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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 $ 335,075 $ 308,355 $ 314,779
Interest and dividends on taxable investments 95,371 68,607 62,538
Interest and dividends on nontaxable investments 13,283 10,458 11,961
Total interest income 443,729 387,420 389,278
Interest expense:      
Interest on deposits 15,044 11,631 16,761
Interest on borrowings 7,902 930 1,569
Interest on subordinated notes payable 153 154 670
Interest on subordinated debt held by unconsolidated subsidiary trusts 0 293 1,875
Total interest expense 23,099 13,008 20,875
Net interest income 420,630 374,412 368,403
Provision for credit losses 14,773 (8,839) 14,212
Net interest income after provision for credit losses 405,857 383,251 354,191
Noninterest revenues:      
Deposit service fees 66,850 59,212 57,370
Mortgage banking 390 1,772 5,301
Other banking services 4,644 3,674 3,753
Employee benefit services 115,408 114,328 101,329
Insurance services 39,810 33,992 32,372
Wealth management services 31,667 33,240 27,879
Unrealized (loss) gain on equity securities (44) 17 (6)
Gain on debt extinguishment 0 0 421
Total noninterest revenues 258,725 246,235 228,419
Noninterest expenses:      
Salaries and employee benefits 257,339 241,501 228,384
Occupancy and equipment 42,413 41,240 40,732
Data processing and communications 54,099 51,003 45,755
Amortization of intangible assets 15,214 14,051 14,297
Legal and professional fees 14,018 11,723 11,605
Business development and marketing 13,095 9,319 9,463
Litigation accrual 0 (100) 2,950
Acquisition expenses 5,021 701 4,933
Acquisition-related contingent consideration adjustment (300) 200 0
Other expenses 23,369 18,500 18,415
Total noninterest expenses 424,268 388,138 376,534
Income before income taxes 240,314 241,348 206,076
Income taxes 52,233 51,654 41,400
Net income $ 188,081 $ 189,694 $ 164,676
Basic earnings per share $ 3.48 $ 3.51 $ 3.10
Diluted earnings per share $ 3.46 $ 3.48 $ 3.08