Noninterest Income and Noninterest Expense

12 Months Ended

Dec. 31, 2018

Noninterest Income and Noninterest Expense [Abstract]

Noninterest Income and Noninterest Expense

Note 12. Noninterest Income and Noninterest Expense

During the fourth quarter of 2018, the Company sold the majority of its holdings of Visa Class B common shares. The sale resulted in a gain of approximately $33.2 million, which is included in net gain on sales of assets on the Consolidated Statement of Income. For more information on the circumstances surrounding the sale, refer to Note 10 – Derivatives.

The components of other noninterest income and other noninterest expense are as follows:

	Years Ended December 31,
(in thousands)	2018		2017		2016
Other noninterest income:
Income from bank-owned life insurance	$	12,424	$	11,473	$	13,596
Credit-related fees		11,065		11,140		9,926
Other miscellaneous income		20,297		19,684		16,146
Total other noninterest income	$	43,786	$	42,297	$	39,668
Other noninterest expense:
Advertising	$	12,334	$	15,031	$	10,938
Corporate value and franchise taxes		13,595		12,797		8,741
Entertainment and contributions		11,359		8,260		7,122
Telecommunications and postage		14,659		14,686		13,146
Other retirement expense		(18,661)		(15,249)		(10,496)
Other miscellaneous expense		47,407		46,548		45,313
Total other noninterest expense	$	80,693	$	82,073	$	74,764