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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 104,818 $ 88,280 $ 273,936 $ 272,210
Investment securities:        
Taxable 20,718 11,669 50,846 21,558
Tax-exempt 625 360 1,326 1,132
Other interest income 18,926 883 24,995 2,145
Total interest income 145,087 101,192 351,103 297,045
Interest expense:        
Savings deposits 3,323 1,082 5,720 3,001
Time deposits 2,530 2,814 7,311 8,941
Securities sold under repurchase agreements 665 165 1,090 448
Other borrowings 1,926 1,929 5,721 5,726
Junior subordinated deferrable interest debentures 1,426 692 3,097 2,102
Total interest expense 9,870 6,682 22,939 20,218
Net interest income 135,217 94,510 328,164 276,827
Provision for credit losses 8,525 2,801 13,741 5,137
Net interest income after provision for credit losses 126,692 91,709 314,423 271,690
Non-interest income:        
Investment securities transactions, net   (12)   (16)
Other investments, net 6,962 5,490 11,063 68,495
Other income 9,989 6,641 27,879 17,905
Total non-interest income 54,602 47,209 141,356 181,352
Non-interest expense:        
Employee compensation and benefits 34,341 30,552 96,505 91,262
Occupancy 7,821 6,491 20,282 18,638
Depreciation of bank premises and equipment 5,425 6,028 16,355 19,263
Professional fees 3,087 2,558 8,347 7,675
Deposit insurance assessments 2,026 1,026 5,062 2,840
Net operations, other real estate owned (253) 438 (708) 5,351
Advertising 1,476 1,470 4,371 4,349
Software and software maintenance 4,089 4,115 12,638 13,081
Other 17,161 17,049 45,195 39,407
Total non-interest expense 75,173 69,727 208,047 201,866
Income before income taxes 106,121 69,191 247,732 251,176
Provision for income taxes 22,765 14,592 52,912 53,780
Net income $ 83,356 $ 54,599 $ 194,820 $ 197,396
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,226,521 63,372,777 62,838,831 63,347,922
Net income per common share (in dollars per share) $ 1.34 $ 0.86 $ 3.10 $ 3.12
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,371,475 63,498,542 62,980,934 63,475,393
Net income per common share (in dollars per share) $ 1.34 $ 0.86 $ 3.09 $ 3.11
Services charges on deposit accounts        
Non-interest income:        
Service charges $ 19,038 $ 17,294 $ 54,543 $ 47,971
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges 15,995 15,750 41,446 41,166
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges $ 2,618 $ 2,046 $ 6,425 $ 5,831