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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Interest and fees on loans $ 65,567 $ 61,404 $ 126,449 $ 123,969
Interest and dividends on investment securities:        
Taxable interest income 15,840 9,081 29,934 17,692
Non-taxable interest income 831 958 1,669 1,963
Other interest income 358 245 635 395
Total interest income 82,596 71,688 158,687 144,019
Interest expense        
Deposits 2,146 3,295 4,270 7,027
Federal funds purchased and securities sold under agreements to repurchase 147 60 206 117
Short-term borrowings 147 64 236 83
Long-term debt 261 116 487 145
Senior notes 237 399 637 799
Subordinated notes 3,022 2,480 5,505 4,956
Junior subordinated debt owed to unconsolidated trusts 708 732 1,362 1,457
Total interest expense 6,668 7,146 12,703 14,584
Net interest income 75,928 64,542 145,984 129,435
Provision for credit losses 1,653 (1,700) 1,400 (8,496)
Net interest income after provision for credit losses 74,275 66,242 144,584 137,931
Noninterest income        
Income on bank owned life insurance 874 1,476 1,758 2,440
Realized net gains (losses) on securities 20 94 126 119
Unrealized net gains (losses) recognized on equity securities (1,734) 804 (2,454) 2,420
Other income 2,964 2,747 7,728 3,679
Total noninterest income 31,019 33,011 66,791 64,456
Noninterest expense        
Salaries, wages, and employee benefits 38,110 34,889 77,464 65,273
Data processing 5,375 4,819 10,353 9,099
Net occupancy expense of premises 4,720 4,246 9,787 8,809
Furniture and equipment expenses 2,045 2,066 4,075 4,092
Professional fees 1,607 2,311 3,114 4,256
Amortization of intangible assets 2,951 2,650 5,962 5,051
Interchange expense 1,487 1,442 3,032 2,926
Other expense 12,797 10,202 25,681 17,618
Total noninterest expense 69,092 62,625 139,468 117,124
Income before income taxes 36,202 36,628 71,907 85,263
Income taxes 6,378 6,862 13,644 17,681
Net income $ 29,824 $ 29,766 $ 58,263 $ 67,582
Basic earnings per common share (in dollars per share) $ 0.54 $ 0.54 $ 1.05 $ 1.23
Diluted earnings per common share (in dollars per share) 0.53 0.53 1.04 1.22
Dividends declared per share of common stock (in dollars per share) $ 0.23 $ 0.23 $ 0.46 $ 0.46
Wealth management fees        
Noninterest income        
Non-interest income $ 14,135 $ 13,002 $ 29,914 $ 25,586
Fees for customer services        
Noninterest income        
Non-interest income 9,588 8,611 18,495 16,648
Payment technology solutions        
Noninterest income        
Non-interest income 4,888 4,530 9,965 9,151
Mortgage revenue        
Noninterest income        
Mortgage revenue $ 284 $ 1,747 $ 1,259 $ 4,413