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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
INTEREST INCOME      
Loans $ 150,604 $ 157,418 $ 155,225
Investment securities and other interest-earning assets 17,942 19,588 17,769
Total interest income 168,546 177,006 172,994
INTEREST EXPENSE      
Deposits 1,673 1,694 4,426
FHLB advances and other borrowings 474 33 65
Subordinated debentures 4,560 4,560 6,851
Total interest expense 6,707 6,287 11,342
Net interest income before provision for credit losses 161,839 170,719 161,652
Provision for credit losses 448 (14,648) 1,974
Net interest income after provision for credit losses 161,391 185,367 159,678
NONINTEREST INCOME      
Loan servicing income 419 505 458
Earnings on bank owned life insurance 3,221 3,521 2,233
Net gain from sales of loans 1,494 1,334 361
Net gain from sales of investment securities 2,134 3,585 4,046
Other income 1,568 754 4,602
Total noninterest income 25,894 27,281 23,740
NONINTEREST EXPENSE      
Compensation and benefits 56,981 56,076 52,548
Premises and occupancy 11,952 11,403 11,980
Data processing 5,996 5,881 5,828
FDIC insurance premiums 1,396 1,389 1,181
Legal and professional services 4,068 5,870 3,935
Marketing expense 1,809 1,821 1,598
Office expense 1,203 1,463 1,829
Loan expense 1,134 857 1,115
Deposit expense 3,751 3,836 3,859
Merger-related expense 0 0 5
Amortization of intangible assets 3,592 3,880 4,143
Other expense 5,766 4,776 4,468
Total noninterest expense 97,648 97,252 92,489
Net income before income taxes 89,637 115,396 90,929
Income tax expense 22,733 30,565 22,261
Net income $ 66,904 $ 84,831 $ 68,668
EARNINGS PER SHARE      
Basic (in dollars per share) $ 0.71 $ 0.90 $ 0.73
Diluted (in dollars per share) $ 0.70 $ 0.89 $ 0.72
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 93,499,695 93,415,304 93,529,147
Diluted (in shares) 93,946,074 93,906,491 94,093,644
Service charges on deposit accounts      
NONINTEREST INCOME      
Noninterest income $ 2,615 $ 2,590 $ 2,032
Other service fee income      
NONINTEREST INCOME      
Noninterest income 367 391 473
Debit card interchange fee income      
NONINTEREST INCOME      
Noninterest income 836 769 787
Trust custodial account fees      
NONINTEREST INCOME      
Noninterest income 11,579 11,611 7,222
Escrow and exchange fees      
NONINTEREST INCOME      
Noninterest income $ 1,661 $ 2,221 $ 1,526