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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
INTEREST INCOME      
Loans $ 155,225 $ 163,499 $ 113,265
Investment securities and other interest-earning assets 17,769 17,325 10,524
Total interest income 172,994 180,824 123,789
INTEREST EXPENSE      
Deposits 4,426 5,685 10,487
FHLB advances and other borrowings 65 121 1,081
Subordinated debentures 6,851 6,820 3,046
Total interest expense 11,342 12,626 14,614
Net interest income before provision for credit losses 161,652 168,198 109,175
Provision for credit losses 1,974 1,517 25,454
Net interest income after provision for credit losses 159,678 166,681 83,721
NONINTEREST INCOME      
Loan servicing income 458 633 480
Earnings on bank-owned life insurance 2,233 2,240 1,336
Net gain from sales of loans 361 328 771
Net gain from sales of investment securities 4,046 5,002 7,760
Other income 4,602 3,197 1,754
Total noninterest income 23,740 23,194 14,475
NONINTEREST EXPENSE      
Compensation and benefits 52,548 52,044 34,376
Premises and occupancy 11,980 13,268 8,168
Data processing 5,828 5,990 3,253
Other real estate owned operations, net 0 (5) 14
FDIC insurance premiums 1,181 1,213 367
Legal and professional services 3,935 4,305 3,126
Marketing expense 1,598 1,442 1,412
Office expense 1,829 2,191 1,103
Loan expense 1,115 1,084 822
Deposit expense 3,859 5,026 4,988
Merger-related expense 5 5,071 1,724
Amortization of intangible assets 4,143 4,505 3,965
Other expense 4,468 3,805 3,313
Total noninterest expense 92,489 99,939 66,631
Net income before income taxes 90,929 89,936 31,565
Income tax expense 22,261 22,800 5,825
Net income $ 68,668 $ 67,136 $ 25,740
EARNINGS PER SHARE      
Basic (in dollars per share) $ 0.73 $ 0.71 $ 0.43
Diluted (in dollars per share) $ 0.72 $ 0.71 $ 0.43
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 93,529,147 93,568,994 59,007,191
Diluted (in shares) 94,093,644 93,969,188 59,189,717
Service charges on deposit accounts      
NONINTEREST INCOME      
Noninterest income $ 2,032 $ 2,005 $ 1,715
Other service fee income      
NONINTEREST INCOME      
Noninterest income 473 459 311
Debit card interchange fee income      
NONINTEREST INCOME      
Noninterest income 787 777 348
Trust custodial account fees      
NONINTEREST INCOME      
Noninterest income 7,222 7,296 0
Escrow and exchange fees      
NONINTEREST INCOME      
Noninterest income $ 1,526 $ 1,257 $ 0