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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income:    
Loans $ 210,636 $ 173,787
Investment securities 27,110 23,247
Money market investments and interest-bearing cash accounts 4,650 820
Total interest and dividend income 242,396 197,854
Interest expense:    
Deposits 29,885 7,652
Advances from the FHLB:    
Short-term advances from the FHLB 4,341 0
Long-term advances from FHLB 2,835 1,063
Other long-term borrowings 3,381 1,333
Total interest expense 41,511 12,230
Net interest income 200,885 185,624
Provision for credit losses - expense (benefit):    
Loans and finance leases 16,256 (16,989)
Provision for credit losses - expense (benefit) 15,502 (13,802)
Net interest income after provision for credit losses 185,383 199,426
Non-interest income:    
Service charges and fees on deposit accounts 9,541 9,363
Mortgage banking activities 2,812 5,206
Insurance commission income 4,847 5,275
Card and processing income 10,918 9,681
Other non-interest income 4,400 3,333
Total non-interest income 32,518 32,858
Non-interest expenses:    
Employees' compensation and benefits 56,422 49,554
Occupancy and equipment 21,186 22,386
Business promotion 3,975 3,463
Professional service fees 11,973 10,594
Taxes, other than income taxes 5,112 5,018
FDIC deposit insurance 2,133 1,673
Net gain on OREO operations (1,996) (720)
Credit and debit card processing expenses 5,318 4,121
Communications 2,216 2,151
Other non-interest expenses 8,929 8,419
Total non-interest expenses 115,268 106,659
Income before income taxes 102,633 125,625
Income tax expense 31,935 43,025
Net income 70,698 82,600
Net income attributable to common stockholders $ 70,698 $ 82,600
Net income per common share:    
Basic $ 0.39 $ 0.42
Diluted $ 0.39 $ 0.41
Short-term Debt [Member]    
Interest expense:    
Securities sold under agreements to repurchase $ 1,069 $ 0
Long-term Debt [Member]    
Interest expense:    
Securities sold under agreements to repurchase 0 2,182
Debt Securities [Member]    
Provision for credit losses - expense (benefit):    
Other credit losses (649) 3,365
Unfunded Loan Commitment [Member]    
Provision for credit losses - expense (benefit):    
Other credit losses $ (105) $ (178)