{"id":517376,"date":"2021-07-26T08:03:52","date_gmt":"2021-07-26T12:03:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/first-merchants-corporation-announces-second-quarter-2021-earnings-per-share\/"},"modified":"2021-07-26T08:03:52","modified_gmt":"2021-07-26T12:03:52","slug":"first-merchants-corporation-announces-second-quarter-2021-earnings-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-merchants-corporation-announces-second-quarter-2021-earnings-per-share\/","title":{"rendered":"First Merchants Corporation Announces Second Quarter 2021 Earnings Per Share"},"content":{"rendered":"
\n

MUNCIE, Ind., July 26, 2021 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME) has reported second quarter 2021 net income of $55.6 million compared to $33 million during the same period in 2020. Earnings per share for the period totaled $1.03 per share compared to the second quarter of 2020 result of $.62 per share. Year-to-date net income totaled $105 million compared to $67.3 million during the six months ended June 30, 2020. Year-to-date earnings per share totaled $1.94 compared to $1.24 during the same period in 2020.<\/p>\n

Total assets equaled $14.9 billion as of the quarter-ended June 30, 2021 and loans totaled $9.1 billion. The Corporation experienced organic loan growth of $289.6 million, or 3.4 percent during the last twelve months, offset by the forgiveness of Paycheck Protection Program (\u201cPPP\u201d) loans which accounted for a decline of $466.9 million. As a result, the loan portfolio decreased by $177.3 million, or 1.9 percent, during that period. Organic loan growth, on an annualized basis, was 6.7 percent in the second quarter 2021. Investments increased $1.4 billion, or 48.7 percent, during the last twelve months and now total $4.1 billion. Total deposits equaled $12.2 billion as of quarter-end and increased by $1.2 billion, or 11.3 percent, from the same period in 2020.
\u00a0\u00a0
The Corporation\u2019s Allowance for Credit Losses \u2013 Loans totaled $199.8 million as of quarter-end, or 2.19% of total loans. Net charge-offs for the quarter totaled $1.3 million and no provision expense was recorded. Provision expense taken during the three and six months ended June 30, 2020 of $21.9 million and $41.6 million, respectively, reflected our view of increased credit risk related to the COVID-19 pandemic. Non-accrual loans as of quarter-end totaled $57.6 million.<\/p>\n

Mark Hardwick, Chief Executive Officer, stated, \u201cOur management team is pleased with our record setting second quarter net income. It\u2019s very satisfying to achieve great financial results while serving our clients and communities. Our healthy levels of loan growth, earning asset growth, credit quality, capital levels and efficiency will lead us into the future. I am proud of our teammates for staying focused on our goals and continuously finding ways to win for our stakeholders.\u201d<\/p>\n

Net-interest income for the quarter totaled $104.3 million, an increase of $11.2 million from the second quarter of 2020, or 12.1 percent. Net interest margin, on a tax equivalent basis, totaling 3.22 percent, increased by 3 basis points compared to the second quarter of 2020. Yields on earning assets for the second quarter totaled 3.49 percent and cost of supporting liabilities totaled 27 basis points. Fair value accretion contributed less to margin as it accounted for 7 basis points in the second quarter of 2021, compared to 12 basis points in the second quarter of 2020. PPP loans contributed 15 basis points to margin during the second quarter of 2021, but subtracted 6 basis points from margin in the same quarter of 2020.<\/p>\n

Non-interest income totaled $30.9 million for the quarter, a $4.4 million increase over the second quarter of 2020. Gains from the sale of mortgage loans were exceptionally strong and enhanced by a large portfolio mortgage loan sale contributing a gain of $2.9 million during the quarter. Fiduciary and wealth management fees increased $1.9 million over the second quarter of 2020, which was offset by a decline in card payment fees due to the adoption of the Durbin Amendment. Non-interest expense totaled $69.3 million for the quarter compared to $60 million in the second quarter of 2020 and $66.1 million in the first quarter of 2021. Total expenses in the second quarter of 2020 were unusually low and reflected a $2.3 million deferral of salary expense related to PPP loan originations, a $1.1 million reduction in bonus accruals and a $1.6 million decrease in processing fees related to termination of a debit card rewards program. Total expenses increased on a linked quarter basis primarily due to increased salaries and incentives.<\/p>\n

The loan to deposit ratio now totals 74.9 percent and loan to asset ratio totals 61.3 percent. As of June 30, 2021, the Corporation\u2019s total risk-based capital ratio equaled 14.23 percent, the common equity tier 1 capital ratio equaled 11.94 percent, and the tangible common equity ratio totaled 9.04 percent. These ratios continue to reflect the Corporation\u2019s strong liquidity and capital positions.<\/p>\n

\n CONFERENCE CALL<\/strong>\n <\/p>\n

First Merchants Corporation will conduct a second quarter earnings conference call and web cast at 2:30 p.m. (ET) on Monday, July 26, 2021.<\/p>\n

To participate, dial (Toll Free) 877-507-0578 and reference First Merchants Corporation’s second quarter earnings release. International callers please call +1 412-317-1073. A replay of the call will be available until August 26, 2021. To access a replay of the call, US participants should dial (Toll Free) 877-344-7529, Canada participants should dial 855-669-9658, or for International participants, dial +1 412-317-0088. The replay access code is 10157361.<\/p>\n

In order to view the web cast and presentation slides, please go to http:\/\/services.choruscall.com\/links\/frme210726.html during the time of the call. A replay of the web cast will be available until July 26, 2022.<\/p>\n

Detailed financial results are reported on the attached pages.<\/p>\n

\n About First Merchants Corporation<\/strong>\n <\/p>\n

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).<\/p>\n

First Merchants Corporation\u2019s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company\u2019s Internet web page (http:\/\/www.firstmerchants.com<\/u>).<\/p>\n

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not always, be identified by the use of words like \u201cbelieve\u201d, \u201ccontinue\u201d, \u201cpattern\u201d, \u201cestimate\u201d, \u201cproject\u201d, \u201cintend\u201d, \u201canticipate\u201d, \u201cexpect\u201d and similar expressions or future or conditional verbs such as \u201cwill\u201d, would\u201d, \u201cshould\u201d, \u201ccould\u201d, \u201cmight\u201d, \u201ccan\u201d, \u201cmay\u201d, or similar expressions. These statements include statements of First Merchants\u2019 goals, intentions and expectations; statements regarding the First Merchants\u2019 business plan and growth strategies; statements regarding the asset quality of First Merchants\u2019 loan and investment portfolios; and estimates of First Merchants\u2019 risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: possible changes in monetary and fiscal policies, and laws and regulations; the effects of easing restrictions on participants in the financial services industry; the cost and other effects of legal and administrative cases; possible changes in the credit worthiness of customers and the possible impairment of collectability of loans; fluctuations in market rates of interest; competitive factors in the banking industry; changes in the banking legislation or regulatory requirements of federal and state agencies applicable to bank holding companies and banks like First Merchants\u2019 affiliate bank; continued availability of earnings and excess capital sufficient for the lawful and prudent declaration of dividends; changes in market, economic, operational, liquidity, credit and interest rate risks associated with the First Merchants\u2019 business; and other risks and factors identified in each of First Merchants\u2019 filings with the Securities and Exchange Commission. First Merchants does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to the matters discussed in this press release. In addition, First Merchants\u2019 past results of operations do not necessarily indicate its anticipated future results.<\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n CONSOLIDATED BALANCE SHEETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars In Thousands)<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
\n ASSETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$<\/td>\n167,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n229,759<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n438,863<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n380,021<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment securities, net of allowance for credit losses of $245,000 and $0<\/td>\n4,148,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,789,379<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n18,582<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n901<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans<\/td>\n9,121,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,298,541<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Allowance for credit losses – loans<\/td>\n(199,775<\/td>\n)<\/td>\n\u00a0<\/td>\n(121,119<\/td>\n)<\/td>\n<\/tr>\n
Net loans<\/td>\n8,921,475<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,177,422<\/td>\n\u00a0<\/td>\n<\/tr>\n
Premises and equipment<\/td>\n103,822<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112,548<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank stock<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,736<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest receivable<\/td>\n54,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,063<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill and other intangibles<\/td>\n573,786<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n575,855<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash surrender value of life insurance<\/td>\n294,462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n290,715<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned<\/td>\n601<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,367<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax asset, deferred and receivable<\/td>\n36,924<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,126<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n135,763<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n156,486<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n TOTAL ASSETS<\/strong>\n <\/td>\n$<\/td>\n14,923,097<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,819,378<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n LIABILITIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest-bearing<\/td>\n$<\/td>\n2,479,853<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,260,351<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing<\/td>\n9,723,547<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,705,637<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Deposits<\/strong>\n <\/td>\n12,203,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,965,988<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowings:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities sold under repurchase agreements<\/td>\n146,904<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n181,150<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank advances<\/td>\n334,243<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400,817<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subordinated debentures and other borrowings<\/td>\n118,498<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n285,197<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Borrowings<\/strong>\n <\/td>\n599,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n867,164<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest payable<\/td>\n2,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,587<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n245,323<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n171,544<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities<\/strong>\n <\/td>\n13,051,297<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,010,283<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n STOCKHOLDERS’ EQUITY<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Authorized — 600 shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Issued and outstanding – 125 shares<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common Stock, $.125 stated value:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Authorized — 100,000,000 shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Issued and outstanding – 53,972,386 and 53,795,500 shares<\/td>\n6,747<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,724<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n1,009,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,002,962<\/td>\n\u00a0<\/td>\n<\/tr>\n
Retained earnings<\/td>\n795,666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n735,439<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive income<\/td>\n60,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,845<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Stockholders’ Equity<\/strong>\n <\/td>\n1,871,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,809,095<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY<\/strong>\n <\/td>\n$<\/td>\n14,923,097<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,819,378<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n CONSOLIDATED STATEMENTS OF INCOME<\/strong>\n <\/td>\nThree Months Ended<\/td>\n\u00a0<\/td>\nSix Months Ended<\/td>\n<\/tr>\n
(Dollars In Thousands, Except Per Share Amounts)<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
\n INTEREST INCOME<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans receivable:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable<\/td>\n$<\/td>\n87,002\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n87,312\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n172,107\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n183,964\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-exempt<\/td>\n5,545\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,359\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,884\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,674\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment securities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable<\/td>\n7,440\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,147\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,135\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,778\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-exempt<\/td>\n13,071\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,019\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,456\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,354\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits with financial institutions<\/td>\n129\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n134\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n243\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n709\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank stock<\/td>\n88\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n281\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n266\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n580\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Interest Income<\/strong>\n <\/td>\n113,275\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,252\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n223,091\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n229,059\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n INTEREST EXPENSE<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits<\/td>\n5,823\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,707\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,023\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,455\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal funds purchased<\/td>\n2\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities sold under repurchase agreements<\/td>\n75\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n444\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank advances<\/td>\n1,452\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,794\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,894\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,568\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subordinated debentures and other borrowings<\/td>\n1,659\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,639\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,316\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,584\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Interest Expense<\/strong>\n <\/td>\n9,011\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,234\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,399\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,164\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n NET INTEREST INCOME<\/strong>\n <\/td>\n104,264\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,018\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n204,692\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n186,895\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for credit losses – loans<\/td>\n\u2014\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,895\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,647\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES<\/strong>\n <\/td>\n104,264\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71,123\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n204,692\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n145,248\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n OTHER INCOME<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Service charges on deposit accounts<\/td>\n5,596\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,312\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,860\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,282\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fiduciary and wealth management fees<\/td>\n7,510\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,601\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,932\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,586\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Card payment fees<\/td>\n4,159\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,097\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,526\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,004\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net gains and fees on sales of loans<\/td>\n8,325\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,674\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,311\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,037\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Derivative hedge fees<\/td>\n943\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,042\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,260\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,981\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other customer fees<\/td>\n368\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n333\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n736\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n731\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings on cash surrender value of life insurance<\/td>\n1,205\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,326\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,541\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,686\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net realized gains on sales of available for sale securities<\/td>\n1,761\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,068\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,560\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,680\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income<\/td>\n1,017\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,028\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,249\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,293\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Other Income<\/strong>\n <\/td>\n30,884\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,481\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,975\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,280\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n OTHER EXPENSES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Salaries and employee benefits<\/td>\n42,438\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,698\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,249\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,941\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net occupancy<\/td>\n5,615\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,447\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,106\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,248\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equipment<\/td>\n4,848\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,489\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,878\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,833\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketing<\/td>\n1,122\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,092\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,246\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,535\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Outside data processing fees<\/td>\n4,698\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,618\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,942\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,817\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Printing and office supplies<\/td>\n313\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n279\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n596\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n666\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible asset amortization<\/td>\n1,464\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,511\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,821\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,025\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
FDIC assessments<\/td>\n1,461\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,472\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,829\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,995\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned and foreclosure expenses<\/td>\n178\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n684\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n912\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,189\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Professional and other outside services<\/td>\n2,976\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,553\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,519\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,811\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other expenses<\/td>\n4,182\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,146\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,295\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,100\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Other Expenses<\/strong>\n <\/td>\n69,295\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,989\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n135,393\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126,160\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n INCOME BEFORE INCOME TAX<\/strong>\n <\/td>\n65,853\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,615\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n124,274\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75,368\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n10,294\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,623\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,246\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,113\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n NET INCOME AVAILABLE TO COMMON STOCKHOLDERS<\/strong>\n <\/td>\n$<\/td>\n55,559\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n32,992\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n105,028\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n67,255\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Per Share Data:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic Net Income Available to Common Stockholders<\/td>\n$<\/td>\n1.03\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.95\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.24\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted Net Income Available to Common Stockholders<\/td>\n$<\/td>\n1.03\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.94\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.24\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash Dividends Paid<\/td>\n$<\/td>\n0.29\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.26\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.55\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.52\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Diluted Shares Outstanding (in thousands)<\/td>\n54,184\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,943\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,159\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,430\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n FINANCIAL HIGHLIGHTS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars in thousands)<\/td>\nThree Months Ended<\/td>\n\u00a0<\/td>\nSix Months Ended<\/td>\n<\/tr>\n
\u00a0<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
NET CHARGE-OFFS<\/td>\n$<\/td>\n1,307\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n230\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,928\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n812\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
AVERAGE BALANCES:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Assets<\/td>\n$<\/td>\n14,758,597\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,655,322\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,503,087\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,114,280\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Loans<\/td>\n9,282,524\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,180,610\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,259,600\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,853,591\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Earning Assets<\/td>\n13,558,956\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,187,442\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,292,617\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,739,936\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Deposits<\/td>\n12,125,153\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,789,909\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,848,075\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,338,091\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Stockholders’ Equity<\/td>\n1,846,037\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,795,509\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,843,250\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,805,963\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
FINANCIAL RATIOS:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on Average Assets<\/td>\n1.51\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.97\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n1.45\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n1.03\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Return on Average Stockholders’ Equity<\/td>\n12.04\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.35\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.40\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.45\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on Average Common Stockholders’ Equity<\/td>\n12.04\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.35\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.40\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.45\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Earning Assets to Average Assets<\/td>\n91.87\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89.25\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n91.65\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89.52\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for Credit Losses – Loans as % of Total Loans<\/td>\n2.19\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.30\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.19\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.30\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Charge-offs as % of Average Loans (Annualized)<\/td>\n0.06\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.01\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.11\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.02\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Stockholders’ Equity to Average Assets<\/td>\n12.51\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.15\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.71\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.77\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax Equivalent Yield on Average Earning Assets<\/td>\n3.49\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.72\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.51\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.04\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest Expense\/Average Earning Assets<\/td>\n0.27\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.53\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.28\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.72\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Interest Margin (FTE) on Average Earning Assets<\/td>\n3.22\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.19\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.23\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.32\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Efficiency Ratio<\/td>\n48.91\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47.95\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49.54\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50.09\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible Common Book Value Per Share<\/td>\n$<\/td>\n24.15\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23.04\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24.15\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23.04\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n NON-PERFORMING ASSETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars In Thousands)<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nSeptember 30,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
Non-Accrual Loans<\/td>\n$<\/td>\n57,556\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n57,923\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n61,471\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n56,739\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n50,102\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Renegotiated Loans<\/td>\n629\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n655\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,240\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,677\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,086\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-Performing Loans (NPL)<\/td>\n58,185\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,578\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,711\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,416\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,188\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other Real Estate Owned and Repossessions<\/td>\n601\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n604\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n940\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,984\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,409\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-Performing Assets (NPA)<\/td>\n58,786\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,182\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,651\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,400\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,597\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
90+ Days Delinquent<\/td>\n183\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,093\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n746\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,330\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,981\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NPAs & 90 Day Delinquent<\/td>\n$<\/td>\n58,969\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n60,275\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n66,397\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n67,730\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n63,578\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for Credit Losses – Loans<\/td>\n$<\/td>\n199,775\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n201,082\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n130,648\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n126,726\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n121,119\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Quarterly Net Charge-offs<\/td>\n1,307\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,621\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n560\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,937\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n230\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NPAs \/ Actual Assets %<\/td>\n0.39\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.40\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.47\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.48\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.42\u00a0<\/td>\n%<\/td>\n<\/tr>\n
NPAs & 90 Day \/ Actual Assets %<\/td>\n0.40\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.41\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.47\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.49\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.46\u00a0<\/td>\n%<\/td>\n<\/tr>\n
NPAs \/ Actual Loans and OREO %<\/td>\n0.64\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.63\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.71\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.72\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.63\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Allowance for Credit Losses – Loans \/ Actual Loans (%)<\/td>\n2.19\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n2.16\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n1.41\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n1.37\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n1.30\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Net Charge-offs as % of Average Loans (Annualized)<\/td>\n0.06\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.16\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.02\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.30\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n0.01\u00a0<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n CONSOLIDATED BALANCE SHEETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars In Thousands)<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nSeptember 30,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
\n ASSETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$<\/td>\n167,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n187,901<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n192,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n164,632<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n229,759<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n438,863<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n392,806<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n392,305<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n273,936<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n380,021<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment securities, net of allowance for credit losses<\/td>\n4,148,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,700,857<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,146,787<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,933,286<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,789,379<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n18,582<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,430<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,966<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n901<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans<\/td>\n9,121,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,318,228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,243,174<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,243,833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,298,541<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Allowance for credit losses – loans<\/td>\n(199,775<\/td>\n)<\/td>\n\u00a0<\/td>\n(201,082<\/td>\n)<\/td>\n\u00a0<\/td>\n(130,648<\/td>\n)<\/td>\n\u00a0<\/td>\n(126,726<\/td>\n)<\/td>\n\u00a0<\/td>\n(121,119<\/td>\n)<\/td>\n<\/tr>\n
Net loans<\/td>\n8,921,475<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,117,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,112,526<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,117,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,177,422<\/td>\n\u00a0<\/td>\n<\/tr>\n
Premises and equipment<\/td>\n103,822<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,432<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n111,062<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112,959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112,548<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank stock<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,736<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest receivable<\/td>\n54,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,662<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,948<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,063<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill and other intangibles<\/td>\n573,786<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n571,536<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n572,893<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n574,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n575,855<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash surrender value of life insurance<\/td>\n294,462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n293,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n292,745<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n291,543<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n290,715<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned<\/td>\n601<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n604<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n940<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,367<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax asset, deferred and receivable<\/td>\n36,924<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,163<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,340<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,762<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,126<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n135,763<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n127,027<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n146,066<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n155,903<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n156,486<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n TOTAL ASSETS<\/strong>\n <\/td>\n$<\/td>\n14,923,097<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,629,066<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,067,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,737,350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,819,378<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n LIABILITIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest-bearing<\/td>\n$<\/td>\n2,479,853<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,494,891<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,298,138<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,187,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,260,351<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing<\/td>\n9,723,547<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,456,889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,063,472<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,718,546<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,705,637<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Deposits<\/strong>\n <\/td>\n12,203,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,951,780<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,361,610<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,906,153<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,965,988<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowings:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal funds purchased<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities sold under repurchase agreements<\/td>\n146,904<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n185,721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n177,102<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n187,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n181,150<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank advances<\/td>\n334,243<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n359,337<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n389,430<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n399,522<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n400,817<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subordinated debentures and other borrowings<\/td>\n118,498<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,439<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,380<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,320<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n285,197<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Borrowings<\/strong>\n <\/td>\n599,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n663,497<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n684,912<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n785,574<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n867,164<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest payable<\/td>\n2,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,287<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,038<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,587<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n245,323<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n203,913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n141,756<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n206,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n171,544<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities<\/strong>\n <\/td>\n13,051,297<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,823,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,191,565<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,903,694<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,010,283<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n STOCKHOLDERS’ EQUITY<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Authorized — 600 shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Issued and outstanding<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common Stock, $.125 stated value:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Authorized — 100,000,000 shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Issued and outstanding<\/td>\n6,747<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,744<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,724<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n1,009,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,007,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,005,366<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,003,777<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,002,962<\/td>\n\u00a0<\/td>\n<\/tr>\n
Retained earnings<\/td>\n795,666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n755,877<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n788,578<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n757,550<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n735,439<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive income<\/td>\n60,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,836<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,468<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,845<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Stockholders’ Equity<\/strong>\n <\/td>\n1,871,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,805,856<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,875,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,833,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,809,095<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY<\/strong>\n <\/td>\n$<\/td>\n14,923,097<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,629,066<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,067,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,737,350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,819,378<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n CONSOLIDATED STATEMENTS OF INCOME<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars In Thousands, Except Per Share Amounts)<\/td>\nJune 30<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nSeptember 30,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
\n INTEREST INCOME<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans receivable:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable<\/td>\n$<\/td>\n87,002<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n85,105<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n90,138<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n84,162<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n87,312<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-exempt<\/td>\n5,545<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,339<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,414<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,395<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,359<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment securities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable<\/td>\n7,440<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,695<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,263<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,399<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,147<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-exempt<\/td>\n13,071<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,385<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,056<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,931<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,019<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits with financial institutions<\/td>\n129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n114<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n134<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank stock<\/td>\n88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n178<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n248<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n281<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Interest Income<\/strong>\n <\/td>\n113,275<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,816<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,252<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n INTEREST EXPENSE<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits<\/td>\n5,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,776<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,707<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal funds purchased<\/td>\n2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities sold under repurchase agreements<\/td>\n75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank advances<\/td>\n1,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,749<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,794<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subordinated debentures and other borrowings<\/td>\n1,659<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,657<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,669<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,639<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Interest Expense<\/strong>\n <\/td>\n9,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,304<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,234<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n NET INTEREST INCOME<\/strong>\n <\/td>\n104,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,428<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102,311<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92,921<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,018<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for credit losses – loans<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,482<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,544<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,895<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES<\/strong>\n <\/td>\n104,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,428<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,377<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71,123<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n OTHER INCOME<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Service charges on deposit accounts<\/td>\n5,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,508<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,209<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,312<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fiduciary and wealth management fees<\/td>\n7,510<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,251<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,910<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,601<\/td>\n\u00a0<\/td>\n<\/tr>\n
Card payment fees<\/td>\n4,159<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,502<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,996<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,097<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net gains and fees on sales of loans<\/td>\n8,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,393<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,841<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,674<\/td>\n\u00a0<\/td>\n<\/tr>\n
Derivative hedge fees<\/td>\n943<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,281<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,715<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,042<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other customer fees<\/td>\n368<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n368<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n394<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n372<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n333<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings on cash surrender value of life insurance<\/td>\n1,205<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,336<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,171<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,326<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net realized gains on sales of available for sale securities<\/td>\n1,761<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,799<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,398<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,817<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,068<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income<\/td>\n1,017<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n473<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n132<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,028<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Other Income<\/strong>\n <\/td>\n30,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,091<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,483<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,163<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,481<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n OTHER EXPENSES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Salaries and employee benefits<\/td>\n42,438<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,811<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,187<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,698<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net occupancy<\/td>\n5,615<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,491<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,653<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,855<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,447<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equipment<\/td>\n4,848<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,030<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,555<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,956<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,489<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketing<\/td>\n1,122<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,124<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,763<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,311<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,092<\/td>\n\u00a0<\/td>\n<\/tr>\n
Outside data processing fees<\/td>\n4,698<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,244<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,839<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,776<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,618<\/td>\n\u00a0<\/td>\n<\/tr>\n
Printing and office supplies<\/td>\n313<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n307<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n279<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible asset amortization<\/td>\n1,464<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,486<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,511<\/td>\n\u00a0<\/td>\n<\/tr>\n
FDIC assessments<\/td>\n1,461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,368<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,249<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,472<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned and foreclosure expenses<\/td>\n178<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n734<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,576<\/td>\n)<\/td>\n\u00a0<\/td>\n717<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n684<\/td>\n\u00a0<\/td>\n<\/tr>\n
Professional and other outside services<\/td>\n2,976<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,543<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,836<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,254<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,553<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other expenses<\/td>\n4,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,113<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,146<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Other Expenses<\/strong>\n <\/td>\n69,295<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,098<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,536<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,709<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,989<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n INCOME BEFORE INCOME TAX<\/strong>\n <\/td>\n65,853<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,421<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,776<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,831<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,615<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n10,294<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,952<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,641<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,621<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,623<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n NET INCOME AVAILABLE TO COMMON STOCKHOLDERS<\/strong>\n <\/td>\n$<\/td>\n55,559<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n49,469<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n45,135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n36,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n32,992<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Per Share Data:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic Net Income Available to Common Stockholders<\/td>\n$<\/td>\n1.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.92<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.83<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.67<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted Net Income Available to Common Stockholders<\/td>\n$<\/td>\n1.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.83<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.67<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash Dividends Paid<\/td>\n$<\/td>\n0.29<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Diluted Shares Outstanding (in thousands)<\/td>\n54,184<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,971<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,943<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n FINANCIAL RATIOS:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on Average Assets<\/td>\n1.51<\/td>\n%<\/td>\n\u00a0<\/td>\n1.39<\/td>\n%<\/td>\n\u00a0<\/td>\n1.29<\/td>\n%<\/td>\n\u00a0<\/td>\n1.06<\/td>\n%<\/td>\n\u00a0<\/td>\n0.97<\/td>\n%<\/td>\n<\/tr>\n
Return on Average Stockholders’ Equity<\/td>\n12.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.35<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on Average Common Stockholders’ Equity<\/td>\n12.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.35<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Earning Assets to Average Assets<\/td>\n91.87<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n91.43<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90.66<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90.34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89.25<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for Credit Losses – Loans as % of Total Loans<\/td>\n2.19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.37<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.30<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Charge-offs as % of Average Loans (Annualized)<\/td>\n0.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.30<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.01<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Stockholders’ Equity to Average Assets<\/td>\n12.51<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.92<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.29<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.15<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax Equivalent Yield on Average Earning Assets<\/td>\n3.49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.52<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.58<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.72<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest Expense\/Average Earning Assets<\/td>\n0.27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.29<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.43<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.53<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Interest Margin (FTE) on Average Earning Assets<\/td>\n3.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.38<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.19<\/td>\n\u00a0<\/td>\n<\/tr>\n
Efficiency Ratio<\/td>\n48.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50.23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51.40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47.95<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible Common Book Value Per Share<\/td>\n$<\/td>\n24.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n22.98<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24.27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23.48<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23.04<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n LOANS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars In Thousands)<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nSeptember 30,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
Commercial and industrial loans<\/td>\n$<\/td>\n2,671,076<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,876,212<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,776,699<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,875,331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,898,329<\/td>\n\u00a0<\/td>\n<\/tr>\n
Agricultural land, production and other loans to farmers<\/td>\n235,020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n245,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n281,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n301,192<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n316,815<\/td>\n\u00a0<\/td>\n<\/tr>\n
Real estate loans:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Construction<\/td>\n491,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n541,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n484,723<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n622,084<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n640,560<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial real estate, non-owner occupied<\/td>\n2,263,497<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,178,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,220,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,098,589<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,097,767<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial real estate, owner occupied<\/td>\n953,501<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n950,038<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n958,501<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n931,815<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n919,254<\/td>\n\u00a0<\/td>\n<\/tr>\n
Residential<\/td>\n1,127,442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,239,925<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,234,741<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,146,406<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,145,187<\/td>\n\u00a0<\/td>\n<\/tr>\n
Home equity<\/td>\n489,997<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n482,229<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n508,259<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n527,458<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n532,314<\/td>\n\u00a0<\/td>\n<\/tr>\n
Individuals’ loans for household and other personal expenditures<\/td>\n130,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126,387<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n129,479<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125,411<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n123,611<\/td>\n\u00a0<\/td>\n<\/tr>\n
Public finance and other commercial loans<\/td>\n758,698<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n677,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n647,939<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n615,547<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n624,704<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans<\/td>\n9,121,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,318,228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,243,174<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,243,833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,298,541<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses – loans<\/td>\n(199,775<\/td>\n)<\/td>\n\u00a0<\/td>\n(201,082<\/td>\n)<\/td>\n\u00a0<\/td>\n(130,648<\/td>\n)<\/td>\n\u00a0<\/td>\n(126,726<\/td>\n)<\/td>\n\u00a0<\/td>\n(121,119<\/td>\n)<\/td>\n<\/tr>\n
\n NET LOANS<\/strong>\n <\/td>\n$<\/td>\n8,921,475<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,117,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,112,526<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,117,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,177,422<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\n DEPOSITS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars In Thousands)<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nSeptember 30,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
Demand deposits<\/td>\n$<\/td>\n7,261,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,245,850<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,821,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,279,554<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,288,360<\/td>\n\u00a0<\/td>\n<\/tr>\n
Savings deposits<\/td>\n4,157,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,857,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,661,713<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,518,286<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,278,156<\/td>\n\u00a0<\/td>\n<\/tr>\n
Certificates and other time deposits of $100,000 or more<\/td>\n304,394<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n332,745<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n346,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n467,610<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n607,474<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other certificates and time deposits<\/td>\n423,922<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n449,655<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n459,168<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n542,919<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n669,119<\/td>\n\u00a0<\/td>\n<\/tr>\n
Brokered deposits<\/td>\n55,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97,784<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n122,879<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n TOTAL DEPOSITS<\/strong>\n <\/td>\n$<\/td>\n12,203,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,951,780<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,361,610<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,906,153<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,965,988<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in Thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nFor the Three Months Ended<\/td>\n<\/tr>\n
\u00a0<\/td>\nJune 30, 2021<\/td>\n\u00a0<\/td>\nJune 30, 2020<\/td>\n<\/tr>\n
\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest
\u00a0Income \/
Expense<\/td>\n		\u00a0<\/td>\nAverage
Rate<\/td>\n		\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest
\u00a0Income \/
Expense<\/td>\n		\u00a0<\/td>\nAverage
Rate<\/td>\n<\/tr>\n
\n Assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n$<\/td>\n545,752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.09<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n378,489<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.14<\/td>\n%<\/td>\n<\/tr>\n
Federal Home Loan Bank stock<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n281<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.91<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment Securities: (1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable<\/td>\n1,732,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,440<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,282,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,147<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.92<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-Exempt (2)<\/sup><\/td>\n1,969,577<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,546<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,317,527<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.85<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Investment Securities<\/td>\n3,701,944<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.59<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,599,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.90<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n25,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n131<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.15<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans: (3)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial<\/td>\n6,953,227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,886<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,890,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n69,463<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.03<\/td>\n\u00a0<\/td>\n<\/tr>\n
Real Estate Mortgage<\/td>\n912,662<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,488<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n887,257<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,122<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.56<\/td>\n\u00a0<\/td>\n<\/tr>\n
Installment<\/td>\n659,515<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n724,165<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.20<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-Exempt (2)<\/sup><\/td>\n732,081<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.84<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n666,548<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,784<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.07<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Loans<\/td>\n9,282,524<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,180,610<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,096<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.10<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Earning Assets<\/td>\n13,558,956<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.49<\/td>\n%<\/td>\n\u00a0<\/td>\n12,187,442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113,340<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.72<\/td>\n%<\/td>\n<\/tr>\n
Net unrealized gain (loss) on securities available for sale<\/td>\n44,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses<\/td>\n(201,051<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(106,858<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n171,489<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n303,491<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Premises and equipment<\/td>\n107,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113,528<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n1,077,584<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,100,912<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Assets<\/strong>\n <\/td>\n$<\/td>\n14,758,597<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,655,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n$<\/td>\n4,745,181<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.30<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n3,951,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.42<\/td>\n%<\/td>\n<\/tr>\n
Money market deposits<\/td>\n2,337,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n796<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.14<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,673,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,696<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.41<\/td>\n\u00a0<\/td>\n<\/tr>\n
Savings\u00a0deposits<\/td>\n1,740,233<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,521,312<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.16<\/td>\n\u00a0<\/td>\n<\/tr>\n
Certificates and other time deposits<\/td>\n812,370<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,005<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,498,002<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,229<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.66<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Interest-bearing Deposits<\/td>\n9,634,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,644,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,707<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.59<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowings<\/td>\n644,702<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,188<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.98<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n909,258<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,527<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.55<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Interest-bearing Liabilities<\/td>\n10,279,629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.35<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,553,495<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.68<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest-bearing deposits<\/td>\n2,490,226<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,145,672<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n142,705<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,646<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Liabilities<\/td>\n12,912,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,859,813<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders’ Equity<\/td>\n1,846,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,795,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities and Stockholders’ Equity<\/strong>\n <\/td>\n$<\/td>\n14,758,597<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,655,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Interest Income (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109,213<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n97,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Interest Spread (FTE) <\/strong>
\n
\n (4)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.14<\/td>\n%<\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n3.04<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Interest Margin (FTE):<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest Income (FTE) \/ Average Earning Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.49<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.72<\/td>\n%<\/td>\n<\/tr>\n
Interest Expense \/ Average Earning Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.27<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.53<\/td>\n%<\/td>\n<\/tr>\n
\n Net Interest Margin (FTE) <\/strong>
\n
\n (5)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.22<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.19<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (1)<\/sup> Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30\/360 day basis.<\/td>\n<\/tr>\n
\n (2) <\/sup>Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2021 and 2020. These totals equal $4,949 and $4,088 for the three months ended June 30, 2021 and 2020, respectively.<\/td>\n<\/tr>\n
\n (3)<\/sup>\u00a0Non accruing loans have been included in the average balances.<\/td>\n<\/tr>\n
\n (4)<\/sup> Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities.<\/td>\n<\/tr>\n
\n (5)<\/sup> Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets.<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in Thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nFor the Six Months Ended<\/td>\n<\/tr>\n
\u00a0<\/td>\nJune 30, 2021<\/td>\n\u00a0<\/td>\nJune 30, 2020<\/td>\n<\/tr>\n
\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest
\u00a0Income \/
Expense<\/td>\n		\u00a0<\/td>\nAverage
Rate<\/td>\n		\u00a0<\/td>\nAverage Balance<\/td>\n\u00a0<\/td>\nInterest
\u00a0Income \/
Expense<\/td>\n		\u00a0<\/td>\nAverage
Rate<\/td>\n<\/tr>\n
\n Assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n$<\/td>\n493,791<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n243<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n269,174<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n709<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.53<\/td>\n%<\/td>\n<\/tr>\n
Federal Home Loan Bank stock<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n266<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.85<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.04<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment Securities: (1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable<\/td>\n1,613,847<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,325,313<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,778<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.08<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-Exempt (2)<\/sup><\/td>\n1,896,643<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,223<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,263,122<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,499<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.88<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Investment Securities<\/td>\n3,510,490<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.64<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,588,435<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.96<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n20,572<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n393<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.82<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,924<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n324<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.34<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans: (3)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial<\/td>\n6,915,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n140,060<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,562,673<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n146,415<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.46<\/td>\n\u00a0<\/td>\n<\/tr>\n
Real Estate Mortgage<\/td>\n943,830<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,774<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.98<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n878,956<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,524<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.67<\/td>\n\u00a0<\/td>\n<\/tr>\n
Installment<\/td>\n666,870<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,880<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.86<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n741,889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.50<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax-Exempt (2)<\/sup><\/td>\n713,094<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,777<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.86<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n655,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,511<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.12<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Loans<\/td>\n9,259,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n185,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,853,591<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n197,475<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.46<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Earning Assets<\/td>\n13,292,617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n232,751<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.51<\/td>\n%<\/td>\n\u00a0<\/td>\n11,739,936<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n237,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.04<\/td>\n%<\/td>\n<\/tr>\n
Net unrealized gain on securities available for sale<\/td>\n49,922<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses<\/td>\n(202,693<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(94,009<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n168,647<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n231,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Premises and equipment<\/td>\n109,170<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113,670<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n1,085,424<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,070,327<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Assets<\/strong>\n <\/td>\n$<\/td>\n14,503,087<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,114,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n$<\/td>\n4,681,439<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,269<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.31<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n3,770,530<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.66<\/td>\n%<\/td>\n<\/tr>\n
Money market deposits<\/td>\n2,212,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,604,474<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,479<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.68<\/td>\n\u00a0<\/td>\n<\/tr>\n
Savings\u00a0deposits<\/td>\n1,700,601<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n938<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,473,183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,424<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.33<\/td>\n\u00a0<\/td>\n<\/tr>\n
Certificates and other time deposits<\/td>\n835,722<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.52<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,582,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,091<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.78<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Interest-bearing Deposits<\/td>\n9,430,187<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,430,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,455<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.82<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowings<\/td>\n659,826<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,376<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n828,721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,709<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.86<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Interest-bearing Liabilities<\/td>\n10,090,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,399<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,259,230<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,164<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.91<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest-bearing deposits<\/td>\n2,417,888<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,907,582<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n151,936<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n141,505<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Liabilities<\/td>\n12,659,837<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,308,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders’ Equity<\/td>\n1,843,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,805,963<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities and Stockholders’ Equity<\/strong>\n <\/td>\n$<\/td>\n14,503,087<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,399<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,114,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,164<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Interest Income (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n214,352<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n194,877<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Interest Spread (FTE) <\/strong>
\n
\n (4)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.15<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.13<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Interest Margin (FTE):<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest Income (FTE) \/ Average Earning Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.51<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.04<\/td>\n%<\/td>\n<\/tr>\n
Interest Expense \/ Average Earning Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.72<\/td>\n%<\/td>\n<\/tr>\n
\n Net Interest Margin (FTE) <\/strong>
\n
\n (5)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.23<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.32<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (1)<\/sup> Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30\/360 day basis.<\/td>\n<\/tr>\n
\n (2)<\/sup> Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2021 and 2020. These totals equal $9,660 and $7,982 for the six months ended June 30, 2021 and 2020, respectively.<\/td>\n<\/tr>\n
\n (3)<\/sup> Non accruing loans have been included in the average balances.<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (4) <\/sup>Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities.<\/td>\n<\/tr>\n
\n (5)<\/sup> Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets.<\/td>\n<\/tr>\n<\/table>\n

For more information, contact:
Nicole M. Weaver, Vice President and Director of Corporate Administration
765-521-7619
http:\/\/www.firstmerchants.com<\/p>\n


\n
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MUNCIE, Ind., July 26, 2021 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME) has reported second quarter 2021 net income of $55.6 million compared to $33 million during the same period in 2020. Earnings per share for the period totaled $1.03 per share compared to the second quarter of 2020 result of $.62 per share. Year-to-date net income totaled $105 million compared to $67.3 million during the six months ended June 30, 2020. Year-to-date earnings per share totaled $1.94 compared to $1.24 during the same period in 2020. Total assets equaled $14.9 billion as of the quarter-ended June 30, 2021 and loans totaled $9.1 billion. The Corporation experienced organic loan growth of $289.6 million, or 3.4 percent during the … <\/p>\n

Continue reading “First Merchants Corporation Announces Second Quarter 2021 Earnings Per Share”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-517376","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFirst Merchants Corporation Announces Second Quarter 2021 Earnings Per Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-merchants-corporation-announces-second-quarter-2021-earnings-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Merchants Corporation Announces Second Quarter 2021 Earnings Per Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MUNCIE, Ind., July 26, 2021 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME) has reported second quarter 2021 net income of $55.6 million compared to $33 million during the same period in 2020. Earnings per share for the period totaled $1.03 per share compared to the second quarter of 2020 result of $.62 per share. Year-to-date net income totaled $105 million compared to $67.3 million during the six months ended June 30, 2020. Year-to-date earnings per share totaled $1.94 compared to $1.24 during the same period in 2020. Total assets equaled $14.9 billion as of the quarter-ended June 30, 2021 and loans totaled $9.1 billion. 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