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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest and dividends on securities      
Taxable $ 29,718 $ 35,354 $ 37,860
Nontaxable 454 555 884
Interest and fees on loans 254,366 250,535 199,984
Interest on interest bearing deposits and other investments 2,497 3,379 2,670
Total Interest Income 287,035 289,823 241,398
Interest Expense      
Interest on deposits 6,920 16,621 8,763
Interest on time certificates 13,365 21,776 11,684
Interest on securities sold under agreement to repurchase 283 1,431 1,804
Interest on Federal Home Loan Bank (“FHLB”) borrowings 1,540 3,010 4,468
Interest on subordinated debt 2,184 3,367 3,164
Total Interest Expense 24,292 46,205 29,883
Net Interest Income 262,743 243,618 211,515
Provision for credit losses 38,179 10,999 11,730
Net Interest Income After Provision for Credit Losses 224,564 232,619 199,785
Noninterest Income (see “Note N - Noninterest Income and Expenses”)      
Securities gains (losses), net (includes net gains of $0.2 million for 2020, net gains of $6.2 million for 2019 and net losses of $0.1 million for 2018 in other comprehensive income reclassifications) 1,235 1,217 (623)
Other 60,335 55,515 50,645
Total Noninterest Income 61,570 56,732 50,022
Noninterest Expense (See “Note N - Noninterest Income and Expenses”) 185,552 160,739 162,273
Income Before Income Taxes 100,582 128,612 87,534
Income taxes 22,818 29,873 20,259
Net Income $ 77,764 $ 98,739 $ 67,275
Net income per share of common stock      
Diluted (in dollars per share) $ 1.44 $ 1.90 $ 1.38
Basic (in dollars per share) $ 1.45 $ 1.92 $ 1.40
Average common shares outstanding      
Diluted (in shares) 53,930 52,029 48,748
Basic (in shares) 53,502 51,449 47,969