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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Loans $ 105,168 $ 105,739 $ 305,195 $ 318,601
Taxable securities 26,374 19,102 73,940 58,533
Tax-exempt securities 2,714 2,340 8,299 6,899
Deposits in banks 284 203 595 480
Total interest income 134,540 127,384 388,029 384,513
Interest Expense        
Deposits 1,468 2,005 4,379 7,741
FHLB advances and FRB borrowings 73 166 217 6,191
Subordinated debentures 435 468 1,371 1,404
Other borrowings 24 19 66 178
Total interest expense 2,000 2,658 6,033 15,514
Net Interest Income 132,540 124,726 381,996 368,999
Provision (recapture) for credit losses 0 7,400 (6,300) 82,400
Net interest income after provision (recapture) for credit losses 132,540 117,326 388,296 286,599
Noninterest Income        
Deposit account and treasury management fees 6,893 6,658 19,952 20,538
Card revenue 4,889 3,834 13,395 10,431
Financial services and trust revenue 4,250 3,253 11,876 9,481
Loan revenue 5,184 6,645 17,067 16,842
Bank owned life insurance 1,585 1,585 4,780 4,799
Investment securities gains, net 0 0 314 16,674
Other 1,157 497 2,470 2,173
Total noninterest income 23,958 22,472 69,854 80,938
Noninterest Expense        
Compensation and employee benefits 54,679 55,133 159,865 156,018
Occupancy 9,695 8,734 27,739 26,743
Data processing and software 8,515 7,095 24,368 22,175
Legal and professional fees 4,894 3,000 10,973 8,585
Amortization of intangibles 1,835 2,193 5,611 6,713
B&O taxes 1,583 1,559 4,332 3,427
Advertising and promotion 678 680 2,026 2,822
Regulatory premiums 1,214 826 3,431 1,894
Net cost (benefit) of operation of OREO 4 (160) 52 (348)
Other 6,910 6,055 19,285 22,190
Total noninterest expense 90,007 85,115 257,682 250,219
Income before income taxes 66,491 54,683 200,468 117,318
Income tax provision 13,474 9,949 40,559 21,374
Net Income $ 53,017 $ 44,734 $ 159,909 $ 95,944
Earnings per common share        
Basic $ 0.75 $ 0.63 $ 2.25 $ 1.35
Diluted $ 0.74 $ 0.63 $ 2.24 $ 1.35
Weighted average number of common shares outstanding 71,036 70,726 70,965 70,870
Weighted average number of diluted common shares outstanding 71,186 70,762 71,155 70,906