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Consolidated Statements of Comprehensive 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, including fees $ 87,078 $ 80,249 $ 238,758 $ 240,358
Debt securities:        
Taxable 6,793 1,484 15,716 4,779
Tax-exempt 22 35 71 175
Federal funds sold 24   30 0
Interest-bearing deposits with banks 20,095 1,441 29,452 2,861
Total interest income 114,012 83,209 284,027 248,173
INTEREST EXPENSE        
Deposits 11,999 1,988 17,566 6,313
Short-term borrowings 36 0 49 1
Subordinated debt 1,030 1,031 3,091 2,100
Total interest expense 13,065 3,019 20,706 8,414
Net interest income 100,947 80,190 263,321 239,759
Provision for (benefit from) credit losses 2,863 1,483 6,300 (8,466)
Net interest income after provision for (benefit from) credit losses 98,084 78,707 257,021 248,225
NONINTEREST INCOME        
Securities transactions (includes accumulated other comprehensive loss reclassifications of $0, $0, $1,536 and $0, respectively) 966 150 (2,949) 417
Income from sales of loans 969 1,594 3,891 5,737
Insurance commissions 7,498 6,666 20,227 17,670
Cash management 5,624 3,127 13,202 9,198
Gain on sale of other assets 53 34 216 2,746
Other 7,935 3,299 24,258 17,665
Total noninterest income 49,331 39,786 135,579 124,339
NONINTEREST EXPENSE        
Salaries and employee benefits 47,741 42,267 136,957 123,836
Occupancy, net 4,930 5,086 14,067 13,962
Depreciation 4,612 4,207 14,034 12,217
Amortization of intangible assets 880 755 2,568 2,357
Data processing services 1,876 1,734 5,656 5,072
Net (income) expense from other real estate owned 2,392 1,810 3,676 6,677
Marketing and business promotion 1,945 1,796 5,609 5,323
Deposit insurance 1,202 846 3,526 2,488
Other 13,500 11,713 39,214 37,268
Total noninterest expense 79,078 70,214 225,307 209,200
Income before taxes 68,337 48,279 167,293 163,364
Income tax expense 12,985 9,529 31,319 33,902
Net income $ 55,352 $ 38,750 $ 135,974 $ 129,462
NET INCOME PER COMMON SHARE        
Basic $ 1.69 $ 1.18 $ 4.15 $ 3.95
Diluted $ 1.65 $ 1.16 $ 4.07 $ 3.88
OTHER COMPREHENSIVE (LOSS) GAIN        
Unrealized losses on debt securities, net of tax of $11,033, $172, $26,492 and $980, respectively $ (35,752) $ (552) $ (85,557) $ (2,565)
Reclassification adjustment for losses included in net income, net of tax of $0, $0, $(369) and $0, respectively     1,167  
Other comprehensive loss, net of tax of $11,033, $172, $26,123 and $980, respectively (35,752) (552) (84,390) (2,565)
Comprehensive income 19,600 38,198 51,584 126,897
Trust Revenue [Member]        
NONINTEREST INCOME        
Revenue 4,125 3,210 11,580 9,576
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Revenue $ 22,161 $ 21,706 $ 65,154 $ 61,330