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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest and fee income on loans:        
Taxable $ 94,734 $ 63,626 $ 269,151 $ 154,266
Tax exempt 4,831 4,644 14,335 14,447
Interest and dividend income on securities:        
Taxable 4,219 3,639 12,597 9,250
Tax exempt 7 5 20 2
Other interest income 2,984 1,849 7,607 3,687
Total interest income 106,775 73,763 303,710 181,652
Interest expense:        
Interest expense on deposits 30,896 3,274 65,804 7,020
Interest expense on securities sold under agreements to repurchase 65 51 163 74
Interest expense on other borrowed funds 2,404 1,952 16,381 6,202
Total interest expense 33,365 5,277 82,348 13,296
Net interest income 73,410 68,486 221,362 168,356
Provision for credit losses 3,890 3,750 11,672 12,450
Net interest income after credit loss expense 69,520 64,736 209,690 155,906
Noninterest income:        
Service charges on deposit accounts 5,475 4,807 15,848 13,111
Credit and debit card fees 2,996 3,103 9,034 8,508
Trust and investment advisory fees 1,398 1,552 4,337 5,408
Income from mortgage banking services, net 7,413 13,785 26,501 40,017
(Loss) gain on other real estate owned and foreclosed assets activity, net (643) 155 (643) 164
Other noninterest income 2,011 1,551 6,794 3,740
Total noninterest income 18,650 24,953 61,871 70,948
Noninterest expense:        
Salary and employee benefits 33,968 32,508 103,073 101,981
Occupancy and equipment 8,216 8,216 24,338 22,802
Amortization of intangible assets 899 935 3,993 2,197
Merger related expenses 0 0 0 18,751
Other noninterest expenses 13,093 13,889 39,081 37,952
Total noninterest expense 56,176 55,548 170,485 183,683
Income (loss) before income taxes 31,994 34,141 101,076 43,171
Provision for income taxes 6,762 7,628 21,557 8,559
Net income 25,232 26,513 79,519 34,612
Other comprehensive income (loss), net of tax:        
Loss on securities available-for-sale (7,089) (5,107) (9,909) (47,306)
Gain on fair value hedges of securities available-for-sale 1,290 1,438 1,594 2,536
Other comprehensive income (loss), net of tax (5,799) (3,669) (8,315) (44,770)
Comprehensive income (loss) 19,433 22,844 71,204 (10,158)
Earnings per share:        
Net income available to common stockholders, basic 25,232 26,513 79,519 34,612
Net income available to common stockholders, diluted $ 25,232 $ 26,513 $ 79,519 $ 34,612
Basic (in dollars per share) $ 1.01 $ 1.07 $ 3.19 $ 1.53
Diluted (in dollars per share) $ 1.00 $ 1.04 $ 3.13 $ 1.49