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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 $ 92,114 $ 99,230
Investment securities:    
Taxable 4,875 16,488
Tax-exempt 395 766
Other interest income 490 128
Total interest income 97,874 116,612
Interest expense:    
Savings deposits 929 3,235
Time deposits 3,198 5,970
Securities sold under repurchase agreements 141 465
Other borrowings 1,889 2,826
Junior subordinated deferrable interest debentures 708 1,273
Total interest expense 6,865 13,769
Net interest income 91,009 102,843
Provision for credit losses 1,192 16,836
Net interest income after provision for credit losses 89,817 86,007
Non-interest income:    
Investment securities transactions, net (4) (5)
Other investments, net 4,085 (231)
Other income 3,630 4,809
Total non-interest income 36,237 35,130
Non-interest expense:    
Employee compensation and benefits 30,162 36,330
Occupancy 5,617 6,899
Depreciation of bank premises and equipment 6,799 7,109
Professional fees 2,836 3,970
Deposit insurance assessments 887  
Net expense, other real estate owned 1,245 3,002
Advertising 1,423 1,984
Software and software maintenance 4,440 4,491
Other 8,776 13,197
Total non-interest expense 62,185 76,982
Income before income taxes 63,869 44,155
Provision for income taxes 13,098 9,317
Net income $ 50,771 $ 34,838
Basic earnings per common share:    
Weighted average number of shares outstanding (in shares) 63,307,455 65,070,589
Net income (in dollars per share) $ 0.80 $ 0.54
Fully diluted earnings per common share:    
Weighted average number of shares outstanding (in shares) 63,419,706 65,228,824
Net income (in dollars per share) $ 0.80 $ 0.53
Services charges on deposit accounts    
Non-interest income:    
Service charges $ 14,903 $ 17,637
Other service charges, commissions and fees, Banking    
Non-interest income:    
Service charges 12,183 11,166
Other service charges, commissions and fees, Non-banking    
Non-interest income:    
Service charges $ 1,440 $ 1,754