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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Interest and fees on loans $ 284,959 $ 304,193 $ 251,249
Interest and dividends on investment securities:      
Taxable interest income 35,364 41,090 27,595
Non-taxable interest income 4,552 4,631 4,698
Other interest income 1,723 6,320 2,491
Total interest income 326,598 356,234 286,033
Interest expense:      
Deposits 30,691 55,077 32,601
Federal funds purchased and securities sold under agreements to repurchase 660 2,348 1,626
Short-term borrowings 234 1,041 1,536
Long-term debt 525 2,608 906
Senior notes 1,598 1,599 1,598
Subordinated notes 6,995 2,924 3,110
Junior subordinated debt owed to unconsolidated trusts 2,960 3,414 3,250
Total interest expense 43,663 69,011 44,627
Net interest income 282,935 287,223 241,406
Provision for credit losses 38,797 10,406 4,429
Net interest income after provision for credit losses 244,138 276,817 236,977
Non-interest income:      
Income on bank owned life insurance 5,380 5,795 3,726
Net gains (losses) on sales of securities 1,724 741 (1,831)
Unrealized gains (losses) recognized on equity securities (393) (759) 2,162
Other income 8,588 8,649 6,193
Total non-interest income 118,265 116,415 89,993
Non-interest expense:      
Salaries, wages, and employee benefits 126,719 140,473 107,844
Data processing 16,426 21,511 16,383
Net occupancy expense of premises 17,607 18,176 14,803
Furniture and equipment expenses 9,550 9,506 7,233
Professional fees 8,396 11,104 5,389
Amortization of intangible assets 10,008 9,547 5,854
Interchange expense 4,810 4,141 3,626
Other expense 40,681 44,336 31,911
Total non-interest expense 234,197 258,794 193,043
Income before income taxes 128,206 134,438 133,927
Income taxes 27,862 31,485 34,999
Net income $ 100,344 $ 102,953 $ 98,928
Basic earnings per common share (in dollars per share) $ 1.84 $ 1.88 $ 2.02
Diluted earnings per common share (in dollars per share) 1.83 1.87 2.01
Dividends declared per share of common stock (in dollars per share) $ 0.88 $ 0.84 $ 0.80
Wealth management fees      
Non-interest income:      
Non-interest income $ 42,928 $ 38,561 $ 30,974
Fees for customer services      
Non-interest income:      
Non-interest income 31,604 36,683 28,879
Remittance processing      
Non-interest income:      
Non-interest income 15,396 15,042 14,345
Mortgage revenue      
Non-interest income:      
Mortgage revenue $ 13,038 $ 11,703 $ 5,545