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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Document Period End Date     Jun. 30, 2020  
Interest income        
Loans, including fees $ 105,900 $ 126,365 $ 221,675 $ 249,421
Investment securities        
Taxable 18,476 23,616 37,481 47,851
Tax-exempt 4,937 4,336 9,519 8,594
Total interest on investment securities 23,413 27,952 47,000 56,445
Other earning assets 47 206 189 416
Total interest income 129,360 154,523 268,864 306,282
Interest expense        
Deposits 11,751 20,612 28,116 39,855
Short-term borrowings 1,274 6,646 6,361 12,606
Long-term borrowings 4,759 4,963 8,529 10,004
Total interest expense 17,784 32,221 43,006 62,465
Net interest income 111,576 122,302 225,858 243,817
Provision for Credit Losses 17,859 6,658 41,739 20,741
Provision for credit losses 2,370 (132) 3,938 (126)
Net interest income after provision for loan and lease losses 91,347 115,776 180,181 223,202
Noninterest income        
Service Charges on Deposit Accounts 6,001 9,819 14,436 18,722
Trust and wealth management fees 4,114 3,943 8,583 8,013
Bankcard income 2,844 6,497 5,542 12,083
Client derivative fees 2,984 4,905 6,089 6,609
Foreign exchange income 6,576 17 16,542 17
Net gain from sales of loans 16,662 3,432 19,493 5,322
Net gain (loss) on sales/transfers of investment securities 2 (37) (57) (215)
Other 3,542 6,062 7,481 10,914
Total noninterest income 42,725 34,638 78,109 61,465
Noninterest expenses        
Salaries and employee benefits 55,925 53,985 110,747 101,897
Net occupancy 5,378 5,596 11,482 12,226
Furniture and equipment 3,681 4,222 7,734 7,638
Data processing 7,019 4,984 13,408 10,111
Marketing 1,339 1,976 2,559 3,582
Communication 907 747 1,797 1,475
Professional services 2,205 2,039 4,480 4,291
State intangible tax 1,514 1,307 3,030 2,617
FDIC assessments 1,290 1,065 2,695 2,015
Intangible assets amortization 2,791 2,044 5,583 4,089
Other 6,640 6,545 14,840 13,062
Total noninterest expenses 88,689 84,510 178,355 163,003
Income before income taxes 45,383 65,904 79,935 121,664
Income tax expense 7,990 13,201 13,914 23,122
Net income $ 37,393 $ 52,703 $ 66,021 $ 98,542
Earnings per common share        
Basic $ 0.38 $ 0.54 $ 0.68 $ 1.01
Diluted 0.38 0.53 0.67 1.00
Cash dividends declared per share $ 0.23 $ 0.22 $ 0.46 $ 0.44
Average common shares outstanding - basic 97,220,748 98,083,799 97,478,719 98,005,379
Average common shares outstanding - diluted 97,988,600 98,648,384 98,172,408 98,542,947