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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income:      
Loans, including fees $ 242,269 $ 233,721 $ 223,750
Investments:      
Taxable securities 29,361 27,627 39,810
Tax exempt securities 3,568 3,566 4,002
Dividends 991 1,032 1,285
Interest bearing cash at Federal Reserve and other banks 858 1,238 3,597
Total interest and dividend income 277,047 267,184 272,444
Interest expense:      
Deposits 3,318 6,885 11,716
Other borrowings 22 17 387
Junior subordinated debt 2,168 2,555 3,272
Total interest expense 5,508 9,457 15,375
Net interest income 271,539 257,727 257,069
Provision for (benefit from) credit losses (6,775) 42,813 (1,690)
Net interest income after provision for (benefit from) credit losses 278,314 214,914 258,759
Noninterest income:      
Service charges and fees 43,948 37,981 40,417
Commissions on sale of non-deposit investment products 3,668 2,989 2,877
Increase in cash value of life insurance 2,775 2,949 3,029
Gain on sale of loans 9,580 9,122 3,282
Gain on sale of investment securities 0 7 110
Other 3,693 2,146 3,805
Total noninterest income 63,664 55,194 53,520
Noninterest expense:      
Salaries and related benefits 106,351 112,121 106,065
Other 71,924 70,637 79,392
Total noninterest expense 178,275 182,758 185,457
Income before income taxes 163,703 87,350 126,822
Provision for income taxes 46,048 22,536 34,750
Net income $ 117,655 $ 64,814 $ 92,072
Earnings per share:      
Basic (in USD per share) $ 3.96 $ 2.17 $ 3.02
Diluted (in USD per share) $ 3.94 $ 2.16 $ 3.00