Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 93,803 $ 89,385
Taxable securities 5,807 5,154
Nontaxable securities 107 233
Federal funds sold 3 277
Other interest and dividends 676 1,718
Total interest income 100,396 96,767
Interest expense:    
Deposits 6,881 16,745
Borrowed funds 1,150 2,382
Total interest expense 8,031 19,127
Net interest income 92,365 77,640
Provision for credit losses 7,451 13,584
Net interest income after provision for credit losses 84,914 64,056
Noninterest income:    
Increase in cash surrender value life insurance 1,658 1,453
Other operating income 958 469
Total noninterest income 8,463 6,674
Noninterest expense:    
Salaries and employee benefits 15,543 15,658
Equipment and occupancy 2,654 2,400
Third party processing and other services 3,416 3,457
Professional services 923 948
FDIC and other regulatory assessments 1,582 1,332
Other real estate owned 157 601
Other operating expense 4,639 3,524
Total noninterest expense 28,914 27,920
Income before income taxes 64,463 42,810
Provision for income taxes 13,008 8,032
Net income 51,455 34,778
Dividends on preferred stock 0 0
Net income available to common stockholders $ 51,455 $ 34,778
Basic earnings per common share (in dollars per share) $ 0.95 $ 0.65
Diluted earnings per common share (in dollars per share) $ 0.95 $ 0.64
Deposit Account [Member]    
Noninterest income:    
Noninterest income $ 1,908 $ 1,916
Mortgage Banking [Member]    
Noninterest income:    
Noninterest income 2,747 1,071
Credit Card [Member]    
Noninterest income:    
Noninterest income $ 1,192 $ 1,765