XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans $ 118,465 $ 94,353 $ 316,741 $ 250,390
Debt securities:        
Taxable 7,766 4,435 19,670 13,293
Nontaxable 4,976 3,585 13,444 10,058
Interest-earning deposits 4,190 480 7,502 906
Dividends on equity securities 298 375 988 942
Total interest income 135,695 103,228 358,345 275,589
Interest expense:        
Deposits 8,687 2,740 15,396 7,870
Subordinated debentures and notes 2,313 2,855 6,790 8,521
FHLB advances 103 212 495 604
Other borrowings 302 148 596 460
Total interest expense 11,405 5,955 23,277 17,455
Net interest income 124,290 97,273 335,068 258,134
Provision (benefit) for credit losses 676 19,668 (2,734) 17,045
Net interest income after provision (benefit) for credit losses 123,614 77,605 337,802 241,089
Noninterest income:        
Total noninterest income 9,454 17,619 42,289 45,113
Noninterest expense:        
Employee compensation and benefits 36,999 33,722 108,854 91,416
Occupancy 4,497 4,496 13,392 11,776
Data processing 3,543 3,328 9,914 9,068
Professional fees 1,597 901 4,316 3,189
Branch-closure expenses 0 3,441 0 3,441
Merger-related expenses 0 14,671 0 19,762
Other expense 22,207 16,326 60,591 43,573
Total noninterest expense 68,843 76,885 197,067 182,225
Income before income tax expense 64,225 18,339 183,024 103,977
Income tax expense 14,025 4,426 39,982 21,733
Net income 50,200 13,913 143,042 82,244
Dividends on preferred stock 937 0 3,104 0
Net income available to common shareholders $ 49,263 $ 13,913 $ 139,938 $ 82,244
Earnings per common share        
Basic (usd per share) $ 1.32 $ 0.38 $ 3.74 $ 2.48
Diluted (usd per share) $ 1.32 $ 0.38 $ 3.73 $ 2.48
Deposit service charges        
Noninterest income:        
Total noninterest income $ 4,951 $ 4,520 $ 13,863 $ 11,466
Wealth management revenue        
Noninterest income:        
Total noninterest income 2,432 2,573 7,587 7,572
Card services revenue        
Noninterest income:        
Total noninterest income 2,652 3,186 9,206 8,657
Tax credit income (loss)        
Noninterest income:        
Total noninterest income (3,625) 3,325 169 3,654
Other income        
Noninterest income:        
Total noninterest income $ 3,044 $ 4,015 $ 11,464 $ 13,764