XML 26 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income - (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Interest and fees on loans $ 89,238 $ 96,755
Interest and dividends on investment securities 4,395 5,427
Interest on balances with other banks and short-term investments 553 1,559
Interest on federal funds sold 8 60
Total interest income 94,194 103,801
Interest Expense    
Interest on deposits 7,899 20,546
Interest on customer repurchase agreements 11 87
Interest on short-term borrowings 495 357
Interest on long-term borrowings 3,138 3,067
Total interest expense 11,543 24,057
Net Interest Income 82,651 79,744
Provision for Credit Losses (2,350) 14,310
Provision for Unfunded Commitments (442) 2,112
Net Interest Income After Provision For Credit Losses 85,443 63,322
Noninterest Income    
Service charges on deposits 977 1,425
Gain on sale of loans 5,178 944
Gain on sale of investment securities 221 822
Increase in the cash surrender value of bank owned life insurance 389 414
Other income 3,822 1,865
Total noninterest income 10,587 5,470
Noninterest Expense    
Salaries and employee benefits 21,769 17,797
Premises and equipment expenses 3,618 3,821
Marketing and advertising 886 1,078
Data processing 2,814 2,496
Legal, accounting and professional fees 2,999 6,988
FDIC insurance 2,428 1,424
Other expenses 3,473 3,743
Total noninterest expense 37,987 37,347
Income Before Income Tax Expense 58,043 31,445
Income Tax Expense 14,574 8,322
Net Income $ 43,469 $ 23,123
Earnings Per Common Share    
Basic net income per common share (in dollars per share) $ 1.36 $ 0.70
Diluted net income per common share (in dollars per share) $ 1.36 $ 0.70