XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest, fee and dividend income      
Interest and fees on loans $ 307,859 $ 321,474 $ 300,827
Securities available for sale 22,434 23,303 26,920
Securities held to maturity 15,283 19,105 13,242
Other 2,706 3,652 3,266
Total interest, fee and dividend income 348,282 367,534 344,255
Interest expense      
Deposits 22,070 39,986 22,144
Short-term borrowings 3,408 9,693 10,552
Long-term debt 1,553 1,875 1,790
Subordinated debt 2,842 0 0
Junior subordinated debt 2,731 4,425 4,140
Total interest expense 32,604 55,979 38,626
Net interest income 315,678 311,555 305,629
Provision for loan losses [1] 51,134 25,412 28,828
Net interest income after provision for loan losses 264,544 286,143 276,801
Noninterest income      
Service charges on deposit accounts 13,201 17,151 17,224
ATM and debit card fees 25,960 23,893 22,699
Retirement plan administration fees 35,851 30,388 26,992
Wealth management 29,247 28,400 28,747
Insurance 14,757 15,770 15,122
Bank owned life insurance 5,743 5,355 5,091
Net securities (losses) gains (388) 4,213 (6,341)
Other 21,905 18,853 15,228
Total noninterest income 146,276 144,023 124,762
Noninterest expense      
Salaries and employee benefits 161,934 156,867 151,685
Occupancy 21,634 22,706 22,318
Data processing and communications 16,527 18,318 17,652
Professional fees and outside services 15,082 14,785 14,376
Equipment 19,889 18,583 17,037
Office supplies and postage 6,138 6,579 6,204
FDIC expenses 2,688 1,946 4,651
Advertising 2,288 2,773 2,782
Amortization of intangible assets 3,395 3,579 4,042
Loan collection and other real estate owned, net 3,295 4,158 4,217
Other 24,863 24,440 19,597
Total noninterest expense 277,733 274,734 264,561
Income before income tax expense 133,087 155,432 137,002
Income tax expense 28,699 34,411 24,436
Net income $ 104,388 $ 121,021 $ 112,566
Earnings per share      
Basic (in dollars per share) $ 2.39 $ 2.76 $ 2.58
Diluted (in dollars per share) $ 2.37 $ 2.74 $ 2.56
[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.