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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Loans, including fees $ 82,447 $ 78,855 $ 160,109 $ 155,373
Securities:        
Taxable 1,602 2,047 3,295 4,633
Tax-exempt 70 154 140 252
Interest-bearing deposits with banks 825 395 1,420 5,164
Total interest income 84,944 81,451 164,964 165,422
INTEREST EXPENSE        
Deposits 2,003 3,750 4,325 13,150
Short-term borrowings   1 1 8
Subordinated debt 578 492 1,069 983
Total interest expense 2,581 4,243 5,395 14,141
Net interest income 82,363 77,208 159,569 151,281
(Benefit from) provision for credit losses (9,949) 19,333 (9,949) 38,916
Net interest income after (benefit from)/provision for credit losses 92,312 57,875 169,518 112,365
NONINTEREST INCOME        
Securities transactions (includes no accumulated other comprehensive income reclassifications) 172 (595) 267 (545)
Income from sales of loans 2,133 1,561 4,143 2,342
Insurance commissions 5,015 4,443 11,004 10,119
Cash management 3,068 4,255 6,071 8,575
Gain on sale of other assets 73 49 2,712 135
Other 10,369 2,241 14,366 4,014
Total noninterest income 44,618 32,082 84,553 67,227
NONINTEREST EXPENSE        
Salaries and employee benefits 41,992 42,226 81,569 81,982
Occupancy, net 4,528 3,839 8,876 7,385
Depreciation 4,133 3,544 8,010 7,035
Amortization of intangible assets 809 968 1,602 1,932
Data processing services 1,660 1,629 3,338 3,321
Net loss/(income) from other real estate owned 3,357 (12) 4,867 (2,147)
Marketing and business promotion 1,648 1,485 3,527 3,840
Deposit insurance 766 365 1,642 501
Other 15,130 10,607 25,555 22,187
Total noninterest expense 74,023 64,651 138,986 126,036
Income before taxes 62,907 25,306 115,085 53,556
Income tax expense 14,715 4,576 24,373 10,218
Net income $ 48,192 $ 20,730 $ 90,712 $ 43,338
NET INCOME PER COMMON SHARE        
Basic $ 1.47 $ 0.64 $ 2.77 $ 1.33
Diluted $ 1.45 $ 0.63 $ 2.72 $ 1.31
OTHER COMPREHENSIVE (LOSS) GAIN        
Unrealized (losses)/gains on debt securities, net of tax of $472, $85, $808 and $(2,091) respectively $ (1,007) $ (189) $ (2,013) $ 6,236
Comprehensive income 47,185 20,541 88,699 49,574
Trust Revenue [Member]        
NONINTEREST INCOME        
Revenue 3,264 3,368 6,366 7,023
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Revenue $ 20,524 $ 16,760 $ 39,624 $ 35,564