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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans and fees on loans $ 89,198 $ 84,993
Investment securities, taxable 3,399 2,929
Other interest earning assets 185 303
Total interest income 92,782 88,225
Interest expense    
Deposits 14,348 16,944
Borrowings 655 1,331
Total interest expense 15,003 18,275
Net interest income 77,779 69,950
Provision for (recovery of) loan and lease credit losses 1,836 (873)
Net interest income after provision for (recovery of) loan and lease credit losses 75,943 70,823
Noninterest income    
Loan servicing revenue 6,356 6,434
Loan servicing asset revaluation (1,569) 1,493
Net gains on sales of loans 20,977 11,929
Net gain on loans accounted for under the fair value option 516 4,218
Equity method investments income (loss) (2,124) (1,157)
Equity security investments gains (losses), net (44) 105
Lease income 2,503 2,599
Management fee income 1,488 1,934
Other noninterest income 4,565 3,502
Total noninterest income 32,668 31,057
Noninterest expense    
Salaries and employee benefits 38,507 31,366
Travel expense 1,897 659
Professional services expense 2,791 3,831
Advertising and marketing expense 1,729 652
Occupancy expense 2,327 2,112
Technology expense 6,053 4,878
Equipment expense 3,816 3,701
Other loan origination and maintenance expense 3,113 3,327
Renewable energy tax credit investment impairment   3,127
FDIC insurance 1,972 1,765
Other expense 3,509 2,854
Total noninterest expense 65,714 58,272
Income before taxes 42,897 43,608
Income tax expense 8,388 4,181
Net income $ 34,509 $ 39,427
Basic earnings per share $ 0.79 $ 0.92
Diluted earnings per share $ 0.76 $ 0.88