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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income:    
Loans and leases $ 383,430 $ 391,911
Securities and money market investments 39,678 49,131
Total interest income 423,108 441,042
Interest Expense:    
Interest-bearing checking and money market accounts 8,652 28,564
Savings accounts 6,255 8,934
Certificates of deposit 18,471 79,555
Borrowed funds 72,071 79,522
Total interest expense 105,449 196,575
Net interest income 317,659 244,467
Provision for credit losses 3,569 20,601
Net interest income after provision for credit losses 314,090 223,866
Non-Interest Income:    
Fee income 5,539 7,018
Bank-owned life insurance 6,890 7,389
Net (loss) gain on securities (483) 534
Other 2,461 1,958
Total non-interest income 14,407 16,899
Operating expenses:    
Compensation and benefits 78,026 79,451
Occupancy and equipment 21,481 17,875
General and administrative 32,894 28,196
Total non-interest expense 132,401 125,522
Income before income taxes 196,096 115,243
Income tax expense 50,500 14,915
Net income 145,596 100,328
Preferred stock dividends 8,207 8,207
Net income available to common shareholders $ 137,389 $ 92,121
Basic earnings per common share $ 0.29 $ 0.20
Diluted earnings per common share $ 0.29 $ 0.20
Net income $ 145,596 $ 100,328
Other comprehensive loss, net of tax:    
Change in net unrealized loss on securities available for sale, net of tax of $41,123 and $4,611, respectively (108,689) (12,157)
Change in pension and post-retirement obligations, net of tax of ($1,238) and ($19), respectively 3,271 45
Change in net unrealized gain (loss) on cash flow hedges, net of tax of $(1,245) and $13,397, respectively 3,287 (35,888)
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $0; $206, respectively 0 (543)
Reclassification adjustment for defined benefit pension plan, net of tax of ($462), ($487), respectively 1,219 1,288
Reclassification adjustment for net gain (loss) on cash flow hedges included in net income, net of tax of ($1,617) and $178, respectively 4,274 (467)
Total other comprehensive loss, net of tax (96,638) (47,722)
Total comprehensive income, net of tax $ 48,958 $ 52,606