XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ 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 $ 190,740 $ 167,761 $ 368,306 $ 338,918
Interest on taxable securities 7,064 5,244 11,303 11,362
Interest on nontaxable securities 269 139 455 280
Interest on deposits in other banks and federal funds sold 4,495 607 5,878 1,141
Total interest income 202,568 173,751 385,942 351,701
Interest expense        
Interest on deposits 4,908 5,775 9,000 12,573
Interest on other borrowings 6,296 6,124 13,034 12,299
Total interest expense 11,204 11,899 22,034 24,872
Net interest income 191,364 161,852 363,908 326,829
Provision for loan losses 13,227 (899) 10,493 (17,478)
Provision for unfunded commitments 1,779 1,299 10,788 (10,540)
Provision for other credit losses (82) (258) (126) (431)
Provision for credit losses 14,924 142 21,155 (28,449)
Net interest income after provision for credit losses 176,440 161,710 342,753 355,278
Noninterest income        
Service charges on deposit accounts 11,148 11,007 22,206 21,836
Mortgage banking activity 58,761 70,231 121,699 168,717
Other service charges, commissions and fees 998 1,056 1,937 2,072
Net loss on securities 248 1 221 (11)
Other noninterest income 12,686 6,945 24,689 14,599
Total noninterest income 83,841 89,240 170,752 207,213
Noninterest expense        
Salaries and employee benefits 81,545 85,505 165,826 181,490
Occupancy and equipment 12,746 10,812 25,473 22,593
Data processing and communications expenses 12,155 11,877 24,727 23,761
Credit resolution-related expenses 496 622 (469) 1,169
Advertising and marketing 3,122 1,946 5,110 3,377
Amortization of intangible assets 5,144 4,065 10,325 8,191
Merger and conversion charges 0 0 977 0
Loan servicing expense 9,920 4,914 18,839 10,814
Other noninterest expenses 17,068 16,020 35,208 33,164
Total noninterest expense 142,196 135,761 286,016 284,559
Income before income tax expense 118,085 115,189 227,489 277,932
Income tax expense 28,019 26,862 55,725 64,643
Net income 90,066 88,327 171,764 213,289
Other comprehensive loss        
Net unrealized holding losses arising during period on investment securities available-for-sale, net of tax benefit of $(2,870), $(283), $(7,503) and $(2,255) (10,794) (1,066) (28,225) (8,481)
Total other comprehensive loss (10,794) (1,066) (28,225) (8,481)
Comprehensive income $ 79,272 $ 87,261 $ 143,539 $ 204,808
Basic earnings per common share (in dollars per share) $ 1.30 $ 1.27 $ 2.48 $ 3.07
Diluted earnings per common share (in dollars per share) $ 1.30 $ 1.27 $ 2.47 $ 3.06
Weighted average common shares outstanding        
Basic (in shares) 69,136 69,497 69,246 69,448
Diluted (in shares) 69,316 69,792 69,485 69,765