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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Loans and leases, including fees $ 91,726 $ 95,352 $ 183,521 $ 187,469
Investment securities:        
Investment securities available-for-sale 9,410 8,449 18,569 18,498
Investment securities held-to-maturity 5,130 3,660 9,070 7,658
Total investment income 14,540 12,109 27,639 26,156
Dividends from FHLB stock 283 214 500 546
Interest-earning deposits with other institutions 479 283 892 896
Total interest income 107,028 107,958 212,552 215,067
Interest expense:        
Deposits 1,425 2,995 3,237 7,119
Borrowings and customer repurchase agreements 132 261 273 740
Junior subordinated debentures 83 133 186 333
Total interest expense 1,640 3,389 3,696 8,192
Net interest income before (recapture of) provision for credit losses 105,388 104,569 208,856 206,875
(Recapture of) provision for credit losses (2,000) 11,500 (21,500) 23,500
Net interest income after (recapture of)  provision for credit losses 107,388 93,069 230,356 183,375
Noninterest income:        
BOLI income 1,240 1,683 5,864 3,742
Gain on OREO, net 48 0 477 10
Other 1,679 3,778 3,361 5,576
Total noninterest income 10,836 12,152 24,517 23,792
Noninterest expense:        
Salaries and employee benefits 28,836 28,706 58,542 59,583
Occupancy and equipment 4,949 5,031 9,812 9,868
Professional services 2,248 2,368 4,416 4,624
Computer software expense 2,657 2,754 5,501 5,570
Marketing and promotion 1,799 1,255 2,524 2,810
Amortization of intangible assets 2,167 2,445 4,334 4,890
(Recapture of) provision for unfunded loan commitments (1,000) 0 (1,000) 0
Other 4,889 3,839 9,579 7,694
Total noninterest expense 46,545 46,398 93,708 95,039
Earnings before income taxes 71,679 58,823 161,165 112,128
Income taxes 20,500 17,192 46,093 32,517
Net earnings 51,179 41,631 115,072 79,611
Other comprehensive (loss) income:        
Unrealized gain (loss) on securities arising during the period, before tax 8,937 (1,280) (31,373) 35,338
Less: Income tax (expense) benefit related to items of other comprehensive income (2,642) 378 9,275 (10,448)
Other comprehensive income (loss), net of tax 6,295 (902) (22,098) 24,890
Comprehensive income $ 57,474 $ 40,729 $ 92,974 $ 104,501
Basic earnings per common share $ 0.38 $ 0.31 $ 0.85 $ 0.58
Diluted earnings per common share $ 0.38 $ 0.31 $ 0.85 $ 0.58
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 4,169 $ 3,809 $ 8,154 $ 8,585
Trust and Investment Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax 3,167 2,477 5,778 4,897
Bankcard Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 533 $ 405 $ 883 $ 982