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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest, fee and dividend income        
Interest and fees on loans $ 77,270 $ 81,271 $ 155,998 $ 160,592
Securities available for sale 5,600 6,031 11,353 11,953
Securities held to maturity 3,926 5,089 8,017 10,306
Other 650 842 1,479 1,726
Total interest, fee and dividend income 87,446 93,233 176,847 184,577
Interest expense        
Deposits 4,812 10,234 13,916 19,060
Short-term borrowings 972 2,760 2,769 5,997
Long-term debt 393 471 786 893
Subordinated debt 128 0 128 0
Junior subordinated debt 695 1,141 1,621 2,309
Total interest expense 7,000 14,606 19,220 28,259
Net interest income 80,446 78,627 157,627 156,318
Provision for loan losses [1] 18,840 7,277 48,480 13,084
Net interest income after provision for loan losses 61,606 71,350 109,147 143,234
Noninterest income        
Service charges on deposit accounts 2,529 4,224 6,526 8,460
ATM and debit card fees 6,136 6,156 11,990 11,681
Retirement plan administration fees 9,214 7,836 17,155 15,570
Wealth management 6,823 7,122 14,096 13,685
Insurance 3,292 3,547 7,561 8,291
Bank owned life insurance income 1,381 1,186 2,755 2,563
Net securities gains (losses) 180 (69) (632) (12)
Other 5,456 4,239 10,983 7,824
Total noninterest income 35,011 34,241 70,434 68,062
Noninterest expense        
Salaries and employee benefits 39,717 38,567 80,467 77,923
Occupancy 5,065 5,443 11,060 11,718
Data processing and communications 4,079 4,693 8,312 9,107
Professional fees and outside services 3,403 3,359 7,300 7,027
Equipment 4,779 4,518 9,421 9,275
Office supplies and postage 1,455 1,577 3,091 3,168
FDIC expense 993 949 1,304 1,966
Advertising 322 641 931 1,144
Amortization of intangible assets 883 893 1,717 1,861
Loan collection and other real estate owned, net 728 961 1,745 1,746
Other 3,916 4,630 10,873 9,756
Total noninterest expense 65,340 66,231 136,221 134,691
Income before income tax expense 31,277 39,360 43,360 76,605
Income tax expense 6,564 8,805 8,279 16,923
Net income $ 24,713 $ 30,555 $ 35,081 $ 59,682
Earnings per share        
Basic (in dollars per share) $ 0.57 $ 0.70 $ 0.80 $ 1.36
Diluted (in dollars per share) $ 0.56 $ 0.69 $ 0.80 $ 1.35
[1] Beginning January 1, 2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on incurred loss methodology.