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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest Income        
Interest and fees on loans $ 92,928 $ 101,889 $ 189,683 $ 199,710
Interest and dividends on investment securities 4,571 5,238 9,998 10,836
Interest on balances with other banks and short-term investments 161 1,105 1,720 2,771
Interest on federal funds sold 12 47 72 96
Total interest income 97,672 108,279 201,473 213,413
Interest Expense        
Interest on deposits 12,514 22,461 33,060 43,361
Interest on customer repurchase agreements 86 75 173 173
Interest on short-term borrowings 501 1,435 858 1,575
Interest on long-term borrowings 3,208 2,979 6,275 5,958
Total interest expense 16,309 26,950 40,366 51,067
Net Interest Income 81,363 81,329 161,107 162,346
Provision for Credit Losses 19,737 3,600 34,047 6,960
Provision for Unfunded Commitments 940   3,052  
Net Interest Income After Provision For Credit Losses 60,686 77,729 124,008 155,386
Noninterest Income        
Service charges on deposits 942 1,606 2,367 3,300
Gain on sale of loans 3,079 1,923 4,023 3,311
Gain on sale of investment securities 713 563 1,535 1,475
Increase in the cash surrender value of bank owned life insurance 828 429 1,242 854
Other income 6,933 1,839 8,798 3,711
Total noninterest income 12,495 6,360 17,965 12,651
Noninterest Expense        
Salaries and employee benefits 17,104 17,743 34,901 41,387
Premises and equipment expenses 3,468 3,652 7,289 7,504
Marketing and advertising 1,111 1,268 2,189 2,416
Data processing 2,759 2,603 5,255 4,978
Legal, accounting and professional fees 3,979 2,740 10,967 4,449
FDIC insurance 1,980 1,126 3,404 2,242
Other expenses 4,491 4,227 8,234 8,687
Total noninterest expense 34,892 33,359 72,239 71,663
Income Before Income Tax Expense 38,289 50,730 69,734 96,374
Income Tax Expense 9,433 13,487 17,755 25,382
Net Income $ 28,856 $ 37,243 $ 51,979 $ 70,992
Earnings Per Common Share        
Basic (in dollars per share) $ 0.90 $ 1.08 $ 1.60 $ 2.06
Diluted (in dollars per share) $ 0.90 $ 1.08 $ 1.60 $ 2.05