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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Loans $ 114,914 $ 124,476 $ 351,192 $ 377,788
Securities        
Taxable 5,499 7,218 19,219 22,874
Tax-exempt 1,573 1,292 4,697 3,992
Other 92 1,490 1,098 4,778
Total interest income 122,078 134,476 376,206 409,432
Interest expense        
Deposits 11,810 21,514 44,175 62,277
Borrowings 3,982 4,137 13,361 12,383
Total interest expense 15,792 25,651 57,536 74,660
Net interest income 106,286 108,825 318,670 334,772
Provision for credit losses on loans 23,100 1,700 76,350 4,100
Net interest income after provision for credit losses on loans 83,186 107,125 242,320 330,672
Noninterest income        
Service charges on deposit accounts 7,486 8,992 23,388 26,699
Fees and commissions 3,402 3,090 9,427 16,608
Insurance commissions 2,681 2,508 6,797 6,814
Wealth management revenue 4,364 3,588 12,190 10,513
Mortgage banking income 49,714 15,710 110,739 42,731
Net gain on sales of securities 0 343 31 348
BOLI income 1,267 1,734 3,759 4,481
Other 2,014 1,988 6,337 7,604
Total noninterest income 70,928 37,953 172,668 115,798
Noninterest expense        
Salaries and employee benefits 75,406 65,425 227,956 183,100
Data processing 5,259 4,980 15,312 14,584
Net occupancy and equipment 13,296 12,943 40,927 36,322
Other real estate owned 1,033 418 2,071 1,674
Professional fees 3,197 2,976 8,355 7,861
Advertising and public relations 2,240 3,318 8,560 8,833
Intangible amortization 1,733 1,996 5,462 6,159
Communications 2,319 2,310 6,698 6,553
Extinguishment of debt 28 54 118 54
Merger and conversion related expenses 0 24 0 203
Other 11,999 2,056 34,377 13,279
Noninterest expense 116,510 96,500 349,836 278,622
Income (loss) before income taxes 37,604 48,578 65,152 167,848
Income taxes 7,612 11,132 13,022 38,667
Net income (loss) $ 29,992 $ 37,446 $ 52,130 $ 129,181
Basic earnings per share (usd per share) $ 0.53 $ 0.65 $ 0.93 $ 2.21
Diluted earnings per share (usd per share) 0.53 0.64 0.92 2.21
Cash dividends per common share (usd per share) $ 0.22 $ 0.22 $ 0.66 $ 0.65