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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and dividend income:        
Interest and fees on loans $ 86,735 $ 90,704 $ 266,310 $ 278,385
Taxable interest and dividends on available for sale securities 14,314 7,554 36,977 23,332
Non-taxable interest and dividends on available for sale securities 1,848 1,883 5,561 5,709
Interest on federal funds sold and other short-term investments 571 372 1,434 1,173
Interest and dividends on trading securities 0 0 0 6
Total interest and dividend income 103,468 100,513 310,282 308,605
Interest expense:        
Interest on deposits 736 1,727 2,769 10,245
Interest on borrowings 41 44 123 717
Total interest expense 777 1,771 2,892 10,962
Net interest income 102,691 98,742 307,390 297,643
(Release of) provision for allowance for loan losses (1,488) 700 (5,368) 37,900
Net interest income after provision for loan losses 104,179 98,042 312,758 259,743
Noninterest income:        
Insurance commissions 21,956 21,884 73,767 72,058
Service charges on deposit accounts 5,935 5,052 17,010 15,514
Trust and investment advisory fees 6,310 5,311 18,047 15,600
Debit card processing fees 3,030 2,721 8,949 7,528
Interest rate swap income (losses) 881 1,319 5,122 (3,919)
(Losses) income from investments held in rabbi trusts (289) 3,800 5,773 4,802
Losses on trading securities, net 0 0 0 (3)
Gains on sales of mortgage loans held for sale, net 717 2,219 3,044 3,732
Gains on sales of securities available for sale, net 1 0 1,166 285
Other 4,668 5,403 11,276 13,138
Total noninterest income 43,209 47,709 144,154 128,735
Noninterest expense:        
Salaries and employee benefits 66,238 66,593 199,554 191,517
Office occupancy and equipment 7,960 8,294 24,271 25,598
Data processing 12,191 11,721 37,892 33,905
Professional services 4,024 5,510 14,611 13,595
Charitable contributions 0 0 0 3,984
Marketing 1,598 1,943 6,786 6,056
Loan expenses 1,586 1,554 5,287 4,702
FDIC insurance 1,056 938 2,989 2,788
Amortization of intangible assets 629 699 1,786 2,102
Other 3,688 12,565 7,178 21,507
Total noninterest expense 98,970 109,817 300,354 305,754
Income before income tax expense 48,418 35,934 156,558 82,724
Income tax expense 11,312 7,429 36,980 15,924
Net income $ 37,106 $ 28,505 $ 119,578 $ 66,800
Basic earnings per share (in dollars per share) $ 0.22 $ 0 $ 0.69 $ 0
Diluted earnings per share (in dollars per share) $ 0.22 $ 0 $ 0.69 $ 0