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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Document Period End Date Mar. 31, 2020  
Interest income    
Loans, including fees $ 115,775 $ 123,056
Investment securities    
Taxable 19,005 24,235
Tax-exempt 4,582 4,258
Total interest on investment securities 23,587 28,493
Other earning assets 142 210
Total interest income 139,504 151,759
Interest expense    
Deposits 16,365 19,243
Short-term borrowings 5,087 5,960
Long-term borrowings 3,770 5,041
Total interest expense 25,222 30,244
Net interest income 114,282 121,515
Provision for Credit Losses 23,880 14,083
Provision for credit losses 1,568 6
Net interest income after provision for loan and lease losses 88,834 107,426
Noninterest income    
Service Charges on Deposit Accounts 8,435 8,903
Trust and wealth management fees 4,469 4,070
Bankcard income 2,698 5,586
Client derivative fees 3,105 1,704
Foreign exchange income 9,966 0
Net gain from sales of loans 2,831 1,890
Net gain (loss) on sales/transfers of investment securities (59) (178)
Other 3,939 4,852
Total noninterest income 35,384 26,827
Noninterest expenses    
Salaries and employee benefits 54,822 47,912
Net occupancy 6,104 6,630
Furniture and equipment 4,053 3,416
Data processing 6,389 5,127
Marketing 1,220 1,606
Communication 890 728
Professional services 2,275 2,252
State intangible tax 1,516 1,310
FDIC assessments 1,405 950
Intangible assets amortization 2,792 2,045
Other 8,200 6,517
Total noninterest expenses 89,666 78,493
Income before income taxes 34,552 55,760
Income tax expense 5,924 9,921
Net income $ 28,628 $ 45,839
Earnings per common share    
Basic $ 0.29 $ 0.47
Diluted 0.29 0.47
Cash dividends declared per share $ 0.23 $ 0.22
Average common shares outstanding - basic 97,736,690 97,926,088
Average common shares outstanding - diluted 98,356,214 98,436,311