XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest, fee and dividend income      
Interest and fees on loans $ 332,768 $ 302,175 $ 307,859
Securities available for sale 29,653 23,305 22,434
Securities held to maturity 17,582 12,551 15,283
Other 4,067 1,845 2,706
Total interest, fee and dividend income 384,070 339,876 348,282
Interest expense      
Deposits 9,923 10,714 22,070
Short-term borrowings 2,623 158 3,408
Long-term debt 161 389 1,553
Subordinated debt 5,424 5,437 2,842
Junior subordinated debt 3,749 2,090 2,731
Total interest expense 21,880 18,788 32,604
Net interest income 362,190 321,088 315,678
Provision for loan losses 17,147 (8,257) 51,134
Net interest income after provision for loan losses 345,043 329,345 264,544
Noninterest income      
Service charges on deposit accounts 14,630 13,348 13,201
Card services income 29,058 34,682 28,611
Retirement plan administration fees 48,112 42,188 35,851
Wealth management 33,311 33,718 29,247
Insurance services 14,696 14,083 14,757
Bank owned life insurance income 6,044 6,217 5,743
Net securities (losses) gains (1,131) 566 (388)
Other 10,858 12,992 19,254
Total noninterest income 155,578 157,794 146,276
Noninterest expense      
Salaries and employee benefits 187,830 172,580 161,934
Technology and data services 35,712 34,717 32,294
Occupancy 26,282 26,048 25,756
Professional fees and outside services 16,810 16,306 15,082
Office supplies and postage 6,140 6,006 6,138
FDIC expense 3,197 3,041 2,688
Advertising 2,822 2,521 2,288
Amortization of intangible assets 2,263 2,808 3,395
Loan collection and other real estate owned, net 2,647 2,915 3,295
Merger expenses 967 0 0
Other 19,795 20,339 24,863
Total noninterest expense 304,465 287,281 277,733
Income before income tax expense 196,156 199,858 133,087
Income tax expense 44,161 44,973 28,699
Net income $ 151,995 $ 154,885 $ 104,388
Earnings per share      
Basic (in dollars per share) $ 3.54 $ 3.57 $ 2.39
Diluted (in dollars per share) $ 3.52 $ 3.54 $ 2.37