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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 314,866 $ 270,460 $ 300,960
Investment securities:      
Taxable 23,743 15,706 14,918
Tax-exempt 1,579 2,593 3,497
Dividends 563 503 1,089
Total Interest and Dividend Income 340,751 289,262 320,464
INTEREST EXPENSE      
Deposits 19,907 10,757 35,986
Borrowings, junior subordinated debt securities and other 5,061 2,393 5,090
Total Interest Expense 24,968 13,150 41,076
NET INTEREST INCOME 315,783 276,112 279,388
Provision for credit losses 8,366 16,215 131,424
Net Interest Income After Provision for Credit Losses 307,417 259,897 147,964
NONINTEREST INCOME      
Net gain on sale of securities 198 29 142
Mortgage banking 2,215 9,734 10,923
Other 7,292 9,052 10,034
Total Noninterest Income 58,259 64,696 59,746
NONINTEREST EXPENSE      
Salaries and employee benefits 103,221 100,214 90,115
Data processing and information technology 16,918 16,681 15,499
Occupancy 14,812 14,544 14,529
Furniture, equipment and software 11,606 10,684 11,050
Professional services and legal 8,318 6,368 6,394
Other taxes 6,620 6,644 6,622
Marketing 5,600 4,553 5,996
FDIC insurance 2,854 4,224 5,089
Merger related expenses 0 0 2,342
Other 26,797 25,013 29,035
Total Noninterest Expense 196,746 188,925 186,671
Income Before Taxes 168,930 135,668 21,039
Income tax expense (benefit) 33,410 25,325 (1)
Net Income $ 135,520 $ 110,343 $ 21,040
Earnings per common share—basic (in dollars per share) $ 3.47 $ 2.81 $ 0.54
Earnings per common share—diluted (in dollars per share) 3.46 2.81 0.53
Dividends declared per common share (in dollars per share) $ 1.20 $ 1.13 $ 1.12
Debit and credit card      
NONINTEREST INCOME      
Revenue from contract with customer $ 19,008 $ 17,952 $ 15,093
Service charges on deposit accounts      
NONINTEREST INCOME      
Revenue from contract with customer 16,829 15,040 13,597
Wealth management      
NONINTEREST INCOME      
Revenue from contract with customer $ 12,717 $ 12,889 $ 9,957