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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans receivable $ 407,828 $ 390,343 $ 410,907
Mortgage-backed securities 30,804 21,463 17,416
Taxable investment securities 3,070 2,616 1,985
Tax-free investment securities 2,767 2,485 2,060
FHLB stock dividends 730 407 981
Interest-earning deposits 3,599 1,194 719
Total interest income 448,798 418,508 434,068
Interest expense:      
Deposits 14,120 19,122 35,896
Borrowed funds 13,997 8,124 6,444
Total interest expense 28,117 27,246 42,340
Net interest income 420,681 391,262 391,728
Current period provision 17,860 (11,883) 83,975
Net interest income after provision for credit losses 402,821 403,145 307,753
Noninterest income:      
(Loss)/gain on sale of investments (8) (176) 236
Gain on sale of loans 0 0 1,302
Service charges and fees 55,188 51,837 55,613
Trust and other financial services income 27,765 27,921 20,922
Insurance commission income 0 3,633 9,132
Gain/(loss) on real estate owned, net 603 442 (106)
Income from bank-owned life insurance 7,129 6,050 5,190
Mortgage banking income 4,865 15,892 31,391
Gain on sale of insurance business 0 25,327 0
Other operating income 15,307 11,963 8,585
Total noninterest income 110,849 142,889 132,265
Noninterest expense:      
Compensation and employee benefits 188,359 193,887 178,375
Premises and occupancy costs 29,618 31,073 30,622
Office operations 13,318 13,769 15,728
Collections expense 1,808 1,932 3,275
Processing expenses 52,496 55,763 50,050
Marketing expenses 9,095 8,237 7,695
Federal deposit insurance premiums 4,778 4,975 4,767
Professional services 14,703 17,621 12,482
Amortization of intangible assets 4,277 5,553 6,856
Real estate owned expense 223 298 359
Merger, asset disposition and restructuring expense 5,617 3,453 20,789
Other expenses 15,686 8,349 16,494
Total noninterest expense 339,978 344,910 347,492
Income before income taxes 173,692 201,124 92,526
Provision for income taxes:      
Federal 30,910 35,306 14,896
State 9,116 11,495 2,776
Total provision for income taxes 40,026 46,801 17,672
Net income available to common shareholders $ 133,666 $ 154,323 $ 74,854
Basic earnings per share (in dollars per share) $ 1.05 $ 1.22 $ 0.62
Diluted earnings per share (in dollars per share) $ 1.05 $ 1.21 $ 0.62