XML 22 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 166,679 $ 182,695 $ 316,656 $ 350,178
Securities:        
Taxable 56,365 20,602 99,423 40,630
Tax-exempt 57,078 56,111 113,944 112,774
Interest-bearing deposits 26,371 3,614 32,714 6,047
Federal funds sold 99 8 112 11
Resell agreements 10 4 14 5
Total interest income 306,602 263,034 562,863 509,645
Interest expense:        
Deposits 14,593 3,499 19,505 7,016
Federal funds purchased 75 7 87 15
Repurchase agreements 1,790 570 2,308 965
Junior subordinated deferrable interest debentures 772 638 1,356 1,284
Subordinated notes 1,164 1,164 2,328 2,328
Total interest expense 18,394 5,878 25,584 11,608
Net interest income 288,208 257,156 537,279 498,037
Credit loss expense 0 0 0 63
Net interest income after credit loss expense 288,208 257,156 537,279 497,974
Non-interest income:        
Trust and investment management fees 37,776 37,874 76,432 73,188
Service charges on deposit accounts 23,870 19,849 46,610 39,842
Insurance commissions and fees 11,776 10,773 28,384 28,086
Interchange and card transaction fees 4,911 4,641 9,137 8,734
Other charges, commissions and fees 9,887 8,640 19,514 16,944
Net gain (loss) on securities transactions 0 0 0 0
Other 9,707 9,470 19,240 17,689
Total non-interest income 97,927 91,247 199,317 184,483
Non-interest expense:        
Salaries and wages 116,881 97,035 228,210 190,493
Employee benefits 20,733 18,728 44,953 41,264
Net occupancy 28,379 26,650 55,790 52,701
Technology, furniture and equipment 29,921 27,998 59,078 56,014
Deposit insurance 3,724 2,877 7,357 5,805
Intangible amortization 131 185 277 387
Other 46,578 41,781 89,414 78,732
Total non-interest expense 246,347 215,254 485,079 425,396
Income before income taxes 139,788 133,149 251,517 257,061
Income taxes 20,674 15,081 33,301 22,978
Net income 119,114 118,068 218,216 234,083
Preferred stock dividends 1,669 1,669 3,338 3,820
Net income available to common shareholders $ 117,445 $ 116,399 $ 214,878 $ 230,263
Earnings per common share:        
Basic $ 1.82 $ 1.81 $ 3.32 $ 3.59
Diluted $ 1.81 $ 1.80 $ 3.31 $ 3.57