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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Loans, including fees $ 146,424 $ 187,566
Interest bearing balances due from banks and federal funds sold 798 2,441
Investment securities 21,573 18,943
Mortgage loans held for sale 639 281
TOTAL INTEREST INCOME 169,434 209,231
INTEREST EXPENSE    
Deposits 13,179 31,277
Federal funds purchased and securities sold under agreements to repurchase 245 759
Other borrowings 4,802 4,877
Subordinated notes and debentures 4,527 4,835
TOTAL INTEREST EXPENSE 22,753 41,748
NET INTEREST INCOME 146,681 167,483
Provision for credit loss expense 1,445 23,134
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 145,236 144,349
NON-INTEREST INCOME    
Investment banking income 695 877
Bank owned life insurance income 1,523 1,298
Gain on sale of securities, net 5,471 32,095
Other income 10,260 12,801
TOTAL NON-INTEREST INCOME 51,903 82,394
NON-INTEREST EXPENSE    
Salaries and employee benefits 60,340 67,924
Occupancy expense, net 9,300 9,510
Furniture and equipment expense 5,415 5,723
Other real estate and foreclosure expense 343 325
Deposit insurance 1,308 2,475
Merger related costs 233 1,068
Other operating expenses 38,417 41,788
TOTAL NON-INTEREST EXPENSE 115,356 128,813
INCOME BEFORE INCOME TAXES 81,783 97,930
Provision for income taxes 14,363 20,694
NET INCOME 67,420 77,236
Preferred stock dividends 13 13
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 67,407 $ 77,223
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.62 $ 0.68
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.62 $ 0.68
Trust income    
NON-INTEREST INCOME    
Non-interest income $ 6,666 $ 7,151
Service charges on deposit accounts    
NON-INTEREST INCOME    
Non-interest income 9,715 13,328
Other service charges and fees    
NON-INTEREST INCOME    
Non-interest income 1,922 1,588
Mortgage lending income    
NON-INTEREST INCOME    
Non-interest income 6,447 5,046
SBA lending income    
NON-INTEREST INCOME    
Non-interest income 240 296
Debit and credit card fees    
NON-INTEREST INCOME    
Non-interest income $ 8,964 $ 7,914