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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Loans receivable:    
Taxable $ 79,075 $ 85,105
Tax exempt 5,704 5,339
Investment securities:    
Taxable 8,510 6,695
Tax exempt 15,875 12,385
Deposits with financial institutions 230 114
Federal Home Loan Bank stock 146 178
Total Interest Income 109,540 109,816
INTEREST EXPENSE    
Deposits 4,294 6,200
Federal funds purchased 0 2
Securities sold under repurchase agreements 89 87
Federal Home Loan Bank advances 1,218 1,442
Subordinated debentures and other borrowings 1,659 1,657
Total Interest Expense 7,260 9,388
NET INTEREST INCOME 102,280 100,428
Provision for credit losses - loans 0 0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 102,280 100,428
OTHER INCOME    
Net gains and fees on sales of loans 2,199 3,986
Increase in cash surrender value of life insurance 1,176 1,189
Gains on life insurance benefits 520 147
Net realized gains on sales of available for sale securities 566 1,799
Other income 634 232
Total Other Income 25,897 24,091
OTHER EXPENSES    
Salaries and employee benefits 42,519 38,811
Net occupancy 6,187 6,491
Equipment 5,080 5,030
Marketing 736 1,124
Outside data processing fees 4,363 4,244
Printing and office supplies 345 283
Intangible asset amortization 1,366 1,357
FDIC assessments 2,192 1,368
Other real estate owned and foreclosure expenses 564 734
Professional and other outside services 2,953 2,543
Other expenses 6,020 4,113
Total Other Expenses 72,325 66,098
INCOME BEFORE INCOME TAX 55,852 58,421
Income tax expense 7,266 8,952
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 48,586 $ 49,469
Per Share Data:    
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.91 $ 0.92
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.91 0.91
Cash Dividends Paid (in dollars per share) $ 0.29 $ 0.26
Average Diluted Shares Outstanding (in shares) 53,615,868 54,133,622
Service charges on deposit accounts    
OTHER INCOME    
Other income $ 6,419 $ 5,264
Fiduciary and wealth management fees    
OTHER INCOME    
Other income 7,332 6,422
Card payment fees    
OTHER INCOME    
Other income 5,723 4,367
Derivative hedge fees    
OTHER INCOME    
Other income 918 317
Other customer fees    
OTHER INCOME    
Other income $ 410 $ 368