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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividends on securities      
Taxable $ 56,611 $ 29,206 $ 29,718
Nontaxable 546 577 454
Interest and fees on loans 315,717 251,471 254,366
Interest on interest bearing deposits and other investments 7,620 2,990 2,497
Total Interest Income 380,494 284,244 287,035
Interest Expense      
Interest on deposits 7,318 3,605 6,920
Interest on time certificates 2,642 2,788 13,365
Interest on securities sold under agreement to repurchase 986 141 283
Interest on Federal Home Loan Bank (“FHLB”) borrowings 330 0 1,540
Interest on subordinated debt 3,056 1,685 2,184
Total Interest Expense 14,332 8,219 24,292
Net Interest Income 366,162 276,025 262,743
Provision for credit losses 26,183 (9,421) 38,179
Net Interest Income After Provision for Credit Losses 339,979 285,446 224,564
Noninterest Income:      
Service charges on deposit accounts 13,709 9,777 9,429
Interchange income 17,171 16,231 13,711
Wealth management income 11,051 9,628 7,507
Mortgage banking fees 3,478 11,782 14,696
Marine finance fees 920 665 690
SBA gains 842 1,531 685
BOLI income 5,572 4,154 3,561
SBIC income 1,305 6,778 1,373
Other 13,139 10,759 8,683
Noninterest income, excluding securities gains (losses) 67,187 71,305 60,335
Securities (losses) gains, net (includes $0 for 2022, net gains of $2.2 million for 2021 and net gains of $0.2 million for 2020 in other comprehensive income reclassifications) (1,096) (578) 1,235
Total Noninterest Income 66,091 70,727 61,570
Noninterest Expense:      
Salaries and wages 130,100 97,283 88,539
Employee benefits 19,026 17,873 15,544
Outsourced data processing costs 27,510 19,919 19,053
Telephone / data lines 3,799 3,223 2,984
Occupancy 18,539 14,140 14,150
Furniture and equipment 6,420 5,390 5,874
Marketing 6,286 4,583 4,833
Legal and professional fees 20,703 11,376 9,167
FDIC assessments 3,137 2,405 1,268
Amortization of intangibles 9,101 5,033 5,857
Foreclosed property expense and net (gain) loss on sale (1,534) (264) 2,263
Provision for credit losses on unfunded commitments 1,157 133 185
Other 23,690 16,341 15,835
Total Noninterest Expense 267,934 197,435 185,552
Income Before Income Taxes 138,136 158,738 100,582
Income taxes 31,629 34,335 22,818
Net Income $ 106,507 $ 124,403 $ 77,764
Net income per share of common stock      
Diluted (in dollars per share) $ 1.66 $ 2.18 $ 1.44
Basic (in dollars per share) $ 1.67 $ 2.20 $ 1.45
Average common shares outstanding (in thousands)      
Diluted (in shares) 64,264 57,088 53,930
Basic (in shares) 63,707 56,586 53,502