XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Business Segments (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Financial Information by Business Segment

Condensed financial information by business segment is presented below:

 

 

 

 

 

 

 

Trust and

 

 

 

 

 

 

 

Community

 

 

Investment

 

 

 

 

 

(unaudited, in thousands)

 

Banking

 

 

Services

 

 

Consolidated

 

For The Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

125,054

 

 

$

 

 

$

125,054

 

Interest expense

 

 

8,576

 

 

 

 

 

 

8,576

 

Net interest income

 

 

116,478

 

 

 

 

 

 

116,478

 

Provision for credit losses

 

 

(27,958

)

 

 

 

 

 

(27,958

)

Net interest income after provision for credit losses

 

 

144,436

 

 

 

 

 

 

144,436

 

Non-interest income

 

 

25,577

 

 

 

7,631

 

 

 

33,208

 

Non-interest expense

 

 

82,011

 

 

 

4,316

 

 

 

86,327

 

Income before provision for income taxes

 

 

88,002

 

 

 

3,315

 

 

 

91,317

 

Provision for income taxes

 

 

17,506

 

 

 

696

 

 

 

18,202

 

Net income

 

 

70,496

 

 

 

2,619

 

 

 

73,115

 

Preferred stock dividends

 

 

2,531

 

 

 

 

 

 

2,531

 

Net income available to common shareholders

 

$

67,965

 

 

$

2,619

 

 

$

70,584

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For The Three Months Ended March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

142,448

 

 

$

 

 

$

142,448

 

Interest expense

 

 

22,286

 

 

 

 

 

 

22,286

 

Net interest income

 

 

120,162

 

 

 

 

 

120,162

 

Provision for credit losses

 

 

29,821

 

 

 

 

 

 

29,821

 

Net interest income after provision for credit losses

 

 

90,341

 

 

 

 

 

 

90,341

 

Non-interest income

 

 

21,057

 

 

 

6,952

 

 

 

28,009

 

Non-interest expense

 

 

86,918

 

 

 

4,415

 

 

 

91,333

 

Income before provision for income taxes

 

 

24,480

 

 

 

2,537

 

 

 

27,017

 

Provision for income taxes

 

 

3,088

 

 

 

533

 

 

 

3,621

 

Net income available to common shareholders

 

$

21,392

 

 

$

2,004

 

 

$

23,396