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Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Interest and fees on loans $ 167,761 $ 175,345 $ 338,918 $ 346,587
Interest on taxable securities 5,244 9,347 11,362 19,429
Interest on nontaxable securities 139 157 280 314
Interest on deposits in other banks and federal funds sold 607 169 1,141 1,456
Total interest income 173,751 185,018 351,701 367,786
Interest expense        
Interest on deposits 5,775 14,273 12,573 38,375
Interest on other borrowings 6,124 6,931 12,299 17,652
Total interest expense 11,899 21,204 24,872 56,027
Net interest income 161,852 163,814 326,829 311,759
Provision for loan losses (899) 68,449 (17,478) 105,496
Provision for unfunded commitments 1,299 19,712 (10,540) 23,712
Provision for other credit losses (258) 0 (431) 0
Provision for credit losses 142 88,161 (28,449) 129,208
Net interest income after provision for credit losses 161,710 75,653 355,278 182,551
Noninterest income        
Service charges on deposit accounts 11,007 9,922 21,836 21,766
Mortgage banking activity 70,231 104,925 168,717 140,258
Other service charges, commissions and fees 1,056 949 2,072 1,910
Net gain (loss) on securities 1 14 (11) 5
Other noninterest income 6,945 5,150 14,599 11,400
Total noninterest income 89,240 120,960 207,213 175,339
Noninterest expense        
Salaries and employee benefits 85,505 95,168 181,490 171,114
Occupancy and equipment 10,812 13,807 22,593 25,835
Data processing and communications expenses 11,877 10,514 23,761 22,468
Credit resolution-related expenses 622 950 1,169 3,148
Advertising and marketing 1,946 1,455 3,377 3,813
Amortization of intangible assets 4,065 5,601 8,191 11,232
Merger and conversion charges 0 895 0 1,435
Other noninterest expenses 20,934 27,378 43,978 54,776
Total noninterest expense 135,761 155,768 284,559 293,821
Income (loss) before income tax expense 115,189 40,845 277,932 64,069
Income tax expense 26,862 8,609 64,643 12,511
Net income 88,327 32,236 213,289 51,558
Other comprehensive income (loss)        
Net unrealized holding gains (losses) arising during period on investment securities available-for-sale, net of tax expense (benefit) of $(283), $(13), $(2,255) and $5,743 (1,066) (49) (8,481) 21,604
Net unrealized gains on cash flow hedge during the period, net of tax benefit of $0, $30, $0 and $4 0 111 0 14
Total other comprehensive income (loss) (1,066) 62 (8,481) 21,618
Comprehensive income $ 87,261 $ 32,298 $ 204,808 $ 73,176
Basic earnings per common share (in dollars per share) $ 1.27 $ 0.47 $ 3.07 $ 0.74
Diluted earnings per common share (in dollars per share) $ 1.27 $ 0.47 $ 3.06 $ 0.74
Weighted average common shares outstanding        
Basic (in shares) 69,497 69,192 69,448 69,235
Diluted (in shares) 69,792 69,293 69,765 69,413