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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income:    
Interest and fees on loans $ 88,639 $ 95,538
Taxable interest and dividends on available for sale securities 10,206 8,178
Non-taxable interest and dividends on available for sale securities 1,856 1,921
Interest on federal funds sold and other short-term investments 432 517
Interest and dividends on trading securities 0 5
Total interest and dividend income 101,133 106,159
Interest expense:    
Interest on deposits 1,002 5,414
Interest on borrowings 40 599
Total interest expense 1,042 6,013
Net interest income 100,091 100,146
(Release of) provision for allowance for loan losses (580) 28,600
Net interest income after provision for loan losses 100,671 71,546
Noninterest income:    
Insurance commissions 28,147 27,477
Service charges on deposit accounts 5,367 6,098
Trust and investment advisory fees 5,663 5,095
Debit card processing fees 2,749 2,470
Interest rate swap income (losses) 5,405 (6,009)
Income (losses) from investments held in rabbi trusts 1,846 (6,743)
Losses on trading securities, net 0 (2)
Gains on sales of mortgage loans held for sale, net 1,479 93
Gains on sales of securities available for sale, net 1,164 122
Other 3,392 4,768
Total noninterest income 55,212 33,369
Noninterest expense:    
Salaries and employee benefits 64,040 61,589
Office occupancy and equipment 8,217 8,689
Data processing 12,129 10,004
Professional services 4,148 3,689
Charitable contributions 0 1,187
Marketing 1,691 2,468
Loan expenses 1,847 1,112
FDIC insurance 948 906
Amortization of intangible assets 532 702
Other 497 4,826
Total noninterest expense 94,049 95,172
Income before income tax expense 61,834 9,743
Income tax expense 14,171 1,298
Net income $ 47,663 $ 8,445
Basic earnings per share (in dollars per share) $ 0.28 $ 0
Diluted earnings per share (in dollars per share) $ 0.28 $ 0