XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans, including fees $ 168,779 $ 169,002 $ 518,957 $ 512,444
Securities:        
Taxable 20,736 22,560 61,366 71,950
Tax-exempt 56,882 58,073 169,656 175,968
Interest-bearing deposits 5,830 1,512 11,877 10,894
Federal funds sold 2 5 13 721
Resell agreements 6 14 11 163
Total interest income 252,235 251,166 761,880 772,140
Interest expense:        
Deposits 3,677 5,397 10,693 27,677
Federal funds purchased 9 7 24 92
Repurchase agreements 632 475 1,597 3,913
Junior subordinated deferrable interest debentures 631 700 1,915 2,893
Subordinated notes 1,164 1,164 3,492 3,492
Federal Home Loan Bank advances 0 0 0 318
Total interest expense 6,113 7,743 17,721 38,385
Net interest income 246,122 243,423 744,159 733,755
Credit loss expense 0 20,302 63 227,474
Net interest income after credit loss expense 246,122 223,121 744,096 506,281
Non-interest income:        
Trust and investment management fees 37,381 31,469 110,569 97,002
Service charges on deposit accounts 21,216 19,812 61,058 60,043
Insurance commissions and fees 11,748 11,456 39,834 38,609
Interchange and card transaction fees 4,490 3,503 13,224 9,724
Other charges, commissions and fees 9,785 8,370 26,729 25,398
Net gain (loss) on securities transactions 0 0 0 108,989
Other 8,569 8,991 26,258 34,352
Total non-interest income 93,189 83,601 277,672 374,117
Non-interest expense:        
Salaries and wages 99,463 93,323 289,956 282,485
Employee benefits 21,576 16,074 62,840 59,824
Net occupancy 27,208 25,466 79,909 76,116
Technology, furniture and equipment 28,494 26,482 84,508 77,768
Deposit insurance 3,088 2,372 8,893 7,796
Intangible amortization 157 212 544 710
Other 38,017 38,221 116,749 121,293
Total non-interest expense 218,003 202,150 643,399 625,992
Income before income taxes 121,308 104,572 378,369 254,406
Income taxes 13,333 9,516 36,311 11,525
Net income 107,975 95,056 342,058 242,881
Preferred stock dividends 1,668 0 5,488 2,016
Redemption of preferred stock 0 0 0 5,514
Net income available to common shareholders $ 106,307 $ 95,056 $ 336,570 $ 235,351
Earnings per common share:        
Basic $ 1.66 $ 1.50 $ 5.25 $ 3.72
Diluted $ 1.65 $ 1.50 $ 5.22 $ 3.71