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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans $ 115,005,000 $ 120,606,000
Securities    
Taxable 4,917,000 7,302,000
Tax-exempt 1,657,000 1,454,000
Other 183,000 811,000
Total interest income 121,762,000 130,173,000
Interest expense    
Deposits 8,279,000 18,494,000
Borrowings 3,835,000 5,077,000
Total interest expense 12,114,000 23,571,000
Net interest income 109,648,000 106,602,000
Provision for loan losses 0 26,350,000
Provision for other credit losses 0 0
Provision for credit losses 0 26,350,000
Net interest income after provision for credit losses 109,648,000 80,252,000
Noninterest income    
Service charges on deposit accounts 8,023,000 9,070,000
Fees and commissions 3,900,000 3,054,000
Insurance commissions 2,237,000 1,991,000
Wealth management revenue 4,792,000 4,002,000
Mortgage banking income 50,733,000 15,535,000
Net gain on sales of securities 1,357,000 0
BOLI income 2,072,000 1,163,000
Other 7,923,000 2,755,000
Total noninterest income 81,037,000 37,570,000
Noninterest expense    
Salaries and employee benefits 78,696,000 73,189,000
Data processing 5,451,000 5,006,000
Net occupancy and equipment 12,538,000 14,120,000
Other real estate owned 41,000 418,000
Professional fees 2,921,000 2,641,000
Advertising and public relations 3,252,000 3,400,000
Intangible amortization 1,598,000 1,895,000
Communications 2,292,000 2,198,000
Restructuring charges 292,000 0
Other 8,854,000 12,174,000
Noninterest expense 115,935,000 115,041,000
Income (loss) before income taxes 74,750,000 2,781,000
Income taxes 16,842,000 773,000
Net income (loss) $ 57,908,000 $ 2,008,000
Basic earnings per share (usd per share) $ 1.03 $ 0.04
Diluted earnings per share (usd per share) 1.02 0.04
Cash dividends per common share (usd per share) $ 0.22 $ 0.22