XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Loans receivable:    
Taxable $ 85,105 $ 96,652
Tax exempt 5,339 5,315
Investment securities:    
Taxable 6,695 7,631
Tax exempt 12,385 9,335
Deposits with financial institutions 114 575
Federal Home Loan Bank stock 178 299
Total Interest Income 109,816 119,807
INTEREST EXPENSE    
Deposits 6,200 21,748
Federal funds purchased 2 111
Securities sold under repurchase agreements 87 352
Federal Home Loan Bank advances 1,442 1,774
Subordinated debentures and other borrowings 1,657 1,945
Total Interest Expense 9,388 25,930
NET INTEREST INCOME 100,428 93,877
Provision for credit losses - loans 0 19,752
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 100,428 74,125
OTHER INCOME    
Net gains and fees on sales of loans 3,986 3,363
Increase in cash surrender value of life insurance 1,189 1,360
Gains on life insurance benefits 147 0
Net realized gains on sales of available for sale securities 1,799 4,612
Other income 232 265
Total Other Income 24,091 29,799
OTHER EXPENSES    
Salaries and employee benefits 38,811 39,243
Net occupancy 6,491 5,801
Equipment 5,030 4,344
Marketing 1,124 1,443
Outside data processing fees 4,244 4,199
Printing and office supplies 283 387
Intangible asset amortization 1,357 1,514
FDIC assessments 1,368 1,523
Other real estate owned and foreclosure expenses 734 505
Professional and other outside services 2,543 2,258
Other expenses 4,113 4,954
Total Other Expenses 66,098 66,171
INCOME BEFORE INCOME TAX 58,421 37,753
Income tax expense 8,952 3,490
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 49,469 $ 34,263
Per Share Data:    
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.92 $ 0.63
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.91 0.62
Cash Dividends Paid (in dollars per share) $ 0.26 $ 0.26
Average Diluted Shares Outstanding (in shares) 54,133,622 54,917,760
Service charges on deposit accounts    
OTHER INCOME    
Other income $ 5,264 $ 5,970
Fiduciary and wealth management fees    
OTHER INCOME    
Other income 6,422 5,985
Card payment fees    
OTHER INCOME    
Other income 4,367 5,907
Derivative hedge fees    
OTHER INCOME    
Other income 317 1,939
Other customer fees    
OTHER INCOME    
Other income $ 368 $ 398