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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Interest and Fees on Loans and Leases $ 136,501 $ 94,439
Income on Investment Securities    
Available-for-Sale 23,893 17,100
Held-to-Maturity 23,948 18,701
Deposits 27 4
Funds Sold 3,366 127
Other 597 202
Total Interest Income 188,332 130,573
Interest Expense    
Deposits 37,794 2,353
Securities Sold Under Agreements to Repurchase 5,377 2,772
Funds Purchased 704 2
Short-Term Borrowings 3,203  
Other Debt 5,299 183
Total Interest Expense 52,377 5,310
Net Interest Income 135,955 125,263
Provision for Credit Losses 2,000 (5,500)
Net Interest Income After Provision for Credit Losses 133,955 130,763
Noninterest Income    
Trust and Asset Management 10,690 11,276
Mortgage Banking 1,004 2,740
Service Charges on Deposit Accounts 7,737 7,272
Fees, Exchange, and Other Service Charges 13,808 12,952
Investment Securities Losses, Net (1,792) (1,545)
Annuity and Insurance 1,271 791
Bank-Owned Life Insurance 2,842 2,349
Other 5,177 7,716
Total Noninterest Income 40,737 43,551
Noninterest Expense    
Salaries and Benefits 65,088 59,924
Net Occupancy 9,872 9,826
Net Equipment 10,375 9,153
Data Processing 4,583 4,560
Professional Fees 3,883 3,258
FDIC Insurance 3,234 1,502
Other 14,884 15,651
Total Noninterest Expense 111,919 103,874
Income Before Provision for Income Taxes 62,773 70,440
Provision for Income Taxes 15,931 15,606
Net Income 46,842 54,834
Preferred Stock Dividends 1,969 1,969
Net Income Available to Common Shareholders $ 44,873 $ 52,865
Basic Earnings Per Common Share $ 1.14 $ 1.33
Diluted Earnings Per Common Share 1.14 1.32
Dividends Declared Per Common Share $ 0.70 $ 0.70
Basic Weighted Average Common Shares 39,276,833 39,752,679
Diluted Weighted Average Common Shares 39,465,889 39,956,391