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Consolidated Statements of Earnings - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME:    
Interest and fees on loans $ 89,009,000 $ 64,499,000
Interest on investment securities:    
Taxable 20,782,000 17,823,000
Exempt from federal income tax 10,067,000 14,593,000
Interest on federal funds sold and interest-bearing demand deposits in banks 1,650,000 94,000
Total interest income 121,508,000 97,009,000
INTEREST EXPENSE:    
Interest on deposits 21,812,000 1,370,000
Interest on borrowings 3,410,000 200,000
Total interest expense 25,222,000 1,570,000
Net interest income 96,286,000 95,439,000
PROVISION FOR CREDIT LOSSES 2,781,000 4,782,000
Net interest income after provision for credit losses 93,505,000 90,657,000
NONINTEREST INCOME:    
Trust fees 9,845,000 9,817,000
Service charges on deposit accounts 6,036,000 5,706,000
Debit card fees 4,936,000 8,926,000
Credit card fees 609,000 602,000
Gain on sale and fees on mortgage loans 2,974,000 6,333,000
Net gain on sale of available-for-sale securities 12,000 31,000
Net gain on sale of foreclosed assets 34,000 1,084,000
Net gain (loss) on sale of other assets 930,000 (10,000)
Interest on loan recoveries 346,000 283,000
Other 2,285,000 2,109,000
Total noninterest income 28,007,000 34,881,000
NONINTEREST EXPENSE:    
Salaries, commissions and employee benefits 31,461,000 34,138,000
Net occupancy expense 3,430,000 3,225,000
Equipment expense 2,127,000 2,257,000
FDIC insurance premiums 1,654,000 869,000
Debit card expense 3,199,000 2,964,000
Professional and service fees 2,365,000 2,225,000
Printing, stationery and supplies 710,000 540,000
Operational and other losses 931,000 596,000
Software amortization and expense 2,311,000 2,457,000
Amortization of intangible assets 228,000 320,000
Other 8,840,000 9,634,000
Total noninterest expense 57,256,000 59,225,000
EARNINGS BEFORE INCOME TAXES 64,256,000 66,313,000
INCOME TAX EXPENSE 11,688,000 10,341,000
NET EARNINGS $ 52,568,000 $ 55,972,000
NET EARNINGS PER SHARE, BASIC $ 0.37 $ 0.39
NET EARNINGS PER SHARE, DILUTED 0.37 0.39
DIVIDENDS PER SHARE $ 0.17 $ 0.15