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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Loans $ 170,159 $ 102,153 $ 322,765 $ 198,276
Debt securities:        
Taxable 9,619 6,553 18,905 11,904
Nontaxable 5,659 4,526 11,256 8,468
Interest-earning deposits 2,095 2,495 3,290 3,312
Dividends on equity securities 365 342 714 690
Total interest income 187,897 116,069 356,930 222,650
Interest expense:        
Deposits 41,372 3,850 66,033 6,709
Subordinated debentures and notes 2,431 2,257 4,840 4,477
FHLB advances 1,279 197 2,611 392
Other borrowings 2,123 152 3,225 294
Total interest expense 47,205 6,456 76,709 11,872
Net interest income 140,692 109,613 280,221 210,778
Provision (benefit) for credit losses 6,339 658 10,522 (3,410)
Net interest income after provision (benefit) for credit losses 134,353 108,955 269,699 214,188
Noninterest income:        
Total noninterest income 14,290 14,194 31,188 32,835
Noninterest expense:        
Employee compensation and benefits 41,641 36,028 84,144 71,855
Occupancy 3,954 4,309 8,015 8,895
Data processing 3,661 3,111 7,371 6,371
Professional fees 1,566 1,542 3,197 2,719
Other expense 35,134 20,434 64,212 38,384
Total noninterest expense 85,956 65,424 166,939 128,224
Income before income tax expense 62,687 57,725 133,948 118,799
Income tax expense 13,560 12,576 29,083 25,957
Net income 49,127 45,149 104,865 92,842
Dividends on preferred stock 937 938 1,875 2,167
Net income available to common shareholders $ 48,190 $ 44,211 $ 102,990 $ 90,675
Earnings per common share        
Basic (usd per share) $ 1.29 $ 1.19 $ 2.76 $ 2.42
Diluted (usd per share) $ 1.29 $ 1.19 $ 2.75 $ 2.41
Deposit service charges        
Noninterest income:        
Total noninterest income $ 3,910 $ 4,749 $ 8,038 $ 8,912
Wealth management revenue        
Noninterest income:        
Total noninterest income 2,472 2,533 4,988 5,155
Card services revenue        
Noninterest income:        
Total noninterest income 2,464 3,514 4,802 6,554
Tax credit income        
Noninterest income:        
Total noninterest income 368 1,186 2,181 3,794
Other income        
Noninterest income:        
Total noninterest income $ 5,076 $ 2,212 $ 11,179 $ 8,420