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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Loans, including fees $ 96,428 $ 103,249 $ 292,853 $ 324,924
Investment securities        
Taxable 20,088 17,906 58,219 55,387
Tax-exempt 4,282 4,884 14,196 14,403
Total interest on investment securities 24,370 22,790 72,415 69,790
Other earning assets 23 31 76 220
Total interest income 120,821 126,070 365,344 394,934
Interest expense        
Deposits 3,320 7,886 11,346 36,002
Short-term borrowings 68 51 188 6,412
Long-term borrowings 4,023 5,953 12,498 14,482
Total interest expense 7,411 13,890 24,032 56,896
Net interest income 113,410 112,180 341,312 338,038
Provision for Credit Losses-loans and leases (8,193) 15,299 (9,499) 57,038
Provision for credit losses-unfunded commitments (1,951) (1,925) (896) 2,013
Net interest income after provision for credit losses 123,554 98,806 351,707 278,987
Noninterest income        
Service Charges on Deposit Accounts 8,548 7,356 23,231 21,792
Trust and wealth management fees 5,896 4,940 17,742 15,891
Bankcard income 3,838 3,124 10,698 8,666
Client derivative fees 2,273 2,203 5,624 8,292
Foreign exchange income 9,191 10,530 31,985 27,072
Net gain from sales of loans 8,586 18,594 26,529 38,087
Net gain (loss) on sales/transfers of investment securities (314) 2 (745) (55)
Net gain (loss) on equity securities 108 18 381 70
Other 4,411 2,732 10,401 7,793
Total noninterest income 42,537 49,499 125,846 127,608
Noninterest expenses        
Salaries and employee benefits 61,717 63,769 183,754 174,516
Net occupancy 5,571 5,625 16,810 17,107
Furniture and equipment 3,318 3,638 10,658 11,372
Data processing 7,951 6,837 23,102 20,245
Marketing 2,435 1,856 5,831 4,415
Communication 669 855 2,253 2,652
Professional services 2,199 2,443 5,678 6,923
State intangible tax 1,202 1,514 3,605 4,544
FDIC assessments 1,466 1,350 4,177 4,045
Intangible assets amortization 2,479 2,779 7,438 8,362
Other 10,051 6,845 27,901 21,685
Total noninterest expenses 99,058 97,511 291,207 275,866
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 67,033 50,794 186,346 130,729
Income tax expense 7,021 9,317 28,131 23,231
Net income $ 60,012 $ 41,477 $ 158,215 $ 107,498
Earnings per common share        
Basic $ 0.64 $ 0.43 $ 1.65 $ 1.10
Diluted $ 0.63 $ 0.42 $ 1.64 $ 1.10
Average common shares outstanding - basic 94,289,097 97,247,080 95,752,759 97,400,942
Average common shares outstanding - diluted 95,143,930 98,008,733 96,617,600 98,117,463