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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Loans, including fees $ 182,695 $ 171,305 $ 350,178 $ 343,442
Securities:        
Taxable 20,602 23,360 40,630 49,390
Tax-exempt 56,111 59,009 112,774 117,895
Interest-bearing deposits 3,614 1,257 6,047 9,382
Federal funds sold 8 33 11 716
Resell agreements 4 30 5 149
Total interest income 263,034 254,994 509,645 520,974
Interest expense:        
Deposits 3,499 6,227 7,016 22,280
Federal funds purchased 7 6 15 85
Repurchase agreements 570 480 965 3,438
Junior subordinated deferrable interest debentures 638 988 1,284 2,193
Subordinated notes 1,164 1,164 2,328 2,328
Federal Home Loan Bank advances 0 318 0 318
Total interest expense 5,878 9,183 11,608 30,642
Net interest income 257,156 245,811 498,037 490,332
Credit loss expense 0 31,975 63 207,172
Net interest income after credit loss expense 257,156 213,836 497,974 283,160
Non-interest income:        
Trust and investment management fees 37,874 31,060 73,188 65,533
Service charges on deposit accounts 19,849 17,580 39,842 40,231
Insurance commissions and fees 10,773 10,668 28,086 27,153
Interchange and card transaction fees 4,641 2,966 8,734 6,221
Other charges, commissions and fees 8,640 7,663 16,944 17,028
Net gain (loss) on securities transactions 0 0 0 108,989
Other 9,470 7,664 17,689 25,361
Total non-interest income 91,247 77,601 184,483 290,516
Non-interest expense:        
Salaries and wages 97,035 90,350 190,493 189,162
Employee benefits 18,728 18,861 41,264 43,750
Net occupancy 26,650 25,266 52,701 50,650
Technology, furniture and equipment 27,998 26,046 56,014 51,286
Deposit insurance 2,877 2,800 5,805 5,424
Intangible amortization 185 241 387 498
Other 41,781 36,115 78,732 83,072
Total non-interest expense 215,254 199,679 425,396 423,842
Income before income taxes 133,149 91,758 257,061 149,834
Income taxes 15,081 (1,314) 22,978 2,009
Net income 118,068 93,072 234,083 147,825
Preferred stock dividends 1,669 0 3,820 2,016
Redemption of preferred stock 0 0 0 5,514
Net income available to common shareholders $ 116,399 $ 93,072 $ 230,263 $ 140,295
Earnings per common share:        
Basic $ 1.81 $ 1.47 $ 3.59 $ 2.22
Diluted $ 1.80 $ 1.47 $ 3.57 $ 2.21