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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Interest and fees on loans $ 76,081 $ 65,163 $ 202,530 $ 189,132
Interest and dividends on investment securities:        
Taxable interest income 17,436 11,324 47,370 29,016
Non-taxable interest income 813 915 2,482 2,878
Other interest income 1,085 462 1,720 857
Total interest income 95,415 77,864 254,102 221,883
Interest expense        
Deposits 3,565 3,059 7,835 10,086
Federal funds purchased and securities sold under agreements to repurchase 459 60 665 177
Short-term borrowings 190 112 426 195
Long-term debt 372 270 859 415
Senior notes 0 400 637 1,199
Subordinated notes 3,738 2,480 9,243 7,436
Junior subordinated debt owed to unconsolidated trusts 786 728 2,148 2,185
Total interest expense 9,110 7,109 21,813 21,693
Net interest income 86,305 70,755 232,289 200,190
Provision for credit losses 2,364 (1,869) 3,764 (10,365)
Net interest income after provision for credit losses 83,941 72,624 228,525 210,555
Noninterest income        
Mortgage revenue 438 1,740 1,697 6,153
Income on bank owned life insurance 958 999 2,716 3,439
Realized net gains (losses) on securities (74) (5) 52 114
Unrealized net gains (losses) recognized on equity securities 78 62 (2,376) 2,482
Other income 4,318 2,806 12,046 6,485
Total noninterest income 30,933 33,259 97,724 97,715
Noninterest expense        
Salaries, wages, and employee benefits 39,762 41,949 117,226 107,222
Data processing 5,447 7,782 15,800 16,881
Net occupancy expense of premises 4,705 4,797 14,492 13,606
Furniture and equipment expenses 1,799 2,208 5,874 6,300
Professional fees 1,579 1,361 4,693 5,617
Amortization of intangible assets 2,871 3,149 8,833 8,200
Interchange expense 1,574 1,434 4,606 4,360
Other expense 12,999 10,807 38,680 28,425
Total noninterest expense 70,736 73,487 210,204 190,611
Income before income taxes 44,138 32,396 116,045 117,659
Income taxes 8,477 6,455 22,121 24,136
Net income $ 35,661 $ 25,941 $ 93,924 $ 93,523
Basic earnings per common share (in dollars per share) $ 0.64 $ 0.46 $ 1.70 $ 1.69
Diluted earnings per common share (in dollars per share) 0.64 0.46 1.67 1.67
Dividends declared per share of common stock (in dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.69
Wealth management fees        
Noninterest income        
Noninterest income $ 12,508 $ 13,749 $ 42,422 $ 39,335
Fees for customer services        
Noninterest income        
Noninterest income 7,627 9,288 26,122 25,936
Payment technology solutions        
Noninterest income        
Noninterest income $ 5,080 $ 4,620 $ 15,045 $ 13,771