XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest incomeand divided income:      
Loans $ 719,153 $ 631,047 $ 602,998
Investment securities 72,893 58,547 59,546
Money martket investments and interest-bearing cash accounts 2,662 3,388 13,353
Total interest income and dividend income 794,708 692,982 675,897
Interest expense:      
Deposits 41,482 68,388 77,782
Loans payable 0 21 0
Securities sold under agreements to repurchase 9,963 6,645 6,647
Advances from FHLB 8,199 11,251 14,963
Other borrowings 5,135 6,355 9,424
Total interest expense 64,779 92,660 108,816
Net interest income 729,929 600,322 567,081
Provision for credit losses - (benefit) expense:      
Provision for Loan and Lease Losses (61,720) 168,717 40,225
Provision for credit losses - (benefit) expense (65,698) 170,985 39,813
Net interest income after provision for credit losses 795,627 429,337 527,268
Non-interest income:      
Service charges and fees on deposit accounts 35,284 24,612 23,916
Mortgage banking activities 24,998 22,124 17,058
Net gain (loss) on sale of investments 0 13,198 (497)
Gain on early extinguishment of debt 0 94 0
Insurance commission income 11,945 9,364 10,186
Other non-interest income 48,937 41,834 39,909
Total non-interest income 121,164 111,226 90,572
Non-interest expenses:      
Employees' compensation and benefits 200,457 177,073 162,374
Occupancy and equipment 93,253 74,633 63,169
Business promotion 15,359 12,145 15,710
Professional fees 59,956 52,633 45,889
Taxes, other than income taxes 22,151 17,762 15,325
Federal Deposit Insurance Corporation (FDIC) deposit insurance 6,544 6,488 6,319
Net (gain) loss on OREO and OREO expenses (2,160) 3,598 14,644
Credit and debit card processing expenses 22,169 19,144 16,472
Communications 9,387 8,437 6,891
Merger and restructuring costs 26,435 26,509 11,442
Other non-interest expenses 35,423 25,818 20,233
Total non-interest expenses 488,974 424,240 378,468
Income before income taxes 427,817 116,323 239,372
Income tax expense 146,792 14,050 71,995
Net income 281,025 102,273 167,377
Net income attributable to common stockholders $ 277,338 $ 99,597 $ 164,701
Net income per common share:      
Basic $ 1.32 $ 0.46 $ 0.76
Diluted $ 1.31 $ 0.46 $ 0.76
Debt Securities [Member]      
Provision for credit losses - (benefit) expense:      
Provision for Other Credit Losses $ (410) $ 1,085 $ 0
Unfunded Loan Commitment [Member]      
Provision for credit losses - (benefit) expense:      
Provision for Other Credit Losses $ (3,568) $ 1,183 $ (412)