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CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Interest and fees on loans $ 283,625 $ 312,703
Investment securities 2,183 1,460
Federal funds sold and securities purchased under resale agreements 614 379
Interest-bearing deposits in other banks 19,586 11,019
Total interest income 306,008 325,561
Interest expense    
Deposits 62,174 69,054
Federal funds purchased 669 3,516
Other borrowings 9,582 11,854
Subordinated notes 4,191 4,191
Trust preferred subordinated debentures 1,073 1,332
Total interest expense 77,689 89,947
Net interest income 228,319 235,614
Provision for credit losses 96,000 20,000
Net interest income after provision for credit losses 132,319 215,614
Non-interest income    
Service charges on deposit accounts 3,293 2,979
Wealth management and trust fee income 2,467 2,009
Brokered loan fees 8,015 5,066
Servicing income 4,746 2,734
Swap fees 2,757 1,031
Net gain/(loss) on sale of loans held for sale (13,000) (505)
Other 3,502 16,700
Total non-interest income 11,780 30,014
Non-interest expense    
Salaries and employee benefits 76,667 77,823
Net occupancy expense 8,712 7,879
Marketing 8,460 11,708
Legal and professional 17,466 10,030
Communications and technology 13,608 9,198
FDIC insurance assessment 5,849 5,122
Servicing-related expenses 16,354 5,382
Merger-related expenses 7,270 0
Other 11,031 13,236
Total non-interest expense 165,417 140,378
Income/(loss) before income taxes (21,318) 105,250
Income tax expense/(benefit) (4,631) 22,411
Net income/(loss) (16,687) 82,839
Preferred stock dividends 2,438 2,438
Net income/(loss) available to common stockholders (19,125) 80,401
Other comprehensive income/(loss)    
Change in unrealized gain/(loss) on available-for-sale debt securities arising during period, before tax (5,292) (53)
Income tax expense/(benefit) related to unrealized loss on available-for-sale debt securities (1,111) (10)
Other comprehensive income/(loss), net of tax (4,181) (43)
Comprehensive income/(loss) $ (20,868) $ 82,796
Basic earnings/(loss) per common share    
Basic earnings/(loss) per common share $ (0.38) $ 1.60
Diluted earnings/(loss) per common share    
Diluted earnings/(loss) per common share $ (0.38) $ 1.60