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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 62,565 $ 72,536
Interest and dividends on investment securities:    
Taxable interest income 8,611 9,508
Non-taxable interest income 1,005 1,151
Other interest income 150 1,238
Total interest income 72,331 84,433
Interest expense:    
Deposits 3,732 12,227
Federal funds purchased and securities sold under agreements to repurchase 57 408
Short-term borrowings 19 67
Long-term debt 29 423
Senior notes 400 400
Subordinated notes 2,476 731
Junior subordinated debt owed to unconsolidated trusts 725 744
Total interest expense 7,438 15,000
Net interest income 64,893 69,433
Provision for credit losses (6,796) 17,216
Net interest income after provision for credit losses 71,689 52,217
Non-interest income:    
Income on bank owned life insurance 964 1,057
Net gains (losses) on sales of securities 25 1,574
Unrealized gains (losses) recognized on equity securities 1,616 (987)
Other income 1,135 823
Total non-interest income 31,445 27,517
Non-interest expense:    
Salaries, wages, and employee benefits 30,384 34,003
Data processing 4,280 4,395
Net occupancy expense of premises 4,563 4,715
Furniture and equipment expenses 2,026 2,449
Professional fees 1,945 1,824
Amortization of intangible assets 2,401 2,557
Interchange expense 1,484 1,169
Other expense 7,416 9,402
Total non-interest expense 54,499 60,514
Income before income taxes 48,635 19,220
Income taxes 10,819 3,856
Net income $ 37,816 $ 15,364
Basic earnings per common share (in dollars per share) $ 0.69 $ 0.28
Diluted earnings per common share (in dollars per share) 0.69 0.28
Dividends declared per share of common stock (in dollars per share) $ 0.23 $ 0.22
Wealth management fees    
Non-interest income:    
Non-interest income $ 12,584 $ 11,555
Fees for customer services    
Non-interest income:    
Non-interest income 8,037 8,361
Remittance processing    
Non-interest income:    
Non-interest income 4,418 3,753
Mortgage revenue    
Non-interest income:    
Mortgage revenue $ 2,666 $ 1,381