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, 2020
Mar. 31, 2019
Interest and fees on loans $ 89,385 $ 85,524
Taxable securities 5,154 3,746
Nontaxable securities 233 446
Federal funds sold 277 1,219
Other interest and dividends 1,718 2,764
Total interest income 96,767 93,699
Deposits 16,745 22,145
Borrowed funds 2,382 2,776
Total interest expense 19,127 24,921
Net interest income 77,640 68,778
Provision for loan losses 13,584 4,885
Net interest income after provision for loan losses 64,056 63,893
Increase in cash surrender value life insurance 1,453 762
Other operating income 469 329
Total noninterest income 6,674 4,944
Salaries and employee benefits 15,658 14,265
Equipment and occupancy 2,400 2,259
Third party processing and other services 3,345 2,411
Professional services 948 994
FDIC and other regulatory assessments 1,332 1,019
Other real estate owned 601 22
Other operating expense 3,636 4,358
Total noninterest expense 27,920 25,328
Income before income taxes 42,810 43,509
Provision for income taxes 8,032 8,499
Net income 34,778 35,010
Dividends on preferred stock 0 0
Net income available to common stockholders $ 34,778 $ 35,010
Basic earnings per common share (in dollars per share) $ 0.65 $ 0.65
Diluted earnings per common share (in dollars per share) $ 0.64 $ 0.65
Deposit Account [Member]    
Noninterest income $ 1,916 $ 1,702
Mortgage Banking [Member]    
Noninterest income 1,071 575
Credit Card [Member]    
Noninterest income $ 1,765 $ 1,576