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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 $ 223,787 $ 225,084 $ 130,853
Investment securities:      
Tax-exempt 3,898 3,509 4,883
Taxable 15,471 7,960 3,300
Interest-bearing deposits 198 435 1,395
FHLB stock dividends 233 958 653
Total interest income 243,587 237,946 141,084
Interest Expense      
Deposits 13,482 26,918 22,613
Federal Home Loan Bank advances and other 23 1,691 1,443
Subordinated debentures 2,713 1,300 1,354
Securities sold under agreement to repurchase   32 25
Total interest expense 16,218 29,941 25,435
Net interest income 227,369 208,005 115,649
Credit loss (benefit) expense - loans and leases [1] (6,733) 43,154 2,905
Credit loss (benefit) expense - unfunded commitments [1] (319) 1,096 (21)
Net interest income after provision for credit losses 234,421 163,755 112,765
Non-interest Income      
Service fees and other charges 24,168 21,369 14,028
Mortgage banking income 21,925 28,199 9,483
Insurance commissions 15,780 16,788 14,118
Gain on sale of non-mortgage loans   324 226
Gain on sale of securities available for sale 2,218 1,464 24
Gain on equity securities 1,954 90  
Wealth management income 6,027 6,159 3,127
Income from Bank Owned Life Insurance 5,121 3,306 2,158
Other non-interest income 2,764 2,985 1,792
Total non-interest income 79,957 80,684 44,956
Non-interest Expense      
Compensation and benefits 90,646 77,213 57,175
Occupancy 15,501 16,320 9,027
FDIC insurance premium 2,896 3,355 484
Financial institutions tax 4,079 4,173 2,194
Data processing 13,550 14,886 8,055
Acquisition related charges   19,485 1,422
Amortization of intangibles 6,208 6,449 1,119
Other non-interest expense 25,075 23,289 17,608
Total non-interest expense 157,955 165,170 97,084
Income before income taxes 156,423 79,269 60,637
Federal income taxes 30,372 16,192 11,267
Net Income $ 126,051 $ 63,077 $ 49,370
Earnings per common share (Note 4)      
Basic $ 3.39 $ 1.75 $ 2.49
Diluted $ 3.39 $ 1.75 $ 2.48
[1] Beginning January 1, 2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on incurred loss methodology.