Noninterest Income and Noninterest Expense

12 Months Ended

Dec. 31, 2020

Other Income And Expenses [Abstract]

Noninterest Income and Noninterest Expense

Note 14. 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 12 – Derivatives.

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

	Years Ended December 31,
(in thousands)	2020			2019			2018
Other noninterest income:
Income from bank-owned life insurance	$	18,179		$	14,946		$	12,424
Credit-related fees		11,255			11,399			11,065
Income from derivatives		12,814			12,958			5,368
Other miscellaneous income		13,155			14,635			14,929
Total other noninterest income	$	55,403		$	53,938		$	43,786
Other noninterest expense:
Advertising	$	13,011		$	15,251		$	12,334
Corporate value and franchise taxes		16,578			15,949			13,595
Entertainment and contributions		9,865			10,777			11,359
Telecommunication and postage		14,991			14,588			14,659
Printing and supplies		5,063			4,947			5,548
Travel expenses		2,297			5,278			5,338
Tax credit investment amortization		3,843			4,943			5,166
Other retirement expense		(25,133	)		(16,561	)		(18,661	)
Other miscellaneous expense		26,790			37,282			31,355
Total other noninterest expense	$	67,305		$	92,454		$	80,693