XML 21 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME      
Interest and fees on loans $ 116,644 $ 123,159 $ 133,883
Interest on securities available for sale      
Taxable 14,488 12,655 11,842
Tax-exempt 6,102 2,926 1,342
Other investments 846 1,089 1,861
Total Interest Income 138,080 139,829 148,928
INTEREST EXPENSE      
Deposits 4,465 12,666 23,425
Other borrowings and subordinated debt and debentures 3,850 3,551 2,922
Total Interest Expense 8,315 16,217 26,347
Net Interest Income 129,765 123,612 122,581
Provision for credit losses [1] (1,928)    
Provision for credit losses [1]   12,463 824
Net Interest Income After Provision for Credit Losses 131,693 111,149 121,757
NON-INTEREST INCOME      
Interchange income 14,045 11,230 10,297
Service charges on deposit accounts 10,170 8,517 11,208
Net gains on assets      
Mortgage loans 35,880 62,560 19,978
Securities available for sale 1,411 267 307
Mortgage loan servicing, net 5,745 (9,350) (3,336)
Other 9,392 7,521 9,282
Total Non-Interest Income 76,643 80,745 47,736
NON-INTEREST EXPENSE      
Compensation and employee benefits 79,969 74,781 67,501
Data processing 10,823 8,534 8,905
Occupancy, net 8,794 8,938 9,013
Interchange expense 4,434 3,342 3,215
Furniture, fixtures and equipment 4,172 4,089 4,113
Loan and collection 3,172 3,037 2,685
Communications 3,080 3,194 2,947
Legal and professional 2,068 2,027 1,814
Advertising 1,918 2,230 2,450
Conversion related expense 1,827 2,586 0
FDIC deposit insurance 1,396 1,596 685
Costs related to unfunded lending commitments 1,207 263 246
Other 8,163 7,796 8,159
Total Non-interest Expense 131,023 122,413 111,733
Income Before Income Tax 77,313 69,481 57,760
Income tax expense 14,418 13,329 11,325
Net Income $ 62,895 $ 56,152 $ 46,435
Net income per common share      
Basic (in dollars per share) [2] $ 2.91 $ 2.56 $ 2.03
Diluted (in dollars per share) $ 2.88 $ 2.53 $ 2.00
[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] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.