XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income:      
Interest and fees on loans $ 367,585 $ 372,152 $ 402,092
Taxable interest and dividends on available for sale securities 58,312 31,825 31,400
Non-taxable interest and dividends on available for sale securities 7,376 7,588 8,306
Interest on federal funds sold and other short-term investments 1,886 1,757 2,977
Interest and dividends on trading securities 0 6 242
Total interest and dividend income 435,159 413,328 445,017
Interest expense:      
Interest on deposits 5,167 11,315 27,301
Interest on borrowings 165 762 6,452
Total interest expense 5,332 12,077 33,753
Net interest income 429,827 401,251 411,264
(Release of) provision for loan losses (9,686) 38,800 6,300
Net interest income after (release of) provision for loan losses 439,513 362,451 404,964
Noninterest income:      
Insurance commissions 94,704 94,495 90,587
Service charges on deposit accounts 24,271 21,560 27,043
Trust and investment advisory fees 24,588 21,102 19,653
Debit card processing fees 12,118 10,277 10,452
Interest rate swap income (losses) 5,634 (1,381) 4,362
Income from investments held in rabbi trusts 10,217 10,337 9,866
(Losses) gains on trading securities, net 0 (4) 1,297
Gains on sales of mortgage loans held for sale, net 3,605 7,066 795
Gains on sales of securities available for sale, net 1,166 288 2,016
Other 16,852 14,633 16,228
Total noninterest income 193,155 178,373 182,299
Noninterest expense:      
Salaries and employee benefits 295,916 261,827 252,238
Office occupancy and equipment 40,465 33,796 36,458
Data processing 50,839 45,259 45,939
Professional services 24,477 18,902 15,958
Charitable contributions 0 95,272 12,905
Marketing 8,741 8,879 9,619
Operating Costs and Expenses 7,786 2,493 3,215
Loan expenses 6,516 6,727 4,593
FDIC insurance 4,226 3,734 1,878
Amortization of intangible assets 2,512 2,857 3,542
Other 2,478 25,177 26,339
Total noninterest expense 443,956 504,923 412,684
Income before income tax expense 188,712 35,901 174,579
Income tax expense 34,047 13,163 39,481
Net income $ 154,665 $ 22,738 $ 135,098
Basic earnings per share (in dollars per share) $ 0.90 $ 0.13 $ 0
Diluted earnings per share (in dollars per share) $ 0.90 $ 0.13 $ 0