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Consolidated Statements of Earnings - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME:        
Interest and fees on loans $ 77,523,000 $ 70,588,000 $ 210,180,000 $ 203,902,000
Interest on investment securities:        
Taxable 20,799,000 12,122,000 57,772,000 33,834,000
Exempt from federal income tax 12,974,000 14,249,000 41,686,000 42,058,000
Interest on federal funds sold and interest-bearing demand deposits in banks 1,432,000 239,000 2,080,000 616,000
Total interest income 112,728,000 97,198,000 311,718,000 280,410,000
INTEREST EXPENSE:        
Interest on deposits 8,788,000 1,340,000 13,123,000 4,595,000
Interest on borrowings 784,000 76,000 1,217,000 260,000
Total interest expense 9,572,000 1,416,000 14,340,000 4,855,000
Net interest income 103,156,000 95,782,000 297,378,000 275,555,000
Provision for Credit losses 3,221,000 0 13,353,000 (3,203,000)
Net interest income after provision for credit losses 99,935,000 95,782,000 284,025,000 278,758,000
NONINTEREST INCOME:        
Trust fees 10,314,000 9,484,000 29,873,000 26,475,000
Service charges on deposit accounts 6,399,000 5,673,000 18,143,000 15,394,000
Debit card fees 5,587,000 9,198,000 24,381,000 26,552,000
Credit card fees 651,000 595,000 1,953,000 1,771,000
Gain on sale and fees on mortgage loans 4,070,000 8,788,000 16,131,000 26,973,000
Net gain on sale of available-for-sale securities 334,000 1,000 2,013,000 814,000
Net gain on sale of foreclosed assets 349,000 27,000 1,451,000 83,000
Net gain (loss) on sale of other assets 526,000 (6,000) 522,000 213,000
Interest on loan recoveries 664,000 1,746,000 2,596,000 2,832,000
Other 2,049,000 2,220,000 6,078,000 6,166,000
Total noninterest income 30,943,000 37,726,000 103,141,000 107,273,000
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 33,892,000 37,090,000 101,177,000 107,067,000
Net occupancy expense 3,440,000 3,288,000 9,957,000 9,676,000
Equipment expense 2,396,000 2,450,000 6,999,000 6,791,000
FDIC insurance premiums 917,000 815,000 2,690,000 2,282,000
Debit card expense 3,013,000 2,929,000 9,177,000 8,736,000
Professional and service fees 2,219,000 2,406,000 6,635,000 6,936,000
Printing, stationery and supplies 600,000 432,000 1,641,000 1,246,000
Operational and other losses 869,000 1,087,000 2,247,000 1,908,000
Software amortization and expense 2,564,000 2,855,000 7,543,000 8,303,000
Amortization of intangible assets 306,000 398,000 946,000 1,222,000
Other 9,226,000 9,189,000 27,988,000 25,869,000
Total noninterest expense 59,442,000 62,939,000 177,000,000 180,036,000
EARNINGS BEFORE INCOME TAXES 71,436,000 70,569,000 210,166,000 205,995,000
INCOME TAX EXPENSE 12,095,000 11,641,000 34,359,000 33,770,000
NET EARNINGS $ 59,341,000 $ 58,928,000 $ 175,807,000 $ 172,225,000
NET EARNINGS PER SHARE, BASIC $ 0.42 $ 0.41 $ 1.23 $ 1.21
NET EARNINGS PER SHARE, DILUTED 0.41 0.41 1.23 1.20
DIVIDENDS PER SHARE $ 0.17 $ 0.15 $ 0.49 $ 0.43