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Consolidated Statements of Earnings - USD ($)
$ 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 $ 66,879 $ 65,932 $ 133,314 $ 128,927
Interest on investment securities:        
Taxable 11,449 14,029 21,712 28,684
Exempt from federal income tax 14,060 12,149 27,809 21,844
Interest on federal funds sold and interest-bearing demand deposits in banks 214 87 377 842
Total interest income 92,602 92,197 183,212 180,297
INTEREST EXPENSE:        
Interest on deposits 1,560 2,550 3,255 9,230
Other 93 412 184 929
Total interest expense 1,653 2,962 3,439 10,159
Net interest income 90,949 89,235 179,773 170,138
PROVISION FOR CREDIT LOSSES (1,206) 8,700 (3,203) 18,550
Net interest income after provisions for credit losses 92,155 80,535 182,976 151,588
NONINTEREST INCOME:        
Trust fees 8,692 6,961 16,991 14,398
Service charges on deposit accounts 4,928 4,318 9,721 10,233
ATM, interchange and credit card fees 9,853 8,049 18,530 15,449
Gain on sale and fees on mortgage loans 8,291 13,676 18,185 17,528
Net gain on sale of available-for-sale securities 5 1,512 813 3,574
Net gain on sale of foreclosed assets 1 52 56 53
Net gain (loss) on sale of assets 74 (24) 219 92
Interest on loan recoveries 704 154 1,086 419
Other 2,125 2,221 3,947 3,905
Total noninterest income 34,673 36,919 69,548 65,651
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 35,046 30,814 69,977 60,456
Net occupancy expense 3,241 3,101 6,388 6,128
Equipment expense 2,177 2,010 4,341 4,085
FDIC insurance premiums 766 463 1,467 508
ATM, interchange and credit card expenses 3,039 2,610 5,811 5,595
Professional and service fees 2,392 2,497 4,531 5,090
Printing, stationery and supplies 489 533 814 1,099
Operational and other losses 534 728 821 1,304
Software amortization and expense 2,829 2,010 5,448 4,034
Amortization of intangible assets 412 508 824 1,017
Other 8,449 8,047 16,676 19,324
Total noninterest expense 59,374 53,321 117,098 108,640
EARNINGS BEFORE INCOME TAXES 67,454 64,133 135,426 108,599
INCOME TAX EXPENSE 11,075 10,663 22,129 17,898
NET EARNINGS $ 56,379 $ 53,470 $ 113,297 $ 90,701
NET EARNINGS PER SHARE, BASIC $ 0.40 $ 0.38 $ 0.80 $ 0.64
NET EARNINGS PER SHARE, DILUTED 0.39 0.38 0.79 0.64
DIVIDENDS PER SHARE $ 0.15 $ 0.13 $ 0.28 $ 0.25