XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Interest and fees on loans $ 352,993 $ 293,546 $ 296,611
Interest and dividends on investment securities:      
Taxable 12,712 4,413 6,456
Tax-exempt 3,893 2,403 2,797
Dividends 1,655 971 1,642
Interest on federal funds sold and other short-term investments 2,493 405 694
Total interest income 373,746 301,738 308,200
Interest expense:      
Deposits 50,561 24,768 52,386
Borrowings 21,066 14,092 17,823
Total interest expense 71,627 38,860 70,209
Net interest income 302,119 262,878 237,991
Provision for (reversal of) credit losses 17,750 (5,500) 41,000
Net interest income after provision for credit losses 284,369 268,378 196,991
Noninterest income:      
Deposit, loan and other income 7,472 6,617 7,077
Income on bank owned life insurance 5,597 4,771 5,007
Net gains on sale of loans held-for-sale 1,695 3,807 2,085
Gain on sale of branches 0 674 0
Net (losses) gains on equity securities (1,521) (373) 202
Net gains on sale/redemption of investment securities 0 195 29
Total noninterest income 13,243 15,691 14,400
Noninterest expense:      
Salaries and employee benefits 81,289 64,341 58,877
Occupancy and equipment 9,865 11,638 13,882
FDIC insurance 2,881 2,665 4,002
Professional and consulting 8,053 8,286 7,383
Marketing and advertising 1,692 1,318 1,200
Information technology and communications 11,108 11,267 6,008
Merger expenses 0 0 14,640
Amortization of core deposit intangible 1,685 1,981 2,559
Net periodic pension income (572) (269) (119)
Increase in value of acquisition price 1,516 0 2,333
Other expenses 8,871 7,784 10,236
Total noninterest expenses 126,388 109,011 121,001
Income before income tax expense 171,224 175,058 90,390
Income tax expense 46,013 44,705 19,101
Net income 125,211 130,353 71,289
Preferred dividends 6,037 1,717 0
Net income available to common stockholders $ 119,174 $ 128,636 $ 71,289
Earnings per common share:      
Basic (in dollars per share) $ 3.03 $ 3.24 $ 1.80
Diluted (in dollars per share) $ 3.01 $ 3.22 $ 1.79