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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Loans receivable:    
Taxable $ 172,353 $ 79,075
Tax exempt 7,709 5,704
Investment securities:    
Taxable 9,087 8,510
Tax exempt 16,070 15,875
Deposits with financial institutions 637 230
Federal Home Loan Bank stock 542 146
Total Interest Income 206,398 109,540
INTEREST EXPENSE    
Deposits 50,685 4,294
Federal funds purchased 1,297 0
Securities sold under repurchase agreements 848 89
Federal Home Loan Bank advances 7,064 1,218
Subordinated debentures and other borrowings 2,385 1,659
Total Interest Expense 62,279 7,260
NET INTEREST INCOME 144,119 102,280
Provision for credit losses 0 0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 144,119 102,280
NON-INTEREST INCOME    
Net gains and fees on sales of loans 2,399 2,199
Increase in cash surrender value of life insurance 1,287 1,176
Gains on life insurance benefits 1 520
Net realized gains (losses) on sales of available for sale securities (1,571) 566
Other income 823 634
Total Non-Interest Income 24,997 25,897
NON-INTEREST EXPENSES    
Salaries and employee benefits 57,459 42,519
Net occupancy 7,259 6,187
Equipment 6,126 5,080
Marketing 1,309 736
Outside data processing fees 6,113 4,363
Printing and office supplies 383 345
Intangible asset amortization 2,197 1,366
FDIC assessments 1,396 2,192
Other real estate owned and foreclosure expenses (18) 564
Professional and other outside services 3,698 2,953
Other expenses 7,798 6,020
Total Non-Interest Expenses 93,720 72,325
INCOME BEFORE INCOME TAX 75,396 55,852
Income tax expense 11,317 7,266
NET INCOME 64,079 48,586
Preferred stock dividends 469 0
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 63,610 $ 48,586
Per Share Data:    
Basic Net Income Available to Common Stockholders (in dollars per share) $ 1.07 $ 0.91
Diluted Net Income Available to Common Stockholders (in dollars per share) 1.07 0.91
Cash Dividends Paid (in dollars per share) $ 0.32 $ 0.29
Average Diluted Common Shares Outstanding (in shares) 59,440,728 53,615,868
Service charges on deposit accounts    
NON-INTEREST INCOME    
Other income $ 7,359 $ 6,419
Fiduciary and wealth management fees    
NON-INTEREST INCOME    
Other income 7,862 7,332
Card payment fees    
NON-INTEREST INCOME    
Other income 5,172 5,723
Derivative hedge fees    
NON-INTEREST INCOME    
Other income 1,148 918
Other customer fees    
NON-INTEREST INCOME    
Other income $ 517 $ 410