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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Interest and fees on loans $ 72,514 $ 79,714
Interest and dividends on taxable investments 22,592 15,175
Interest and dividends on nontaxable investments 2,590 2,776
Total interest income 97,696 97,665
Interest expense:    
Interest on deposits 2,565 3,112
Interest on borrowings 221 268
Interest on subordinated notes payable 38 38
Interest on subordinated debt held by unconsolidated subsidiary trusts 0 293
Total interest expense 2,824 3,711
Net interest income 94,872 93,954
Provision for credit losses 906 (5,719)
Net interest income after provision for credit losses 93,966 99,673
Noninterest revenues:    
Deposit service fees 16,155 14,080
Mortgage banking 155 688
Other banking services 739 854
Employee benefit services 29,580 26,533
Insurance services 10,409 8,153
Wealth management services 8,633 8,199
Unrealized gain on equity securities 2 24
Total noninterest revenues 65,673 58,531
Noninterest expenses:    
Salaries and employee benefits 61,648 57,632
Occupancy and equipment 10,952 11,300
Data processing and communications 12,659 12,391
Amortization of intangible assets 3,732 3,351
Legal and professional fees 3,617 3,034
Business development and marketing 2,743 2,030
Acquisition expenses 299 27
Other expenses 4,157 3,481
Total noninterest expenses 99,807 93,246
Income before income taxes 59,832 64,958
Income taxes 12,777 12,108
Net income $ 47,055 $ 52,850
Basic earnings per share $ 0.87 $ 0.98
Diluted earnings per share $ 0.86 $ 0.97