XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans, including fees $ 120,540 $ 121,733 $ 116,904
Securities:      
Taxable 9,445 12,267 8,890
Non taxable 4,639 3,546 1,018
Federal funds sold and interest-bearing deposits in banks 412 685 6,130
Total interest income 135,036 138,231 132,942
Interest expense:      
Deposits 8,293 11,894 22,491
Notes payable & other borrowings 43 662 2,314
Subordinated debt securities 4,056 2,223 1,616
Junior subordinated deferrable interest debentures 880 1,167 1,946
Total interest expense 13,272 15,946 28,367
Net interest income 121,764 122,285 104,575
Provision for loan losses (1,918) 25,570 2,799
Net interest income, after provision for loan losses 123,682 96,715 101,776
Noninterest income:      
Service charges on deposit accounts 6,963 7,032 8,129
Income from insurance activities 8,314 7,644 7,016
Net gain on sales of loans 51,184 63,531 23,521
Bank card services and interchange fees 12,239 10,035 8,692
Realized gain on sale of securities 0 2,318 0
Investment commissions 1,934 1,698 1,710
Fiduciary fees 2,917 3,185 2,306
Other 13,918 6,160 5,259
Total noninterest income 97,469 101,603 56,633
Noninterest expense:      
Salaries and employee benefits 93,360 89,220 75,392
Occupancy and equipment, net 14,560 14,658 13,572
Professional services 6,752 6,322 7,334
Marketing and development 3,225 3,088 3,017
IT and data services 4,007 3,574 2,830
Bank card expenses 4,995 4,253 3,346
Appraisal expenses 3,248 2,782 1,625
Other 17,883 17,818 14,592
Total noninterest expense 148,030 141,715 121,708
Income before income taxes 73,121 56,603 36,701
Income tax expense 14,507 11,250 7,481
Net income $ 58,614 $ 45,353 $ 29,220
Earnings per share:      
Basic (in dollars per share) $ 3.26 $ 2.51 $ 1.74
Diluted (in dollars per share) $ 3.17 $ 2.47 $ 1.71
Net income $ 58,614 $ 45,353 $ 29,220
Other comprehensive income:      
Change in net unrealized gain (loss) on securities available for sale (15,479) 28,193 4,025
Change in net gain (loss) on cash flow hedges 5,812 (76) 0
Reclassification adjustment for (gain) loss included in net income 0 (2,318) 28
Tax effect 2,030 (5,418) (852)
Other comprehensive income (loss) (7,637) 20,381 3,201
Comprehensive income $ 50,977 $ 65,734 $ 32,421