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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 $ 77,908 $ 89,944
Debt securities 5,355 6,772
Equity investments and other 1,611 1,491
Total interest income 84,874 98,207
Interest expense:    
Deposits 8,496 13,936
Borrowed funds 2,774 4,626
Total interest expense 11,270 18,562
Net interest income 73,604 79,645
Credit loss (benefit) expense (620) 9,969
Net interest income after credit loss (benefit) expense 74,224 69,676
Other income:    
Bankcard services revenue 3,052 2,481
Net gain on sales of loans 1,916 173
Net gain on equity investments 8,287 155
Net loss from other real estate operations (8) (150)
Income from bank owned life insurance 1,415 1,575
Commercial loan swap income 1,111 4,050
Other 726 25
Total other income 20,835 13,697
Operating expenses:    
Compensation and employee benefits 28,366 29,885
Occupancy 5,061 5,276
Equipment 1,578 1,943
Marketing 434 769
Federal deposit insurance and regulatory assessments 1,864 667
Data processing 4,031 4,177
Check card processing 1,372 1,276
Professional fees 2,837 2,302
Other operating expense 3,353 3,802
Amortization of core deposit intangible 1,395 1,578
Branch consolidation expense 1,011 2,594
Merger related expenses 381 8,527
Total operating expenses 51,683 62,796
Income before provision for income taxes 43,376 20,577
Provision for income taxes 10,679 4,044
Net income 32,697 16,533
Dividends on preferred shares 1,004 0
Net income available to common stockholders $ 31,693 $ 16,533
Basic earnings per share (in dollars per share) $ 0.53 $ 0.28
Diluted earnings per share (in dollars per share) $ 0.53 $ 0.27
Average basic shares outstanding (in shares) 59,840 59,876
Average diluted shares outstanding (in shares) 60,101 60,479
Trust and asset management revenue    
Other income:    
Other income $ 599 $ 515
Fees and service charges    
Other income:    
Other income $ 3,737 $ 4,873