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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans $ 108,995 $ 113,325 $ 207,687 $ 228,330
Securities        
Taxable 10,567 5,619 19,501 10,536
Tax-exempt 1,904 1,702 3,805 3,359
Other 1,954 345 2,618 528
Total interest income 123,420 120,991 233,611 242,753
Interest expense        
Deposits 5,018 7,669 10,655 15,949
Borrowings 4,887 3,743 9,812 7,577
Total interest expense 9,905 11,412 20,467 23,526
Net interest income 113,515 109,579 213,144 219,227
Provision for credit losses on loans 2,000 0 3,500 0
Provision for credit losses 2,000 0 3,500 0
Net interest income after provision for credit losses 111,515 109,579 209,644 219,227
Noninterest income        
Service charges on deposit accounts 9,734 9,458 19,296 17,481
Fees and commissions 4,668 4,110 8,650 8,010
Insurance commissions 2,591 2,422 5,145 4,659
Wealth management revenue 5,711 5,019 11,635 9,811
Mortgage banking income 8,316 20,853 17,949 71,586
Net gain on sales of securities 0 0 0 1,357
BOLI income 2,331 1,644 4,484 3,716
Other 3,863 4,104 7,513 12,027
Total noninterest income 37,214 47,610 74,672 128,647
Noninterest expense        
Salaries and employee benefits 65,580 70,293 127,819 148,989
Data processing 3,590 5,652 7,853 11,103
Net occupancy and equipment 11,155 11,374 22,431 23,912
Other real estate owned (187) 104 (428) 145
Professional fees 2,778 2,674 5,929 5,595
Advertising and public relations 3,406 3,100 7,465 6,352
Intangible amortization 1,310 1,539 2,676 3,137
Communications 1,904 2,291 3,931 4,583
Merger and conversion related expenses 0 0 687 0
Restructuring charges 1,187 15 732 307
Other 7,471 11,735 13,204 20,589
Total noninterest expense 98,194 108,777 192,299 224,712
Income (loss) before income taxes 50,535 48,412 92,017 123,162
Income taxes 10,857 7,545 18,792 24,387
Net income (loss) $ 39,678 $ 40,867 $ 73,225 $ 98,775
Basic earnings per share (usd per share) $ 0.71 $ 0.73 $ 1.31 $ 1.75
Diluted earnings per share (usd per share) 0.71 0.72 1.30 1.75
Cash dividends per common share (usd per share) $ 0.22 $ 0.22 $ 0.44 $ 0.44