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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans $ 60,882 $ 62,565
Interest and dividends on investment securities:    
Taxable interest income 14,094 8,611
Non-taxable interest income 838 1,005
Other interest income 277 150
Total interest income 76,091 72,331
Interest expense    
Deposits 2,124 3,732
Federal funds purchased and securities sold under agreements to repurchase 59 57
Short-term borrowings 89 19
Long-term debt 226 29
Senior notes 400 400
Subordinated notes 2,483 2,476
Junior subordinated debt owed to unconsolidated trusts 654 725
Total interest expense 6,035 7,438
Net interest income 70,056 64,893
Provision for credit losses (253) (6,796)
Net interest income after provision for credit losses 70,309 71,689
Noninterest income    
Income on bank owned life insurance 884 964
Realized net gains (losses) on securities 106 25
Unrealized net gains (losses) recognized on equity securities (720) 1,616
Other income 4,764 932
Total noninterest income 35,772 31,445
Noninterest expense    
Salaries, wages, and employee benefits 39,354 30,384
Data processing 4,978 4,280
Net occupancy expense of premises 5,067 4,563
Furniture and equipment expenses 2,030 2,026
Professional fees 1,507 1,945
Amortization of intangible assets 3,011 2,401
Interchange expense 1,545 1,484
Other expense 12,884 7,416
Total noninterest expense 70,376 54,499
Income before income taxes 35,705 48,635
Income taxes 7,266 10,819
Net income $ 28,439 $ 37,816
Basic earnings per common share (in dollars per share) $ 0.51 $ 0.69
Diluted earnings per common share (in dollars per share) 0.51 0.69
Dividends declared per share of common stock (in dollars per share) $ 0.23 $ 0.23
Wealth management fees    
Noninterest income    
Non-interest income $ 15,779 $ 12,584
Fees for customer services    
Noninterest income    
Non-interest income 8,907 8,037
Remittance processing    
Noninterest income    
Non-interest income 5,077 4,621
Mortgage revenue    
Noninterest income    
Mortgage revenue $ 975 $ 2,666