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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans $ 113,325,000 $ 115,672,000 $ 228,330,000 $ 236,277,000
Securities        
Taxable 5,619,000 6,418,000 10,536,000 13,720,000
Tax-exempt 1,702,000 1,670,000 3,359,000 3,124,000
Other 345,000 195,000 528,000 1,007,000
Total interest income 120,991,000 123,955,000 242,753,000 254,128,000
Interest expense        
Deposits 7,669,000 13,871,000 15,949,000 32,366,000
Borrowings 3,743,000 4,302,000 7,577,000 9,378,000
Total interest expense 11,412,000 18,173,000 23,526,000 41,744,000
Net interest income 109,579,000 105,782,000 219,227,000 212,384,000
Provision for loan losses 0 26,900,000 0 53,250,000
Provision for other credit losses 0 0 0 0
Provision for credit losses 0 26,900,000 0 53,250,000
Net interest income after provision for credit losses 109,579,000 78,882,000 219,227,000 159,134,000
Noninterest income        
Service charges on deposit accounts 9,458,000 6,832,000 17,481,000 15,902,000
Fees and commissions 4,110,000 2,971,000 8,010,000 6,025,000
Insurance commissions 2,422,000 2,125,000 4,659,000 4,116,000
Wealth management revenue 5,019,000 3,824,000 9,811,000 7,826,000
Mortgage banking income 20,853,000 45,490,000 71,586,000 61,025,000
Net gain on sales of securities 0 31,000 1,357,000 31,000
BOLI income 1,644,000 1,329,000 3,716,000 2,492,000
Other 4,104,000 1,568,000 12,027,000 4,323,000
Total noninterest income 47,610,000 64,170,000 128,647,000 101,740,000
Noninterest expense        
Salaries and employee benefits 70,293,000 79,361,000 148,989,000 152,550,000
Data processing 5,652,000 5,047,000 11,103,000 10,053,000
Net occupancy and equipment 11,374,000 13,511,000 23,912,000 27,631,000
Other real estate owned 104,000 620,000 145,000 1,038,000
Professional fees 2,674,000 2,517,000 5,595,000 5,159,000
Advertising and public relations 3,100,000 2,920,000 6,352,000 6,320,000
Intangible amortization 1,539,000 1,834,000 3,137,000 3,729,000
Communications 2,291,000 2,181,000 4,583,000 4,379,000
Restructuring charges 15,000 0 307,000 0
Debt prepayment penalty   90,000 0 90,000
Other 11,735,000 10,204,000 20,589,000 22,377,000
Total noninterest expense 108,777,000 118,285,000 224,712,000 233,326,000
Income (loss) before income taxes 48,412,000 24,767,000 123,162,000 27,548,000
Income taxes 7,545,000 4,637,000 24,387,000 5,410,000
Net income (loss) $ 40,867,000 $ 20,130,000 $ 98,775,000 $ 22,138,000
Basic earnings per share (usd per share) $ 0.73 $ 0.36 $ 1.75 $ 0.39
Diluted earnings per share (usd per share) 0.72 0.36 1.75 0.39
Cash dividends per common share (usd per share) $ 0.22 $ 0.22 $ 0.44 $ 0.44