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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME      
Interest and fees on loans $ 139,057 $ 116,644 $ 123,159
Interest on securities      
Taxable 20,676 14,488 12,655
Tax-exempt 8,391 6,102 2,926
Other investments 884 846 1,089
Total Interest Income 169,008 138,080 139,829
INTEREST EXPENSE      
Deposits 14,151 4,465 12,666
Other borrowings and subordinated debt and debentures 5,296 3,850 3,551
Total Interest Expense 19,447 8,315 16,217
Net Interest Income 149,561 129,765 123,612
Provision for credit losses 5,341 [1] (1,928) [2] 12,463 [2]
Net Interest Income After Provision for Credit Losses 144,220 131,693 111,149
NON-INTEREST INCOME      
Interchange income 13,955 14,045 11,230
Service charges on deposit accounts 12,288 10,170 8,517
Net gains (losses) on assets      
Mortgage loans 6,431 35,880 62,560
Securities available for sale (275) 1,411 267
Mortgage loan servicing, net 18,773 5,745 (9,350)
Other 10,737 9,392 7,521
Total Non-interest Income 61,909 76,643 80,745
NON-INTEREST EXPENSE      
Compensation and employee benefits 81,007 79,969 74,781
Data processing 10,183 10,823 8,534
Occupancy, net 8,907 8,794 8,938
Interchange expense 4,242 4,434 3,342
Furniture, fixtures and equipment 4,007 4,172 4,089
Communications 2,871 3,080 3,194
Loan and collection 2,657 3,172 3,037
FDIC deposit insurance 2,142 1,396 1,596
Legal and professional 2,133 2,068 2,027
Advertising 2,074 1,918 2,230
Costs related to unfunded lending commitments 599 1,207 263
Conversion related expense 50 1,827 2,586
Other 7,469 8,163 7,796
Total Non-interest Expense 128,341 131,023 122,413
Income Before Income Tax 77,788 77,313 69,481
Income tax expense 14,437 14,418 13,329
Net Income $ 63,351 $ 62,895 $ 56,152
Net income per common share      
Basic (in dollars per share) $ 3.00 $ 2.91 $ 2.56
Diluted (in dollars per share) $ 2.97 $ 2.88 $ 2.53
[1] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.