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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Loans receivable:      
Taxable $ 470,468 $ 338,009 $ 358,264
Tax-exempt 25,124 22,110 21,483
Investment securities:      
Taxable 38,354 29,951 24,440
Tax-exempt 67,381 55,331 42,341
Deposits with financial institutions 2,503 634 938
Federal Home Loan Bank stock 1,176 597 1,042
Total Interest Income 605,006 446,632 448,508
INTEREST EXPENSE      
Deposits 62,939 23,319 51,740
Federal funds purchased 1,302 5 120
Securities sold under repurchase agreements 1,136 314 604
Federal Home Loan Bank advances 11,417 5,672 6,973
Subordinated debentures and other borrowings 8,009 6,642 6,944
Total Interest Expense 84,803 35,952 66,381
NET INTEREST INCOME 520,203 410,680 382,127
Provision for credit losses - loans 16,755 0 58,673
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 503,448 410,680 323,454
NON-INTEREST INCOME      
Net gains and fees on sales of loans 10,055 19,689 18,271
Increase in cash surrender value of life insurance 5,210 4,873 5,040
Gains on life insurance benefits 5,964 2,187 100
Net realized gains on sales of available for sale securities 1,194 5,674 11,895
Other income 1,929 3,008 1,898
Total Non-Interest Income 107,941 109,323 109,926
NON-INTEREST EXPENSES      
Salaries and employee benefits 206,893 166,995 155,937
Net occupancy 26,211 23,326 26,756
Equipment 23,945 19,401 19,344
Marketing 7,708 5,762 6,609
Outside data processing fees 21,682 18,317 14,432
Printing and office supplies 1,588 1,217 1,304
Intangible asset amortization 8,275 5,747 5,987
FDIC assessments 10,235 6,243 5,804
Other real estate owned and foreclosure expenses 823 992 330
Professional and other outside services 21,642 11,913 8,901
Other expenses 26,713 19,300 18,001
Total Non-Interest Expenses 355,715 279,213 263,405
INCOME BEFORE INCOME TAX 255,674 240,790 169,975
Income tax expense 33,585 35,259 21,375
NET INCOME 222,089 205,531 148,600
Preferred stock dividends 1,406 0 0
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 220,683 $ 205,531 $ 148,600
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE DATA:      
Basic (in dollars per share) $ 3.83 $ 3.82 $ 2.75
Diluted (in dollars per share) $ 3.81 $ 3.81 $ 2.74
Service charges on deposit accounts      
NON-INTEREST INCOME      
Other income $ 28,371 $ 23,571 $ 20,999
Fiduciary and wealth management fees      
NON-INTEREST INCOME      
Other income 29,688 28,362 23,747
Card payment fees      
NON-INTEREST INCOME      
Other income 20,207 16,619 19,502
Derivative hedge fees      
NON-INTEREST INCOME      
Other income 3,388 3,850 6,977
Other customer fees      
NON-INTEREST INCOME      
Other income $ 1,935 $ 1,490 $ 1,497