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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans and leases $ 86,689 $ 55,208
Investment securities, taxable 6,648 6,344
Investment securities, tax-exempt 482 134
Other 637 363
Total interest income 94,456 62,049
Interest expense:    
Deposits 21,263 2,376
Short-term borrowings 1,393 24
Subordinated notes 1,020 823
Long-term debt and mandatorily redeemable securities 1,215 (792)
Total interest expense 24,891 2,431
Net interest income 69,565 59,618
Provision for credit losses 3,049 2,233
Net interest income after provision for loan and lease losses 66,516 57,385
Noninterest income:    
Mortgage banking 802 1,377
Insurance commissions 2,029 1,905
Equipment rental 2,503 3,662
Losses on investment securities available-for-sale (44) 0
Other 4,844 3,301
Total noninterest income 23,323 23,145
Noninterest expense:    
Salaries and employee benefits 28,597 25,467
Net occupancy 2,622 2,811
Furniture and equipment 1,307 1,295
Information Technology and Data Processing 6,157 5,208
Depreciation - leased equipment 2,022 3,015
Professional fees 682 1,608
FDIC and other insurance 1,360 850
Business development and marketing 1,972 1,268
Other 4,702 3,814
Total noninterest expense 49,421 45,336
Income before income taxes 40,418 35,194
Income tax expense 9,287 7,793
Net income 31,131 27,401
Net (income) loss attributable to noncontrolling interests (7) (11)
Net income available to common shareholders $ 31,124 $ 27,390
Per common share:    
Basic net income per common share (in dollars per share) $ 1.25 $ 1.10
Diluted net income per common share (in dollars per share) 1.25 1.10
Cash dividends (in dollars per share) $ 0.32 $ 0.31
Basic weighted average common shares outstanding (in shares) 24,687,087 24,743,790
Diluted weighted average common shares outstanding (in shares) 24,687,087 24,743,790
Trust and wealth advisory    
Noninterest income:    
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 5,679 $ 5,914
Service charges on deposit accounts    
Noninterest income:    
Trust and wealth advisory, service charges on deposit accounts, and debit card income 3,003 2,792
Debit card    
Noninterest income:    
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 4,507 $ 4,194