XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans $ 100,362 $ 72,514
Interest and dividends on taxable investments 21,938 22,592
Interest and dividends on nontaxable investments 3,582 2,590
Total interest income 125,882 97,696
Interest expense:    
Interest on deposits 9,928 2,565
Interest on borrowings 4,886 221
Interest on subordinated notes payable 38 38
Total interest expense 14,852 2,824
Net interest income 111,030 94,872
Provision for credit losses 3,500 906
Net interest income after provision for credit losses 107,530 93,966
Noninterest revenues:    
Deposit service fees 15,134 16,155
Mortgage banking 275 155
Other banking services 1,022 739
Employee benefit services 29,384 29,580
Insurance services 11,522 10,409
Wealth management services 8,245 8,633
Loss on sales of investment securities (52,329) 0
Gain on debt extinguishment 242 0
Unrealized gain on equity securities 0 2
Total noninterest revenues 13,495 65,673
Noninterest expenses:    
Salaries and employee benefits 71,487 61,648
Data processing and communications 13,129 12,659
Occupancy and equipment 11,024 10,952
Amortization of intangible assets 3,667 3,732
Legal and professional fees 5,201 3,617
Business development and marketing 2,901 2,743
Acquisition expenses 57 299
Other expenses 6,586 4,157
Total noninterest expenses 114,052 99,807
Income before income taxes 6,973 59,832
Income taxes 1,175 12,777
Net income $ 5,798 $ 47,055
Basic earnings per share $ 0.11 $ 0.87
Diluted earnings per share $ 0.11 $ 0.86