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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 $ 169,158 $ 139,151 $ 151,658
Interest on Federal Funds Sold and Other Short-term Investments 5,765 488 382
Interest and Dividends on Securities:      
Taxable 20,453 12,962 10,447
Non-taxable 23,550 17,778 11,882
TOTAL INTEREST INCOME 218,926 170,379 174,369
INTEREST EXPENSE      
Interest on Deposits 13,514 4,955 13,696
Interest on FHLB Advances and Other Borrowings 4,828 4,594 5,430
TOTAL INTEREST EXPENSE 18,342 9,549 19,126
NET INTEREST INCOME 200,584 160,830 155,243
Provision for Credit Losses 6,350 (6,500) 17,550
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 194,234 167,330 137,693
NON-INTEREST INCOME      
Company Owned Life Insurance 2,264 1,529 2,307
Other Operating Income 5,116 6,991 3,388
Net Gains on Sales of Loans 3,818 8,267 9,908
Net Gains on Securities 562 2,247 4,081
TOTAL NON-INTEREST INCOME 59,133 59,462 54,474
NON-INTEREST EXPENSE      
Salaries and Employee Benefits 84,145 68,570 68,112
Occupancy Expense 11,223 11,081 10,033
Furniture and Equipment Expense 3,698 3,750 3,991
FDIC Premiums 1,860 1,419 740
Data Processing Fees 15,406 7,611 6,889
Professional Fees 6,295 5,009 3,998
Advertising and Promotion 4,416 4,197 3,589
Intangible Amortization 3,711 2,731 3,539
Other Operating Expenses 23,437 19,639 16,232
TOTAL NON-INTEREST EXPENSE 154,191 124,007 117,123
Income before Income Taxes 99,176 102,785 75,044
Income Tax Expense 17,351 18,648 12,834
NET INCOME $ 81,825 $ 84,137 $ 62,210
Basic Earnings per Share (in dollars per share) $ 2.78 $ 3.17 $ 2.34
Diluted Earnings per Share (in dollars per share) $ 2.78 $ 3.17 $ 2.34
Wealth Management Fees      
NON-INTEREST INCOME      
Non-interest Income $ 10,076 $ 10,321 $ 8,005
Service Charges on Deposit Accounts      
NON-INTEREST INCOME      
Non-interest Income 11,457 7,723 7,334
Insurance Revenues      
NON-INTEREST INCOME      
Non-interest Income 10,020 9,268 8,922
Interchange Fee Income      
NON-INTEREST INCOME      
Non-interest Income $ 15,820 $ 13,116 $ 10,529