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Consolidated Statements of Earnings - USD ($)
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 $ 68,158,000 $ 66,879,000 $ 132,656,000 $ 133,314,000
Interest on investment securities:        
Taxable 19,151,000 11,449,000 36,974,000 21,712,000
Exempt from federal income tax 14,120,000 14,060,000 28,712,000 27,809,000
Interest on federal funds sold and interest-bearing demand deposits in banks 552,000 214,000 648,000 377,000
Total interest income 101,981,000 92,602,000 198,990,000 183,212,000
INTEREST EXPENSE:        
Interest on deposits 2,966,000 1,560,000 4,336,000 3,255,000
Other 233,000 93,000 433,000 184,000
Total interest expense 3,199,000 1,653,000 4,769,000 3,439,000
Net interest income 98,782,000 90,949,000 194,221,000 179,773,000
Provision for Credit losses 5,350,000 (1,206,000) 10,132,000 (3,203,000)
Net interest income after provision for credit losses 93,432,000 92,155,000 184,089,000 182,976,000
NONINTEREST INCOME:        
Trust fees 9,742,000 8,692,000 19,559,000 16,991,000
Service charges on deposit accounts 6,038,000 4,928,000 11,744,000 9,721,000
ATM, interchange and credit card fees 10,568,000 9,853,000 20,096,000 18,530,000
Gain on sale and fees on mortgage loans 5,728,000 8,291,000 12,061,000 18,185,000
Net gain on sale of available-for-sale securities 1,648,000 5,000 1,679,000 813,000
Net gain on sale of foreclosed assets 18,000 1,000 1,102,000 56,000
Net gain (loss) on sale of other assets 6,000 74,000 (4,000) 219,000
Interest on loan recoveries 1,649,000 704,000 1,932,000 1,086,000
Other 1,920,000 2,125,000 4,029,000 3,947,000
Total noninterest income 37,317,000 34,673,000 72,198,000 69,548,000
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 33,147,000 35,046,000 67,285,000 69,977,000
Net occupancy expense 3,292,000 3,241,000 6,517,000 6,388,000
Equipment expense 2,346,000 2,177,000 4,603,000 4,341,000
FDIC insurance premiums 904,000 766,000 1,773,000 1,467,000
ATM, interchange and credit card expenses 3,201,000 3,039,000 6,169,000 5,811,000
Professional and service fees 2,191,000 2,392,000 4,415,000 4,531,000
Printing, stationery and supplies 501,000 489,000 1,041,000 814,000
Operational and other losses 782,000 534,000 1,378,000 821,000
Software amortization and expense 2,522,000 2,829,000 4,979,000 5,448,000
Amortization of intangible assets 320,000 412,000 640,000 824,000
Other 9,127,000 8,449,000 18,758,000 16,676,000
Total noninterest expense 58,333,000 59,374,000 117,558,000 117,098,000
EARNINGS BEFORE INCOME TAXES 72,416,000 67,454,000 138,729,000 135,426,000
INCOME TAX EXPENSE 11,922,000 11,075,000 22,263,000 22,129,000
NET EARNINGS $ 60,494,000 $ 56,379,000 $ 116,466,000 $ 113,297,000
NET EARNINGS PER SHARE, BASIC $ 0.42 $ 0.40 $ 0.82 $ 0.80
NET EARNINGS PER SHARE, DILUTED 0.42 0.39 0.81 0.79
DIVIDENDS PER SHARE $ 0.17 $ 0.15 $ 0.32 $ 0.28