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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Interest and fees on loans $ 101,367 $ 88,639
Taxable interest and dividends on securities 27,876 10,206
Non-taxable interest and dividends on securities 1,806 1,856
Interest on federal funds sold and other short-term investments 436 432
Total interest and dividend income 131,485 101,133
Interest expense:    
Interest on deposits 3,322 1,002
Interest on borrowings 39 40
Total interest expense 3,361 1,042
Net interest income 128,124 100,091
Release of allowance for loan losses (485) (580)
Net interest income after provision for loan losses 128,609 100,671
Noninterest income:    
Insurance commissions 28,713 28,147
Service charges on deposit accounts 8,537 5,367
Trust and investment advisory fees 6,141 5,663
Debit card processing fees 2,945 2,749
Interest rate swap income 2,932 5,405
(Losses) income from investments held in rabbi trusts (4,433) 1,846
Gains on sales of mortgage loans held for sale, net 169 1,479
(Losses) gains on sales of securities available for sale, net (2,172) 1,164
Other 3,583 3,392
Total noninterest income 46,415 55,212
Noninterest expense:    
Salaries and employee benefits 69,526 64,040
Office occupancy and equipment 11,614 8,217
Data processing 15,320 12,129
Professional services 4,701 4,148
Marketing 1,574 1,691
Loan expenses 1,168 1,847
FDIC insurance 1,412 948
Amortization of intangible assets 827 532
Other 2,724 497
Total noninterest expense 108,866 94,049
Income before income tax expense 66,158 61,834
Income tax expense 14,642 14,171
Net income $ 51,516 $ 47,663
Basic earnings per share (in dollars per share) $ 0.30 $ 0.28
Diluted earnings per share (in dollars per share) $ 0.30 $ 0.28