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CONSOLIDATED STATEMENTS OF INCOME Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income:        
Loans $ 156,189 $ 154,229 $ 447,110 $ 453,243
Investment securities 13,808 13,985 44,222 44,723
Money market investments and interest-bearing cash accounts 405 4,081 2,950 10,311
Total interest income 170,402 172,295 494,282 508,277
Interest expense:        
Deposits 16,088 20,341 52,739 56,936
Loans payable 0 0 21 0
Securities sold under agreements to repurchase 1,484 1,320 5,282 5,489
Advances from FHLB 2,778 3,878 8,656 11,490
Other borrowings 1,356 2,331 5,029 7,210
Total interest expense 21,706 27,870 71,727 81,125
Net interest income 148,696 144,425 422,555 427,152
Provision for Loan, Lease, and Other Losses [Abstract]        
Provision For Loan And Lease Losses 48,078 7,398 158,531 31,752
Provision for credit losses 46,914 7,398 163,294 31,340
Net interest income after provision for credit losses 101,782 137,027 259,261 395,812
Non-interest income:        
Service charges and fees on deposit accounts 5,848 6,108 16,280 17,711
Mortgage banking activities 7,099 4,396 14,573 12,418
Gain on early extinguishment of debt 94 0 94 0
Insurance commission income 1,473 1,983 7,436 8,258
Net gain (loss) on investment securities 5,288 (497) 13,380 (497)
Other non-interest income 10,132 9,411 29,263 28,277
Total non-interest income 29,934 21,401 81,026 66,167
Non-interest expenses:        
Employees' compensation and benefits 43,063 41,409 125,454 121,518
Occupancy and equipment 19,064 15,129 50,567 47,018
Business promotion 3,046 4,004 8,982 11,650
Professional fees 11,563 11,875 35,324 33,856
Taxes, other than income taxes 4,510 3,904 11,967 11,461
FDIC deposit insurance 1,630 1,465 4,588 4,645
Net loss on OREO and OREO operations 1,019 2,578 3,018 11,364
Credit and debit card processing expenses 4,859 4,764 12,747 12,738
Communications 2,246 1,834 5,975 5,300
Merger and Restructuring costs 10,441 592 14,188 592
Other non-interest expenses 6,067 5,279 16,668 16,012
Total non-interest expenses 107,508 92,833 289,478 276,154
Income before income taxes 24,208 65,595 50,809 185,825
Income tax (benefit) expense (4,405) 19,268 (1,326) 54,897
Net income 28,613 46,327 52,135 130,928
Net income attributable to common stockholders $ 27,944 $ 45,658 $ 50,128 $ 128,921
Net income per common share:        
Basic $ 0.13 $ 0.21 $ 0.23 $ 0.60
Diluted $ 0.13 $ 0.21 $ 0.23 $ 0.59
Debt Securities [Member]        
Provision for Loan, Lease, and Other Losses [Abstract]        
Provision for Other Credit Losses $ (361) $ 0 $ 2,404 $ 0
Unfunded Loan Commitment [Member]        
Provision for Loan, Lease, and Other Losses [Abstract]        
Provision for Other Credit Losses $ (803) $ 0 $ 2,359 $ (412)