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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Interest and fees on loans $ 120,850 $ 75,830
Interest and dividends on investment securities 13,545 11,430
Interest on balances with other banks and short-term investments 5,774 1,057
Interest on federal funds sold 78 4
Total interest income 140,247 88,321
Interest Expense    
Interest on deposits 48,954 6,359
Interest on customer repurchase agreements 302 13
Interest on other short-term borrowings 14,930 460
Interest on long-term borrowings 1,037 1,037
Total interest expense 65,223 7,869
Net Interest Income 75,024 80,452
Provision for (Reversal of) Credit Losses 6,164 (2,787)
Provision for (Reversal of) Credit Losses for Unfunded Commitments 848 (11)
Net Interest Income After Provision for (Reversal of) Credit Losses 68,012 83,250
Noninterest Income    
Service charges on deposits 1,510 1,286
Gain on sale of loans 305 1,492
Net loss on sale of investment securities (21) (25)
Increase in the cash surrender value of bank-owned life insurance 655 626
Other income 1,251 4,074
Total noninterest income 3,700 7,453
Noninterest Expense    
Salaries and employee benefits 24,174 17,019
Premises and equipment expenses 3,317 3,128
Marketing and advertising 636 1,064
Data processing 3,099 2,880
Legal, accounting and professional fees 3,254 1,561
FDIC insurance 1,486 1,058
Other expenses 4,618 4,302
Total noninterest expense 40,584 31,012
Income Before Income Tax Expense 31,128 59,691
Income Tax Expense 6,894 13,947
Net Income $ 24,234 $ 45,744
Earnings Per Common Share    
Basic (in dollars per share) $ 0.78 $ 1.43
Diluted (in dollars per share) $ 0.78 $ 1.42