XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on loans $ 75,830 $ 89,238
Interest and dividends on investment securities 11,430 4,395
Interest on balances with other banks and short-term investments 1,057 553
Interest on federal funds sold 4 8
Total interest income 88,321 94,194
Interest Expense    
Interest on deposits 6,359 7,899
Interest on customer repurchase agreements 13 11
Interest on other short-term borrowings 460 495
Interest on long-term borrowings 1,037 3,138
Total interest expense 7,869 11,543
Net Interest Income 80,452 82,651
Reversal of Credit Losses (2,787) (2,350)
Reversal of Credit Losses for Unfunded Commitments (11) (442)
Net Interest Income After Reversal of Credit Losses 83,250 85,443
Noninterest Income    
Service charges on deposits 1,286 977
Gain on sale of loans 1,492 5,178
Net (loss) gain on sale of investment securities (25) 221
Increase in the cash surrender value of bank-owned life insurance 626 389
Other income 4,074 3,822
Total noninterest income 7,453 10,587
Noninterest Expense    
Salaries and employee benefits 17,019 21,769
Premises and equipment expenses 3,128 3,618
Marketing and advertising 1,064 886
Data processing 2,880 2,814
Legal, accounting and professional fees 1,561 2,999
FDIC insurance 1,058 2,428
Other expenses 4,302 3,473
Total noninterest expense 31,012 37,987
Income Before Income Tax Expense 59,691 58,043
Income Tax Expense 13,947 14,574
Net Income $ 45,744 $ 43,469
Earnings Per Common Share    
Basic net income per common share (in dollars per share) $ 1.43 $ 1.36
Diluted net income per common share (in dollars per share) $ 1.42 $ 1.36