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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans $ 359,016 $ 216,566 $ 218,160
Securities 22,634 14,159 14,518
Other short-term investments 2,976 3,282 5,590
Total interest income 384,626 234,007 238,268
Interest expense:      
Deposits and escrow 16,527 33,038 62,079
Borrowed funds 10,490 23,265 28,768
Total interest expense 27,017 56,303 90,847
Net interest income 357,609 177,704 147,421
Provision for credit losses 6,212 26,165 17,340
Net interest income after provision for credit losses 351,397 151,539 130,081
Non-interest income:      
Service charges and other fees 15,998 5,571 5,805
Title fees 2,338    
Loan level derivative income 2,909 8,872 910
BOLI income 7,071 4,859 2,830
Gain on sale of Small Business Administration ("SBA") loans 23,033 1,118 1,102
Gain on sale of residential loans 1,758 1,884 438
Net gain on equity securities 131 361 531
Net gain on sale of securities and other assets 1,705 4,592 31
Loss on termination of derivatives (16,505) (6,596)  
Other 3,630 612 521
Total non-interest income 42,068 21,273 12,168
Non-interest expense:      
Salaries and employee benefits 108,331 60,756 52,065
Severance 1,875 4,000  
Occupancy and equipment 30,697 16,177 16,175
Data processing costs 16,638 8,329 7,816
Marketing 4,661 1,458 2,664
Professional services 9,284 3,394 3,938
Federal deposit insurance premiums 4,077 2,257 609
Loss from extinguishment of debt 1,751 1,104 3,780
Curtailment loss (gain) 1,543 (1,651)  
Merger expenses and transaction costs 44,824 15,256  
Branch restructuring costs 5,059    
Amortization of other intangible assets 2,622 0 0
Other 13,937 6,748 8,340
Total non-interest expense 245,299 117,828 95,387
Income before income taxes 148,166 54,984 46,862
Income tax expense 44,170 12,666 10,676
Net income 103,996 42,318 36,186
Preferred stock dividends 7,286 4,783  
Net income available to common stockholders $ 96,710 $ 37,535 $ 36,186
Earnings per common share:      
Basic $ 2.45 $ 1.74 $ 1.56
Diluted $ 2.45 $ 1.74 $ 1.55