XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Interest and fees on loans $ 82,182 $ 89,296 $ 260,124 $ 278,979
Interest and dividends on investment securities 5,877 4,141 15,878 14,139
Interest on balances with other banks and short-term investments 1,083 384 2,239 2,104
Interest on federal funds sold 10 12 25 84
Total interest income 89,152 93,833 278,266 295,306
Interest Expense        
Interest on deposits 6,590 10,995 21,288 44,055
Interest on customer repurchase agreements 14 84 34 257
Interest on short-term borrowings 506 505 1,502 1,363
Interest on long-term borrowings 2,997 3,211 9,114 9,486
Total interest expense 10,107 14,795 31,938 55,161
Net Interest Income 79,045 79,038 246,328 240,145
(Credit) Provision for Credit Losses (8,203) 6,607 (14,409) 40,654
Provision for Unfunded Commitments 716 (2,078) (487) 974
Net Interest Income After (Credit) Provision For Credit Losses 86,532 74,509 261,224 198,517
Noninterest Income        
Service charges on deposits 1,204 1,061 3,303 3,428
Gain on sale of loans 3,332 12,226 11,988 16,249
Gain on sale of investment securities 1,519 115 2,058 1,650
Increase in the cash surrender value of bank owned life insurance 642 413 1,429 1,655
Other income 1,602 4,029 11,033 12,827
Total noninterest income 8,299 17,844 29,811 35,809
Noninterest Expense        
Salaries and employee benefits 22,145 19,388 63,790 54,289
Premises and equipment expenses 3,859 5,125 11,121 12,414
Marketing and advertising 1,013 928 2,879 3,117
Data processing 2,886 2,700 8,451 7,955
Legal, accounting and professional fees 2,021 3,097 8,523 14,064
FDIC insurance 1,549 2,152 5,586 5,556
Other expenses 2,902 3,525 9,506 11,759
Total noninterest expense 36,375 36,915 109,856 109,154
Income Before Income Tax Expense 58,456 55,438 181,179 125,172
Income Tax Expense 14,847 14,092 46,108 31,847
Net Income $ 43,609 $ 41,346 $ 135,071 $ 93,325
Earnings Per Common Share        
Basic net income per common share (in dollars per share) $ 1.36 $ 1.28 $ 4.23 $ 2.88
Diluted net income per common share (in dollars per share) $ 1.36 $ 1.28 $ 4.22 $ 2.88