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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Interest and fees on loans $ 107,668 $ 64,394
Interest and dividends on investments:    
Taxable interest 5,789 6,478
Interest exempt from federal income taxes 117 126
Dividends 505 135
Interest on bank deposits 510 111
Total interest income 114,589 71,244
Interest Expense    
Interest on deposits 15,518 813
Interest on short-term borrowings 2,401 21
Interest on subordinated debentures 2,214 2,129
Interest on other long-term debt 45 52
Interest on lease obligations 53 57
Total interest expense 20,231 3,072
Net Interest Income 94,358 68,172
Provision for credit losses - portfolio (2,650) 1,964
Provision for credit losses - acquisition day 1 non-PCD 10,653 0
Net Interest Income after Provision for Credit Losses 86,355 66,208
Noninterest Income    
Net securities gains 0 2
Trust income 2,486 2,713
Service charges on deposit accounts 4,918 4,615
Insurance and retail brokerage commissions 2,552 2,272
Income from bank owned life insurance 1,227 1,508
Gain on sale of mortgage loans 652 1,282
Gain on sale of other loans and assets 2,086 2,319
Card-related interchange income 6,829 6,490
Derivatives mark to market (89) 347
Swap fee income 245 453
Other income 2,057 1,975
Total noninterest income 22,963 23,976
Noninterest Expense    
Salaries and employee benefits 34,264 30,932
Net occupancy expense 5,018 4,787
Furniture and equipment expense 4,238 3,730
Data processing expense 3,404 3,188
Advertising and promotion 1,663 1,226
Intangible amortization 1,252 1,005
Intangible amortization 1,147 862
Other professional fees and services 1,591 1,221
FDIC insurance 1,417 698
Loss on sale or write-down of assets 41 75
Litigation and operational losses 743 600
Merger and acquisition related 8,541 0
Other Noninterest Expense 8,062 7,400
Total noninterest expense 71,381 55,724
Income Before Income Taxes 37,937 34,460
Income tax provision 7,713 6,734
Net Income $ 30,224 $ 27,726
Average Shares Outstanding (in shares) 99,560,831 94,078,699
Average Shares Outstanding Assuming Dilution (in shares) 99,779,816 94,311,324
Per Share Data:    
Basic Earnings per Share (in dollars per share) $ 0.30 $ 0.29
Diluted Earnings per Share (in dollars per share) 0.30 0.29
Cash Dividends Declared per Common Share (in dollars per share) $ 0.120 $ 0.115