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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans, including fees $ 137,954 $ 120,540 $ 121,733
Securities:      
Taxable 15,010 9,445 12,267
Non taxable 4,529 4,639 3,546
Federal funds sold and interest-bearing deposits in banks 3,675 412 685
Total interest income 161,168 135,036 138,231
Interest expense:      
Deposits 17,002 8,293 11,894
Notes payable & other borrowings 0 43 662
Subordinated debt 4,050 4,056 2,223
Junior subordinated deferrable interest debentures 1,640 880 1,167
Total interest expense 22,692 13,272 15,946
Net interest income 138,476 121,764 122,285
Provision for loan losses (2,619) (1,918) 25,570
Net interest income, after provision for loan losses 141,095 123,682 96,715
Noninterest income:      
Service charges on deposit accounts 6,829 6,963 7,032
Income from insurance activities 10,826 8,314 7,644
Net gain on sales of loans 20,764 51,184 63,531
Bank card services and interchange fees 12,946 12,239 10,035
Other mortgage banking income 10,606 8,542 1,511
Realized gain on sale of securities 0 0 2,318
Investment commissions 1,825 1,934 1,698
Fiduciary fees 2,390 2,917 3,185
Other 9,959 5,376 4,649
Total noninterest income 76,145 97,469 101,603
Noninterest expense:      
Salaries and employee benefits 86,323 93,360 89,220
Occupancy and equipment, net 15,987 14,560 14,658
Professional services 9,740 6,752 6,322
Marketing and development 3,614 3,225 3,088
IT and data services 3,780 4,007 3,574
Bank card expenses 5,376 4,995 4,253
Appraisal expenses 1,747 3,248 2,782
Other 17,522 17,883 17,818
Total noninterest expense 144,089 148,030 141,715
Income before income taxes 73,151 73,121 56,603
Income tax expense 14,911 14,507 11,250
Net income $ 58,240 $ 58,614 $ 45,353
Earnings per share:      
Basic (in dollars per share) $ 3.35 $ 3.26 $ 2.51
Diluted (in dollars per share) $ 3.23 $ 3.17 $ 2.47
Net income $ 58,240 $ 58,614 $ 45,353
Other comprehensive income (loss):      
Unrealized gain (loss) on securities available for sale (114,367) (15,479) 28,193
Less: Change in fair value on hedged state and municipal securities 14,607 5,812 (76)
Reclassification adjustment for (gain) loss included in net income 0 0 (2,318)
Tax effect 20,950 2,030 (5,418)
Other comprehensive income (loss) (78,810) (7,637) 20,381
Comprehensive income (loss) $ (20,570) $ 50,977 $ 65,734