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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans $ 406,601 $ 359,016 $ 216,566
Securities 29,224 22,634 14,159
Other short-term investments 3,400 2,976 3,282
Total interest income 439,225 384,626 234,007
Interest expense:      
Deposits and escrow 38,433 16,527 33,038
Borrowed funds 19,117 10,490 23,265
Derivative cash collateral 1,812    
Total interest expense 59,362 27,017 56,303
Net interest income 379,863 357,609 177,704
Provision for credit losses 5,374 6,212 26,165
Net interest income after provision for credit losses 374,489 351,397 151,539
Non-interest income:      
Service charges and other fees 16,206 15,998 5,571
Title fees 2,031 2,338  
Loan level derivative income 3,637 2,909 8,872
BOLI income 10,346 7,071 4,859
Gain on sale of Small Business Administration ("SBA") loans 1,797 23,033 1,118
Gain on sale of residential loans 448 1,758 1,884
Net gains on marketable equity securities   131 361
Net gain on sale of securities and other assets 1,397 1,705 4,592
Loss on termination of derivatives   (16,505) (6,596)
Other 2,294 3,630 612
Total non-interest income 38,156 42,068 21,273
Non-interest expense:      
Salaries and employee benefits 120,108 108,331 60,756
Severance 2,198 1,875 4,000
Occupancy and equipment 30,220 30,697 16,177
Data processing costs 15,175 16,638 8,329
Marketing 5,900 4,661 1,458
Professional services 8,069 9,284 3,394
Federal deposit insurance premiums 3,900 4,077 2,257
Loss from extinguishment of debt for FHLB advances and subordinated debt 740 1,751 1,104
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 1,878 2,622  
Other 12,542 13,937 6,748
Total non-interest expense 200,730 245,299 117,828
Income before income taxes 211,915 148,166 54,984
Income tax expense 59,359 44,170 12,666
Net income 152,556 103,996 42,318
Preferred stock dividends 7,286 7,286 4,783
Net income available to common stockholders $ 145,270 $ 96,710 $ 37,535
Earnings per common share:      
Basic $ 3.73 $ 2.45 $ 1.74
Diluted $ 3.73 $ 2.45 $ 1.74