XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and fees on loans $ 64,478 $ 69,628 $ 131,647 $ 130,653
Interest on debt securities:        
Taxable 6,587 7,757 14,144 13,232
Nontaxable 1,812 861 3,301 1,308
Interest on interest-earning deposits 87 703 387 1,150
Dividends on equity securities 227 252 400 475
Total interest income 73,191 79,201 149,879 146,818
Interest expense:        
Interest Expense, Deposits 4,383 13,119 14,271 24,939
Subordinated debentures and notes 2,316 1,958 4,235 3,606
FHLB advances 455 1,696 1,350 3,094
Notes payable and other borrowings 204 713 822 1,121
Total interest expense 7,358 17,486 20,678 32,760
Net interest income 65,833 61,715 129,201 114,058
Provision for credit losses 19,591 1,722 41,855 3,198
Net interest income after provision for credit losses 46,242 59,993 87,346 110,860
Noninterest income:        
Total noninterest income 9,960 11,964 23,368 21,194
Noninterest expense:        
Employee compensation and benefits 22,389 20,687 44,074 40,039
Occupancy 3,185 3,188 6,532 5,825
Data processing 2,144 2,458 4,226 4,364
Professional fees 1,287 1,037 2,149 1,783
Merger-related expenses 0 10,306 0 17,576
Other 8,907 11,378 19,604 19,305
Total noninterest expense 37,912 49,054 76,585 88,892
Income before income tax expense 18,290 22,903 34,129 43,162
Income tax expense 3,656 4,479 6,627 8,582
Net income $ 14,634 $ 18,424 $ 27,502 $ 34,580
Earnings per common share        
Basic (usd per share) $ 0.56 $ 0.69 $ 1.04 $ 1.36
Diluted (usd per share) $ 0.56 $ 0.68 $ 1.04 $ 1.36
Deposit Account [Member]        
Noninterest income:        
Total noninterest income $ 2,616 $ 3,366 $ 5,759 $ 6,301
Fiduciary and Trust [Member]        
Noninterest income:        
Total noninterest income 2,326 2,661 4,827 4,653
Card Services Revenue [Member]        
Noninterest income:        
Total noninterest income 2,225 2,461 4,472 4,251
Tax credit activity, net [Member]        
Noninterest income:        
Total noninterest income (221) 572 1,815 730
Financial Service, Other [Member]        
Noninterest income:        
Total noninterest income $ 3,014 $ 2,904 $ 6,495 $ 5,259