XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME:        
Interest and fees on loans $ 98,067,000 $ 68,158,000 $ 187,076,000 $ 132,656,000
Interest on investment securities:        
Taxable 20,033,000 19,151,000 40,815,000 36,974,000
Exempt from federal income tax 9,321,000 14,120,000 19,388,000 28,712,000
Interest on federal funds sold and interest-bearing demand deposits in banks 1,584,000 552,000 3,234,000 648,000
Total interest income 129,005,000 101,981,000 250,513,000 198,990,000
INTEREST EXPENSE:        
Interest on deposits 27,629,000 2,966,000 49,441,000 4,336,000
Interest on borrowings 5,510,000 233,000 8,920,000 433,000
Total interest expense 33,139,000 3,199,000 58,361,000 4,769,000
Net interest income 95,866,000 98,782,000 192,152,000 194,221,000
PROVISION FOR CREDIT LOSSES 5,573,000 5,350,000 8,354,000 10,132,000
Net interest income after provision for credit losses 90,293,000 93,432,000 183,798,000 184,089,000
NONINTEREST INCOME:        
Trust fees 9,883,000 9,742,000 19,728,000 19,559,000
Service charges on deposit accounts 6,310,000 6,038,000 12,346,000 11,744,000
Debit card fees 6,720,000 9,868,000 11,656,000 18,795,000
Credit card fees 711,000 700,000 1,320,000 1,301,000
Gain on sale and fees on mortgage loans 3,534,000 5,728,000 6,508,000 12,061,000
Net gain on sale of available-for-sale securities 46,000 1,648,000 58,000 1,679,000
Net gain (loss) on sale of foreclosed assets (1,000) 18,000 33,000 1,102,000
Net gain (loss) on sale of other assets 0 6,000 930,000 (4,000)
Interest on loan recoveries 475,000 1,649,000 821,000 1,932,000
Other 2,269,000 1,920,000 4,554,000 4,029,000
Total noninterest income 29,947,000 37,317,000 57,954,000 72,198,000
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 31,766,000 33,147,000 63,227,000 67,285,000
Net occupancy expense 3,423,000 3,292,000 6,853,000 6,517,000
Equipment expense 2,198,000 2,346,000 4,325,000 4,603,000
FDIC insurance premiums 1,417,000 904,000 3,071,000 1,773,000
Debit card expense 3,221,000 3,200,000 6,420,000 6,164,000
Professional and service fees 2,397,000 2,191,000 4,762,000 4,415,000
Printing, stationery and supplies 740,000 501,000 1,450,000 1,041,000
Operational and other losses 856,000 782,000 1,787,000 1,378,000
Software amortization and expense 2,519,000 2,522,000 4,830,000 4,979,000
Amortization of intangible assets 228,000 320,000 456,000 640,000
Other 8,848,000 9,128,000 17,688,000 18,763,000
Total noninterest expense 57,613,000 58,333,000 114,869,000 117,558,000
EARNINGS BEFORE INCOME TAXES 62,627,000 72,416,000 126,883,000 138,729,000
INCOME TAX EXPENSE 11,754,000 11,922,000 23,442,000 22,263,000
NET EARNINGS $ 50,873,000 $ 60,494,000 $ 103,441,000 $ 116,466,000
NET EARNINGS PER SHARE, BASIC $ 0.36 $ 0.42 $ 0.72 $ 0.82
NET EARNINGS PER SHARE, DILUTED 0.36 0.42 0.72 0.81
DIVIDENDS PER SHARE $ 0.18 $ 0.17 $ 0.35 $ 0.32