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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans $ 125,175 $ 105,004 $ 332,862 $ 333,334
Securities        
Taxable 12,636 6,749 32,137 17,285
Tax-exempt 1,864 1,667 5,669 5,025
Other 3,458 593 6,076 1,122
Total interest income 143,133 114,013 376,744 356,766
Interest expense        
Deposits 7,241 6,972 17,896 22,920
Borrowings 5,574 3,749 15,386 11,327
Total interest expense 12,815 10,721 33,282 34,247
Net interest income 130,318 103,292 343,462 322,519
Provision for (recovery of provision for) credit losses on loans 9,800 (1,200) 13,300 (1,200)
Provision for (recovery of provision for) credit losses 9,800 (1,200) 13,300 (1,200)
Net interest income after provision for credit losses 120,518 104,492 330,162 323,719
Noninterest income        
Service charges on deposit accounts 10,216 9,337 29,512 26,818
Fees and commissions 4,148 3,837 12,798 11,847
Insurance commissions 3,108 2,829 8,253 7,488
Wealth management revenue 5,467 5,371 17,102 15,182
Mortgage banking income 12,675 23,292 30,624 94,878
Net gain on sales of securities 0 764 0 2,121
BOLI income 2,296 1,602 6,780 5,318
Other 3,276 3,723 10,789 15,750
Total noninterest income 41,186 50,755 115,858 179,402
Noninterest expense        
Salaries and employee benefits 66,463 69,115 194,282 218,104
Data processing 3,526 5,277 11,379 16,380
Net occupancy and equipment 11,266 11,748 33,697 35,660
Other real estate owned 34 168 (394) 313
Professional fees 3,087 2,972 9,016 8,566
Advertising and public relations 3,229 2,922 10,694 9,274
Intangible amortization 1,251 1,481 3,927 4,618
Communications 1,999 2,198 5,930 6,781
Merger and conversion related expenses 0 0 687 0
Restructuring charges 0 0 732 307
Other 10,719 8,118 23,923 28,708
Total noninterest expense 101,574 103,999 293,873 328,711
Income (loss) before income taxes 60,130 51,248 152,147 174,410
Income taxes 13,563 11,185 32,355 35,572
Net income (loss) $ 46,567 $ 40,063 $ 119,792 $ 138,838
Basic earnings per share (usd per share) $ 0.83 $ 0.71 $ 2.14 $ 2.47
Diluted earnings per share (usd per share) 0.83 0.71 2.13 2.46
Cash dividends per common share (usd per share) $ 0.22 $ 0.22 $ 0.66 $ 0.66