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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST AND DIVIDEND INCOME      
Interest and fees on loans and leases $ 222,993 $ 208,788 $ 235,501
Interest on taxable securities 19,694 25,887 25,233
Interest on tax-exempt securities 3,907 2,981 1,786
Other interest and dividend income 2,332 1,574 2,294
Total interest and dividend income 248,926 239,230 264,814
INTEREST EXPENSE      
Deposits 4,502 16,624 36,325
Other borrowings 1,663 3,318 9,255
Subordinated notes and debentures 6,374 4,310 2,949
Total interest expense 12,539 24,252 48,529
Net interest income 236,387 214,978 216,285
Provision for loan and lease losses 1,457 55,949 20,708
Net interest income after provision for loan and lease losses 234,930 159,029 195,577
NON-INTEREST INCOME      
Fees and Service Charges on Deposits 7,254 6,471 6,458
Loan Servicing Revenue Non Interest Income 12,693 11,319 10,695
Loan Servicing Asset Revaluation (6,658) (4,951) (6,639)
ATM and interchange fees 4,476 4,165 3,785
Net gains on sales of securities available-for-sale 1,435 5,301 1,151
Change in fair value of equity securities, net (62) 729 1,416
Net gains on sales of loans 46,274 33,349 31,845
Wealth management and trust income 3,069 2,680 2,578
Other non-interest income 5,772 2,997 4,259
Total non-interest income 74,253 62,060 55,548
NON-INTEREST EXPENSE      
Salaries and employee benefits 101,222 89,756 95,309
Occupancy expense, net 16,553 19,402 16,668
Equipment expense 4,059 3,555 3,103
Impairment loss on assets held for sale 12,332 4,769 569
Loan and lease related expenses 5,957 5,955 8,015
Legal, audit, and other professional fees 10,198 8,138 11,453
Data processing 11,780 10,900 13,733
Net loss recognized on other real estate owned and other related expenses 1,078 1,819 665
Regulatory assessments 1,717 2,221 697
Other intangible assets amortization expense 7,073 7,624 7,737
Advertising and promotions 1,800 1,287 3,398
Telecommunications 1,155 1,728 1,963
Other non-interest expense 10,047 12,268 10,520
Total non-interest expense 184,971 169,422 173,830
INCOME BEFORE PROVISION FOR INCOME TAXES 124,212 51,667 77,295
PROVISION FOR INCOME TAXES 31,427 14,200 20,293
NET INCOME 92,785 37,467 57,002
Dividends on preferred shares 783 783 783
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 92,002 $ 36,684 $ 56,219
EARNINGS PER COMMON SHARE      
Basic $ 2.45 $ 0.96 $ 1.51
Diluted $ 2.40 $ 0.96 $ 1.48