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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans $ 102,153 $ 79,064 $ 198,276 $ 156,037
Debt securities:        
Taxable 6,553 4,318 11,904 8,858
Nontaxable 4,526 3,394 8,468 6,473
Interest-earning deposits 2,495 237 3,312 426
Dividends on equity securities 342 388 690 567
Total interest income 116,069 87,401 222,650 172,361
Interest expense:        
Deposits 3,850 2,467 6,709 5,130
Subordinated debentures and notes 2,257 2,847 4,477 5,666
FHLB advances 197 197 392 392
Other borrowings 152 152 294 312
Total interest expense 6,456 5,663 11,872 11,500
Net interest income 109,613 81,738 210,778 160,861
Provision (benefit) for credit losses 658 (2,669) (3,410) (2,623)
Net interest income after provision (benefit) for credit losses 108,955 84,407 214,188 163,484
Noninterest income:        
Total noninterest income 14,194 16,204 32,835 27,494
Noninterest expense:        
Employee compensation and benefits 36,028 28,132 71,855 57,694
Occupancy 4,309 3,529 8,895 7,280
Data processing 3,111 2,850 6,371 5,740
Professional fees 1,542 1,300 2,719 2,288
Merger-related expenses 0 1,949 0 5,091
Other expense 20,434 14,696 38,384 27,247
Total noninterest expense 65,424 52,456 128,224 105,340
Income before income tax expense 57,725 48,155 118,799 85,638
Income tax expense 12,576 9,750 25,957 17,307
Net income 45,149 38,405 92,842 68,331
Dividends on preferred stock 938 0 2,167 0
Net income available to common shareholders $ 44,211 $ 38,405 $ 90,675 $ 68,331
Earnings per common share        
Basic (usd per share) $ 1.19 $ 1.23 $ 2.42 $ 2.19
Diluted (usd per share) $ 1.19 $ 1.23 $ 2.41 $ 2.18
Deposit service charges        
Noninterest income:        
Total noninterest income $ 4,749 $ 3,862 $ 8,912 $ 6,946
Wealth management revenue        
Noninterest income:        
Total noninterest income 2,533 2,516 5,155 4,999
Card services revenue        
Noninterest income:        
Total noninterest income 3,514 2,975 6,554 5,471
Tax credit income        
Noninterest income:        
Total noninterest income 1,186 1,370 3,794 329
Other income        
Noninterest income:        
Total noninterest income $ 2,212 $ 5,481 $ 8,420 $ 9,749