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Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table illustrates the computation of basic and diluted earnings per share:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Amount

 

 

Per Share Amount

 

 

Amount

 

 

Per Share Amount

 

 

Amount

 

 

Per Share Amount

 

 

 

(Amounts in thousands, except per share data)

 

Net income

 

$

519,297

 

 

 

 

 

 

$

528,904

 

 

 

 

 

 

$

332,552

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

92,657

 

 

$

5.60

 

 

 

93,058

 

 

$

5.68

 

 

 

73,524

 

 

$

4.52

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add incremental shares for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities - options

 

 

—

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

—

 

 

 

 

 

Total

 

 

92,657

 

 

$

5.60

 

 

 

93,058

 

 

$

5.68

 

 

 

73,524

 

 

$

4.52

 

 

Schedule of Impact of Adopting ASU 2016-13

The following table illustrates the impact of adopting ASU 2016-13:

 

 

 

January 1, 2020

 

 

 

As Reported

Under

ASC 326

 

 

Pre-ASU

2016-13

Adoption

 

 

Impact of

ASU 2016-13

Adoption

 

 

 

(Dollars in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

Construction, land development and other land loans

 

$

28,729

 

 

$

14,654

 

 

$

14,075

 

Agriculture and agriculture real estate (includes farmland)

 

 

5,768

 

 

 

2,971

 

 

 

2,797

 

1-4 family (includes home equity)

 

 

23,544

 

 

 

15,277

 

 

 

8,267

 

Commercial real estate (includes multi-family residential)

 

 

61,322

 

 

 

12,332

 

 

 

48,990

 

Commercial and industrial

 

 

180,069

 

 

 

40,445

 

 

 

139,624

 

Consumer and other

 

 

28,575

 

 

 

1,790

 

 

 

26,785

 

Allowance for credit losses on loans

 

$

328,007

 

 

$

87,469

 

 

$

240,538

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses on off-balance sheet credit exposures

 

$

29,947

 

 

$

5,599

 

 

$

24,348