8,029
B&O taxes 1,559 1,325 3,427 4,612
Advertising and promotion 680 1,752 2,822 3,596
Regulatory premiums 826 (38) 1,894 1,902
Net benefit of operation of OREO (160) (90) (348) (682)
Other 8,640 7,606 29,561 25,140
Total noninterest expense 85,115 87,076 250,219 258,504
Income before income taxes 54,683 63,105 117,318 183,579
Income tax provision 9,949 12,378 21,374 35,257
Net Income $ 44,734 $ 50,727 $ 95,944 $ 148,322
Earnings per common share        
Basic $ 0.63 $ 0.70 $ 1.35 $ 2.04
Diluted $ 0.63 $ 0.70 $ 1.35 $ 2.04
Weighted average number of common shares outstanding 70,726 71,803 70,870 72,256
Weighted average number of diluted common shares outstanding 70,762 71,803 70,906 72,257