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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 $ 163,985 $ 175,523
Investment securities:    
Taxable 13,691 16,294
Tax-exempt 5,653 4,709
Loans held for sale 471 320
Other interest income 1,136 2,532
Total Interest Income 184,936 199,378
Interest Expense    
Deposits 9,602 26,440
Short-term borrowings 188 4,073
Long-term borrowings 10,698 8,119
Total Interest Expense 20,488 38,632
Net Interest Income 164,448 160,746
Provision for credit losses (5,500) 44,030
Net Interest Income After Provision for Credit Losses 169,948 116,716
Non-Interest Income    
Non-interest income before investment securities gains 61,922 54,598
Investment securities gains, net 33,475 46
Total Non-Interest Income 95,397 54,644
NON-INTEREST EXPENSE    
Salaries and employee benefits 82,586 80,228
Net occupancy 13,982 13,486
Data processing and software 13,561 11,645
Other outside services 8,490 7,881
State taxes 4,505 2,804
Equipment 3,428 3,418
Professional fees 2,779 4,202
FDIC insurance 2,624 2,808
Amortization of TCI 1,531 1,450
Marketing 1,002 1,579
Intangible amortization 115 132
Debt extinguishment 32,163 0
Other 11,618 12,919
Total Non-Interest Expense 178,384 142,552
Income Before Income Taxes 86,961 28,808
Income taxes 13,898 2,761
Net Income 73,063 26,047
Preferred stock dividends (2,591) 0
Net Income Available to Common Shareholders $ 70,472 $ 26,047
PER SHARE:    
Net Income (Basic) (in dollars per share) $ 0.43 $ 0.16
Net Income (Diluted) (in dollars per share) 0.43 0.16
Cash Dividends (in dollars per share) $ 0.14 $ 0.13
Investment management and trust services    
Non-Interest Income    
Non-interest income before investment securities gains $ 17,347 $ 15,055
Other service charges and fees    
Non-Interest Income    
Non-interest income before investment securities gains 16,342 18,419
Service charges on deposit accounts    
Non-Interest Income    
Non-interest income before investment securities gains 10,754 11,239
Mortgage banking income    
Non-Interest Income    
Non-interest income before investment securities gains 13,960 6,234
Other    
Non-Interest Income    
Non-interest income before investment securities gains $ 3,519 $ 3,651