Quarterly Condensed Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2022

Quarterly Condensed Financial Information (Unaudited)

Quarterly Condensed Financial Information (Unaudited)

Note 29: Quarterly Condensed Financial Information (Unaudited)

The following tables present the unaudited quarterly condensed financial information for the years ended December 31, 2022 and 2021:

	2022 Quarter Ended
(Dollars in thousands, except per share data)	March 31		June 30		September 30		December 31
Interest income	$	76,012	$	89,270	$	134,112	$	181,439
Interest expense		10,287		17,239		48,727		86,029
Net interest income		65,725		72,031		85,385		95,410
Provision for credit losses		2,451		6,212		2,225		6,407
Net interest income after provision for credit losses		63,274		65,819		83,160		89,003
Noninterest income		34,597		39,171		29,186		22,982
Noninterest expense		31,033		32,957		34,951		37,109
Income before income taxes		66,838		72,033		77,395		74,876
Income taxes		16,696		18,098		18,907		17,720
Net income		50,142		53,935		58,488		57,156
Less: preferred stock dividends		5,728		5,729		5,729		8,797
Net income allocated to common shareholders	$	44,414	$	48,206	$	52,759	$	48,359
Per common share data:
Basic earnings per common share	$	1.03	$	1.12	$	1.22	$	1.12
Diluted earnings per common share	$	1.02	$	1.11	$	1.22	$	1.12

	2021 Quarter Ended
(Dollars in thousands, except per share data)	March 31		June 30		September 30		December 31
Interest income	$	79,549	$	72,438	$	77,314	$	82,585
Interest expense		7,586		8,031		8,433		9,842
Net interest income		71,963		64,407		68,881		72,743
Provision for credit losses		1,663		(315)		1,079		2,585
Net interest income after provision for credit losses		70,300		64,722		67,802		70,158
Noninterest income		43,936		32,855		40,271		40,271
Noninterest expense		30,084		28,183		29,472		37,646
Income before income taxes		84,152		69,394		78,601		72,783
Income taxes		22,169		17,977		20,098		17,582
Net income		61,983		51,417		58,503		55,201
Less: preferred stock dividends		3,757		5,659		5,729		5,728
Net income allocated to common shareholders	$	58,226	$	45,758	$	52,774	$	49,473
Per common share data:
Basic earnings per common share	$	1.35	$	1.06	$	1.22	$	1.15
Diluted earnings per common share	$	1.35	$	1.06	$	1.22	$	1.14