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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Interest and fees on loans $ 99,494 $ 107,428
Interest on loans held for sale 198 537
Interest on deposits with banks 113 46
Interest and dividends on investment securities:    
Taxable 4,107 3,899
Tax-advantaged 2,124 2,351
Interest on federal funds sold 0 0
Total interest income 106,036 114,261
Interest expense:    
Interest on deposits 2,293 4,830
Interest on retail repurchase agreements and federal funds purchased 54 53
Interest on advances from FHLB 0 2,276
Interest on subordinated debt 2,238 2,502
Total interest expense 4,585 9,661
Net interest income 101,451 104,600
Provision/ (credit) for credit losses 1,635 (34,708)
Net interest income after provision/ (credit) for credit losses 99,816 139,308
Non-interest income:    
Investment securities gains 8 58
Insurance agency commissions 2,115 2,153
Income from bank owned life insurance 795 680
Other income 2,048 3,706
Total non-interest income 20,595 28,866
Non-interest expense:    
Salaries and employee benefits 39,373 36,652
Occupancy expense of premises 5,034 5,487
Equipment expense 3,536 3,222
Marketing 1,193 1,212
Outside data services 2,419 2,283
FDIC insurance 984 1,492
Amortization of intangible assets 1,508 1,697
Merger and acquisition expense 0 45
Professional fees and services 2,017 1,731
Other expenses 6,083 14,352
Total non-interest expense 62,147 68,173
Income before income tax expense 58,264 100,001
Income tax expense 14,329 24,537
Net income $ 43,935 $ 75,464
Per share information:    
Basic net income per common share (in dollars per share) $ 0.97 $ 1.59
Diluted net income per share (in dollars per share) 0.96 1.58
Dividends declared per share (in dollars per share) $ 0.34 $ 0.32
Service charges on deposit accounts    
Non-interest income:    
Fees and commissions, mortgage banking and servicing $ 2,326 $ 1,852
Mortgage banking activities    
Non-interest income:    
Fees and commissions, mortgage banking and servicing 2,298 10,169
Wealth management income    
Non-interest income:    
Fees and commissions, mortgage banking and servicing 9,337 8,730
Bank card fees    
Non-interest income:    
Fees and commissions, mortgage banking and servicing $ 1,668 $ 1,518