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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and fee income on loans:        
Taxable $ 90,480 $ 53,749 $ 174,417 $ 90,640
Tax exempt 4,840 4,836 9,504 9,803
Interest and dividend income on securities:        
Taxable 4,221 3,340 8,378 5,611
Tax exempt 6 (7) 13 (3)
Other interest income 2,485 1,310 4,623 1,838
Total interest income 102,032 63,228 196,935 107,889
Interest expense:        
Interest expense on deposits 20,729 2,172 34,908 3,746
Interest expense on securities sold under agreements to repurchase 68 15 98 23
Interest expense on other borrowed funds 7,400 2,456 13,977 4,250
Total interest expense 28,197 4,643 48,983 8,019
Net interest income 73,835 58,585 147,952 99,870
Provision for credit losses 4,422 5,000 7,782 8,700
Net interest income after credit loss expense 69,413 53,585 140,170 91,170
Noninterest income:        
Service charges on deposit accounts 5,358 4,379 10,373 8,304
Credit and debit card fees 3,057 2,990 6,038 5,405
Trust and investment advisory fees 1,478 1,909 2,939 3,856
Income from mortgage banking services, net 11,659 11,671 19,088 26,232
(Loss) gain on other real estate owned and foreclosed assets activity, net 0 (11) 0 9
Other noninterest income 2,738 1,364 4,783 2,189
Total noninterest income 24,290 22,302 43,221 45,995
Noninterest expense:        
Salary and employee benefits 34,056 35,248 69,105 69,473
Occupancy and equipment 7,948 7,753 16,122 14,586
Amortization of intangible assets 2,050 935 3,094 1,262
Merger related expenses 0 18,448 0 18,751
Other noninterest expenses 13,989 13,284 25,988 24,063
Total noninterest expense 58,043 75,668 114,309 128,135
Income (loss) before income taxes 35,660 219 69,082 9,030
Provision (benefit) for income taxes 7,654 (211) 14,795 931
Net income 28,006 430 54,287 8,099
Other comprehensive income (loss), net of tax:        
Loss on securities available-for-sale (5,091) (25,867) (2,820) (42,199)
Gain on fair value hedges of securities available-for-sale 988 1,098 304 1,098
Other comprehensive income (loss), net of tax (4,103) (24,769) (2,516) (41,101)
Comprehensive income (loss) 23,903 (24,339) 51,771 (33,002)
Earnings per share:        
Net income available to common stockholders, basic 28,006 430 54,287 8,099
Net income available to common stockholders, diluted $ 28,006 $ 430 $ 54,287 $ 8,099
Basic (in dollars per share) $ 1.12 $ 0.02 $ 2.18 $ 0.38
Diluted (in dollars per share) $ 1.11 $ 0.02 $ 2.14 $ 0.36