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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Interest and fees on loans $ 89,775 $ 60,882
Interest and dividends on investment securities:    
Taxable interest income 19,599 14,094
Non-taxable interest income 743 838
Other interest income 988 277
Total interest income 111,105 76,091
Interest expense    
Deposits 14,740 2,124
Federal funds purchased and securities sold under agreements to repurchase 1,222 59
Short-term borrowings 4,822 89
Long-term debt 454 226
Senior notes 0 400
Subordinated notes 3,097 2,483
Junior subordinated debt owed to unconsolidated trusts 913 654
Total interest expense 25,248 6,035
Net interest income 85,857 70,056
Provision for credit losses 953 (253)
Net interest income after provision for credit losses 84,904 70,309
Noninterest income    
Mortgage revenue 288 975
Income on bank owned life insurance 1,652 884
Realized net gains (losses) on securities 4 106
Unrealized net gains (losses) recognized on equity securities (620) (720)
Other income 3,593 4,764
Total noninterest income 31,848 35,772
Noninterest expense    
Salaries, wages, and employee benefits 40,331 39,354
Data processing 5,640 4,978
Net occupancy expense of premises 4,762 5,067
Furniture and equipment expenses 1,746 2,030
Professional fees 2,058 1,507
Amortization of intangible assets 2,729 3,011
Interchange expense 1,853 1,545
Other expense 11,284 12,884
Total noninterest expense 70,403 70,376
Income before income taxes 46,349 35,705
Income taxes 9,563 7,266
Net income $ 36,786 $ 28,439
Basic earnings per common share (in dollars per share) $ 0.66 $ 0.51
Diluted earnings per common share (in dollars per share) 0.65 0.51
Dividends declared per share of common stock (in dollars per share) $ 0.24 $ 0.23
Wealth management fees    
Noninterest income    
Noninterest income $ 14,797 $ 15,779
Fees for customer services    
Noninterest income    
Noninterest income 6,819 8,907
Payment technology solutions    
Noninterest income    
Noninterest income $ 5,315 $ 5,077