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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Loans $ 100,315 $ 107,366
Taxable securities 22,816 21,088
Tax-exempt securities 2,759 2,302
Deposits in banks 152 141
Total interest income 126,042 130,897
Interest Expense    
Deposits 1,485 3,642
FHLB advances and FRB borrowings 72 4,229
Subordinated debentures 468 468
Other borrowings 23 136
Total interest expense 2,048 8,475
Net Interest Income 123,994 122,422
Provision (recapture) for credit losses (800) 41,500
Net interest income after provision (recapture) for credit losses 124,794 80,922
Noninterest Income    
Deposit account and treasury management fees 6,358 7,788
Card revenue 3,733 3,518
Financial services and trust revenue 3,381 3,065
Loan revenue 7,369 4,590
Bank owned life insurance 1,560 1,596
Investment securities gains, net 0 249
Other 765 401
Total noninterest income 23,166 21,207
Noninterest Expense    
Compensation and employee benefits 51,736 54,842
Occupancy 9,006 9,197
Data processing and software 8,451 7,099
Legal and professional fees 2,815 2,102
Amortization of intangibles 1,924 2,310
B&O taxes 1,259 624
Advertising and promotion 760 1,305
Regulatory premiums 1,105 34
Net cost (benefit) of operation of OREO (63) 12
Other 6,566 6,746
Total noninterest expense 83,559 84,271
Income before income taxes 64,401 17,858
Income tax provision 12,548 3,230
Net Income $ 51,853 $ 14,628
Earnings per common share    
Basic $ 0.73 $ 0.20
Diluted $ 0.73 $ 0.20
Weighted average number of common shares outstanding 70,869 71,206
Weighted average number of diluted common shares outstanding 71,109 71,264