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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans receivable $ 228,841 $ 255,236 $ 217,774
Debt securities available for sale and equity securities 30,211 28,376 30,938
Debt securities held to maturity 8,632 8,025 8,180
Federal funds and interest-earning deposits 430 413 594
Federal Home Loan Bank stock dividends 2,036 3,661 3,597
Total interest income 270,150 295,711 261,083
Interest expense:      
Deposits 29,109 55,246 61,551
Borrowings 7,907 18,892 27,161
Total interest expense 37,016 74,138 88,712
Net interest income 233,134 221,573 172,371
(Reversal of) provision for loan losses (9,953) 18,447 4,224
Net interest income after (reversal of) provision for loan losses 243,087 203,126 168,147
Non-interest income:      
Bank-owned life insurance 5,994 6,620 5,846
Gain on securities transactions 2,025 370 2,612
Change in fair value of equity securities (1,792) 767 305
Gain on sale of loans 10,790 5,444 785
Other non-interest income 8,940 6,983 5,922
Total non-interest income (loss) 38,831 31,270 31,636
Non-interest expense:      
Compensation and employee benefits 99,534 100,687 84,256
Occupancy 20,071 19,170 16,180
Federal deposit insurance premiums 2,374 1,901 895
Advertising 2,358 2,641 3,932
Professional fees 7,363 5,810 5,913
Data processing and software expenses 11,497 10,285 8,670
Merger-related expenses 822 1,931 2,755
Loss on extinguishment of debt 2,851 1,158 0
Other non-interest expense 8,867 14,556 6,100
Total non-interest expense 155,737 158,139 128,701
Income before income tax expense 126,181 76,257 71,082
Income tax expense 34,132 18,654 16,365
Net income $ 92,049 $ 57,603 $ 54,717
Earnings per share - basic (in dollars per share) $ 0.88 $ 0.52 $ 0.49
Earnings per share - diluted (in dollars per share) $ 0.88 $ 0.52 $ 0.49
Weighted average shares outstanding - basic (in shares) 104,156,112 109,755,924 111,101,246
Weighted average shares outstanding - diluted (in shares) 104,156,112 109,755,924 111,101,246
Demand deposit account fees      
Non-interest income:      
Revenue $ 3,803 $ 3,633 $ 4,478
Title insurance fees      
Non-interest income:      
Revenue 6,088 5,034 4,981
Loan fees and service charges      
Non-interest income:      
Revenue $ 2,983 $ 2,419 $ 6,707