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Consolidated Statements of Earnings - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME:    
Interest and fees on loans $ 64,499,000 $ 66,435,000
Interest on investment securities:    
Taxable 17,823,000 10,264,000
Exempt from federal income tax 14,593,000 13,749,000
Interest on federal funds sold and interest-bearing demand deposits in banks 94,000 162,000
Total interest income 97,009,000 90,610,000
INTEREST EXPENSE:    
Interest on deposits 1,370,000 1,695,000
Other 200,000 91,000
Total interest expense 1,570,000 1,786,000
Net interest income 95,439,000 88,824,000
Provision for Credit losses 4,782,000 (1,997,000)
Net interest income after provision for credit losses 90,657,000 90,821,000
NONINTEREST INCOME:    
Trust fees 9,817,000 8,299,000
Service charges on deposit accounts 5,706,000 4,793,000
ATM, interchange and credit card fees 9,528,000 8,677,000
Gain on sale and fees on mortgage loans 6,333,000 9,894,000
Net gain on available-for-sale securities 31,000 808,000
Net gain on sale of foreclosed assets 1,084,000 55,000
Net gain (loss) on sale of assets (10,000) 145,000
Interest on loan recoveries 283,000 382,000
Other 2,109,000 1,821,000
Total noninterest income 34,881,000 34,874,000
NONINTEREST EXPENSE:    
Salaries, commissions and employee benefits 34,138,000 34,931,000
Net occupancy expense 3,225,000 3,147,000
Equipment expense 2,257,000 2,164,000
FDIC insurance premiums 869,000 701,000
ATM, interchange and credit card expenses 2,968,000 2,772,000
Professional and service fees 2,225,000 2,139,000
Printing, stationery and supplies 540,000 325,000
Operational and other losses 596,000 287,000
Software amortization and expense 2,457,000 2,619,000
Amortization of intangible assets 320,000 412,000
Other 9,630,000 8,226,000
Total noninterest expense 59,225,000 57,723,000
EARNINGS BEFORE INCOME TAXES 66,313,000 67,972,000
INCOME TAX EXPENSE 10,341,000 11,054,000
NET EARNINGS $ 55,972,000 $ 56,918,000
NET EARNINGS PER SHARE, BASIC $ 0.39 $ 0.40
NET EARNINGS PER SHARE, DILUTED 0.39 0.40
DIVIDENDS PER SHARE $ 0.15 $ 0.13