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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Interest and fees on loans $ 92,383 $ 99,022
Interest Income, Securities, Operating, Taxable 6,627 7,957
Nontaxable interest and dividends on securities 5 9
Interest on loans held for sale 296 232
Interest on federal funds sold and short-term investments 326 160
Total interest and dividend income 99,637 107,380
Interest expense    
Interest on deposits 2,711 10,892
Interest on borrowings 1,342 2,184
Total interest expense 4,053 13,076
Net interest income 95,584 94,304
Provision for credit losses (2,500) 25,000
Net interest income after provision for credit losses 98,084 69,304
Noninterest income    
Deposit account fees 3,584 4,970
Interchange and ATM fees 2,720 4,896
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 8,304 6,829
Mortgage banking income 5,740 861
Bank Owned Life Insurance Income 1,323 1,276
Gain Realized on Life Insurance Policies (258) (357)
Loan level derivative income 173 3,597
Other noninterest income 3,144 3,649
Total noninterest income 25,246 26,435
Noninterest expenses    
Salaries and employee benefits 39,889 37,349
Occupancy and equipment expenses 9,273 9,317
Data processing & facilities management 1,665 1,658
FDIC assessment 1,050  
Professional Fees 2,391 1,336
Amortization of Intangible Assets 1,392 1,531
Software Maintenance 1,970 1,685
Available-for-sale Equity Securities, Gross Unrealized Loss 0 1,799
Other noninterest expenses 12,052 12,165
Total noninterest expenses 69,682 66,840
Income before income taxes 53,648 28,899
Current Federal, State and Local, Tax Expense (Benefit) 11,937 2,148
Net income $ 41,711 $ 26,751
Basic earnings per share (in dollars per share) $ 1.26 $ 0.78
Diluted earnings per share (in dollars per share) $ 1.26 $ 0.78
Weighted average common shares (basic) (in shares) 32,995,332 34,184,431
Common shares equivalents (in shares) 30,098 36,827
Weighted average common shares (diluted) (in shares) 33,025,430 34,221,258
Retained Earnings [Member]    
Noninterest expenses    
Net income $ 41,711 $ 26,751
Cash dividends declared per common share (in dollars per share) $ 0.48 $ 0.46