XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Investment securities $ 43,642 $ 38,654
Residential real estate loans 15,838 15,515
Commercial loans 155,682 124,556
Consumer and other loans 16,726 11,791
Total interest income 231,888 190,516
Interest Expense    
Deposits 12,545 3,464
Securities sold under agreements to repurchase 4,606 393
Federal Home Loan Bank advances 23,605 12
FRB Bank Term Funding 3,032 0
Other borrowed funds 496 220
Subordinated debentures 1,412 872
Total interest expense 45,696 4,961
Net Interest Income 186,192 185,555
Provision for credit losses 5,470 7,031
Net interest income after provision for credit losses 180,722 178,524
Non-Interest Income    
Service charges and other fees 17,771 17,111
Miscellaneous loan fees and charges 3,967 3,555
Gain on sale of loans 2,400 9,015
(Loss) gain on sale of debt securities (114) 446
Other income 3,871 3,436
Total non-interest income 27,895 33,563
Non-Interest Expense    
Compensation and employee benefits 81,477 79,074
Occupancy and equipment 11,665 10,964
Advertising and promotions 4,235 3,232
Data processing 8,109 7,475
Other real estate owned and foreclosed assets 12 0
Regulatory assessments and insurance 4,903 3,055
Core deposit intangibles amortization 2,449 2,664
Other expenses 22,132 23,844
Total non-interest expense 134,982 130,308
Income Before Income Taxes 73,635 81,779
Federal and state income tax expense 12,424 13,984
Net Income $ 61,211 $ 67,795
Basic earnings per share (in dollars per share) $ 0.55 $ 0.61
Diluted earnings per share (in dollars per share) 0.55 0.61
Dividends declared per share (in dollars per share) $ 0.33 $ 0.33
Average outstanding shares - basic (in shares) 110,824,648 110,724,655
Average outstanding shares - diluted (in shares) 110,881,708 110,800,001