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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and fee income on loans:        
Taxable $ 63,626 $ 37,225 $ 154,266 $ 102,068
Tax exempt 4,644 3,471 14,447 16,612
Interest and dividend income on securities:        
Taxable 3,639 1,949 9,250 5,634
Tax exempt 5 5 2 12
Other interest income 1,849 611 3,687 1,450
Total interest income 73,763 43,261 181,652 125,776
Interest expense:        
Interest expense on deposits 3,274 1,978 7,020 6,731
Interest expense on securities sold under agreements to repurchase 51 13 74 49
Interest expense on other borrowed funds 1,952 1,305 6,202 4,214
Total interest expense 5,277 3,296 13,296 10,994
Net interest income 68,486 39,965 168,356 114,782
Provision for loan losses 3,750 3,500 12,450 1,750
Net interest income after provision for loan losses 64,736 36,465 155,906 113,032
Noninterest income:        
Service charges on deposit accounts 4,807 3,471 13,111 8,659
Credit and debit card fees 3,103 2,472 8,508 7,140
Trust and investment advisory fees 1,552 1,974 5,408 5,871
Income from mortgage banking services, net 13,785 20,151 40,017 68,144
Gain on other real estate owned and foreclosed assets activity, net 155 93 164 591
Other noninterest income 1,551 523 3,740 4,443
Total noninterest income 24,953 28,684 70,948 94,848
Noninterest expense:        
Salary and employee benefits 32,508 36,061 101,981 113,129
Occupancy and equipment 8,216 6,643 22,802 19,867
Amortization of intangible assets 935 354 2,197 1,062
Merger related expenses 0 705 18,751 1,984
Other noninterest expenses 13,889 10,807 37,952 30,332
Total noninterest expense 55,548 54,570 183,683 166,374
Income (loss) before income taxes 34,141 10,579 43,171 41,506
Provision for income taxes 7,628 1,851 8,559 7,159
Net income 26,513 8,728 34,612 34,347
Other comprehensive income (loss), net of tax:        
(Loss) gain on securities available-for-sale (5,107) 263 (47,306) (1,714)
Gain on fair value hedges of securities available-for-sale 1,438 0 2,536 0
Other comprehensive (loss) income, net of tax (3,669) 263 (44,770) (1,714)
Comprehensive income (loss) 22,844 8,991 (10,158) 32,633
Earnings per share:        
Net income available to common stockholders, basic 26,513 8,728 34,612 34,347
Net income available to common stockholders, diluted $ 26,513 $ 8,728 $ 34,612 $ 34,347
Basic (in dollars per share) $ 1.07 $ 0.48 $ 1.53 $ 1.87
Diluted (in dollars per share) $ 1.04 $ 0.46 $ 1.49 $ 1.83