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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income        
Loans $ 176,188 $ 108,995 $ 339,712 $ 207,687
Securities        
Taxable 12,300 10,567 25,553 19,501
Tax-exempt 1,700 1,904 3,538 3,805
Other 6,978 1,954 12,408 2,618
Total interest income 197,166 123,420 381,211 233,611
Interest expense        
Deposits 51,391 5,018 84,257 10,655
Borrowings 15,559 4,887 30,963 9,812
Total interest expense 66,950 9,905 115,220 20,467
Net interest income 130,216 113,515 265,991 213,144
Provision for credit losses on loans 3,000 2,000 10,960 3,500
Net interest income after provision for credit losses 127,216 111,515 255,031 209,644
Noninterest income        
Service charges on deposit accounts 9,733 9,734 18,853 19,296
Fees and commissions 4,987 4,668 9,663 8,650
Insurance commissions 2,809 2,591 5,255 5,145
Wealth management revenue 5,338 5,711 10,478 11,635
Mortgage banking income 9,771 8,316 18,288 17,949
Net loss on sales of securities (22,438) 0 (22,438) 0
BOLI income 2,402 2,331 5,405 4,484
Other 4,624 3,863 9,015 7,513
Total noninterest income 17,226 37,214 54,519 74,672
Noninterest expense        
Salaries and employee benefits 70,637 65,580 140,469 127,819
Data processing 3,684 3,590 7,317 7,853
Net occupancy and equipment 11,865 11,155 23,270 22,431
Other real estate owned 51 (187) 81 (428)
Professional fees 4,012 2,778 7,479 5,929
Advertising and public relations 3,482 3,406 8,168 7,465
Intangible amortization 1,369 1,310 2,795 2,676
Communications 2,226 1,904 4,206 3,931
Merger and conversion related expenses 0 0 0 687
Restructuring charges 0 1,187 0 732
Other 11,839 7,471 23,088 13,204
Total noninterest expense 109,165 98,194 216,873 192,299
Income (loss) before income taxes 35,277 50,535 92,677 92,017
Income taxes 6,634 10,857 17,956 18,792
Net income (loss) $ 28,643 $ 39,678 $ 74,721 $ 73,225
Basic earnings per share (usd per share) $ 0.51 $ 0.71 $ 1.33 $ 1.31
Diluted earnings per share (usd per share) 0.51 0.71 1.33 1.30
Cash dividends per common share (usd per share) $ 0.22 $ 0.22 $ 0.44 $ 0.44