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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Loans $ 99,712 $ 105,496 $ 200,027 $ 212,862
Taxable securities 24,750 18,343 47,566 39,431
Tax-exempt securities 2,826 2,257 5,585 4,559
Deposits in banks 159 136 311 277
Total interest income 127,447 126,232 253,489 257,129
Interest Expense        
Deposits 1,426 2,094 2,911 5,736
FHLB advances and FRB borrowings 72 1,796 144 6,025
Subordinated debentures 468 468 936 936
Other borrowings 19 23 42 159
Total interest expense 1,985 4,381 4,033 12,856
Net Interest Income 125,462 121,851 249,456 244,273
Provision (recapture) for credit losses (5,500) 33,500 (6,300) 75,000
Net interest income after provision (recapture) for credit losses 130,962 88,351 255,756 169,273
Noninterest Income        
Deposit account and treasury management fees 6,701 6,092 13,059 13,880
Card revenue 4,773 3,079 8,506 6,597
Financial services and trust revenue 4,245 3,163 7,626 6,228
Loan revenue 4,514 5,607 11,883 10,197
Bank owned life insurance 1,635 1,618 3,195 3,214
Investment securities gains, net 314 16,425 314 16,674
Other 548 1,275 1,313 1,676
Total noninterest income 22,730 37,259 45,896 58,466
Noninterest Expense        
Compensation and employee benefits 53,450 46,043 105,186 100,885
Occupancy 9,038 8,812 18,044 18,009
Data processing and software 7,402 7,981 15,853 15,080
Legal and professional fees 3,264 3,483 6,079 5,585
Amortization of intangibles 1,852 2,210 3,776 4,520
B&O taxes 1,490 1,244 2,749 1,868
Advertising and promotion 588 837 1,348 2,142
Regulatory premiums 1,112 1,034 2,217 1,068
Net cost (benefit) of operation of OREO 111 (200) 48 (188)
Other 5,809 9,389 12,375 16,135
Total noninterest expense 84,116 80,833 167,675 165,104
Income before income taxes 69,576 44,777 133,977 62,635
Income tax provision 14,537 8,195 27,085 11,425
Net Income $ 55,039 $ 36,582 $ 106,892 $ 51,210
Earnings per common share        
Basic $ 0.77 $ 0.52 $ 1.50 $ 0.72
Diluted $ 0.77 $ 0.52 $ 1.50 $ 0.72
Weighted average number of common shares outstanding 70,987 70,679 70,924 70,942
Weighted average number of diluted common shares outstanding 71,164 70,711 71,079 70,981