XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans and leases, including fees $ 94,200 $ 98,796 $ 281,669 $ 300,326
Investment securities:        
Investment securities available-for-sale 8,447 9,222 26,945 29,985
Investment securities held-to-maturity 3,375 4,298 11,033 13,249
Total investment income 11,822 13,520 37,978 43,234
Dividends from FHLB stock 215 301 761 931
Interest-earning deposits with other institutions 389 946 1,285 1,140
Total interest income 106,626 113,563 321,693 345,631
Interest expense:        
Deposits 2,958 4,589 10,077 12,553
Borrowings and customer repurchase agreements 232 568 972 3,555
Junior subordinated debentures 111 247 444 771
Total interest expense 3,301 5,404 11,493 16,879
Net interest income before provision for credit losses 103,325 108,159 310,200 328,752
Provision for credit losses 0 1,500 23,500 5,000
Net interest income after provision for credit losses 103,325 106,659 286,700 323,752
Noninterest income:        
BOLI income 1,469 1,797 5,211 4,482
Gain on OREO, net 13   23 129
Gain on sale of building, net 1,680   1,680 4,545
Gain on eminent domain condemnation, net     0 5,685
Other 3,160 2,297 8,736 6,944
Total noninterest income 13,153 11,894 36,945 46,402
Noninterest expense:        
Salaries and employee benefits 31,034 30,122 90,617 88,286
Occupancy and equipment 5,275 4,879 15,143 15,730
Professional services 2,019 1,688 6,643 5,653
Computer software expense 2,837 2,663 8,407 8,032
Marketing and promotion 728 1,517 3,538 4,149
Amortization of intangible assets 2,292 2,648 7,182 8,338
Acquisition related expenses   244   6,005
Other 5,403 3,774 13,097 13,474
Total noninterest expense 49,588 47,535 144,627 149,667
Earnings before income taxes 66,890 71,018 179,018 220,487
Income taxes 19,398 20,595 51,915 63,941
Net earnings 47,492 50,423 127,103 156,546
Other comprehensive income:        
Unrealized (loss) gain on securities arising during the period, before tax (2,004) 5,423 33,334 43,136
Less: Reclassification adjustment for net gain on securities included in net income 0 (5) 0 (5)
Other comprehensive (loss) income, before tax (2,004) 5,418 33,334 43,131
Less: Income tax benefit (expense) related to items of other comprehensive income 593 (1,602) (9,855) (12,751)
Other comprehensive (loss) income, net of tax (1,411) 3,816 23,479 30,380
Comprehensive income $ 46,081 $ 54,239 $ 150,582 $ 186,926
Basic earnings per common share $ 0.35 $ 0.36 $ 0.93 $ 1.12
Diluted earnings per common share $ 0.35 $ 0.36 $ 0.93 $ 1.12
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 3,970 $ 4,833 $ 12,555 $ 15,039
Trust and Investment Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax 2,405 2,330 7,302 6,964
Bankcard Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 456 $ 637 $ 1,438 $ 2,614