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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income      
Interest and fees on loans $ 358,967 $ 337,749 $ 368,854
Interest and dividends on investment securities 51,481 23,205 18,440
Interest on balances with other banks and short-term investments 13,304 3,511 2,601
Interest on federal funds sold 861 31 91
Total interest income 424,613 364,496 389,986
Interest Expense      
Interest on deposits 83,261 27,772 53,566
Interest on customer repurchase agreements 356 51 293
Interest on short-term borrowings 3,980 2,008 1,869
Interest on long-term borrowings 4,149 10,151 12,696
Total interest expense 91,746 39,982 68,424
Net Interest Income 332,867 324,514 321,562
Provision (reversal) for Credit Losses 266 (20,821) 45,571
Provision (reversal) for Unfunded Commitments 1,477 (1,119) 1,380
Net Interest Income After Provision For Credit Losses 331,124 346,454 274,611
Noninterest Income      
Service charges on deposits 5,399 4,562 4,416
Gain on sale of loans 3,702 14,045 22,089
Gain (loss) on sale of investment securities (169) 2,964 1,815
Increase in the cash surrender value of bank owned life insurance 2,547 2,059 2,071
Other income 12,175 16,755 15,305
Total noninterest income 23,654 40,385 45,696
Noninterest Expense      
Salaries and employee benefits 84,053 88,398 74,440
Premises and equipment expenses 13,218 14,876 15,715
Marketing and advertising 4,721 4,165 4,278
Data processing 12,171 11,709 10,702
Legal, accounting and professional fees 8,583 11,510 16,406
FDIC insurance 4,969 5,897 7,941
SEC/FRB Penalties 22,977 0 0
Other expenses 14,406 12,610 14,680
Total noninterest expense 165,098 149,165 144,162
Income Before Income Tax Expense 189,680 237,674 176,145
Income Tax Expense 48,750 60,983 43,928
Net Income $ 140,930 $ 176,691 $ 132,217
Earnings Per Common Share      
Basic (in dollars per share) $ 4.40 $ 5.53 $ 4.09
Diluted (in dollars per share) $ 4.39 $ 5.52 $ 4.09