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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans $ 129,625 $ 92,383
Interest Income, Securities, Operating, Taxable 10,043 6,627
Nontaxable interest and dividends on securities 1 5
Interest on loans held for sale 64 296
Interest on federal funds sold and short-term investments 886 326
Total interest and dividend income 140,619 99,637
Interest expense    
Interest on deposits 2,107 2,711
Interest on borrowings 1,080 1,342
Total interest expense 3,187 4,053
Net interest income 137,432 95,584
(Release of) provision for credit losses (2,000) (2,500)
Net interest income after provision for credit losses 139,432 98,084
Noninterest income    
Deposit account fees 5,493 3,584
Interchange and ATM fees 3,609 2,720
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 8,673 8,304
Mortgage banking income 1,362 5,740
Bank Owned Life Insurance Income 1,795 1,323
Gain Realized on Life Insurance Policies 0 (258)
Loan level derivative income 604 173
Other noninterest income 4,736 3,144
Total noninterest income 26,272 25,246
Noninterest expenses    
Salaries and employee benefits 48,711 39,889
Occupancy and equipment expenses 13,302 9,273
Data processing & facilities management 2,372 1,665
Business Combination, Acquisition Related Costs 7,100 0
Software Maintenance 2,564 1,970
Amortization of Intangible Assets 2,001 1,413
FDIC assessment 1,805 1,050
Debit card expense 1,765 1,181
Professional Fees 1,750 2,391
Other noninterest expenses 14,130 10,850
Total noninterest expenses 95,500 69,682
Income before income taxes 70,204 53,648
Current Federal, State and Local, Tax Expense (Benefit) 17,107 11,937
Net income $ 53,097 $ 41,711
Basic earnings per share (in dollars per share) $ 1.12 $ 1.26
Diluted earnings per share (in dollars per share) $ 1.12 $ 1.26
Weighted average common shares (basic) (in shares) 47,366,753 32,995,332
Common shares equivalents (in shares) 20,711 30,098
Weighted average common shares (diluted) (in shares) 47,387,464 33,025,430
Retained Earnings [Member]    
Noninterest expenses    
Net income $ 53,097 $ 41,711
Cash dividends declared per common share (in dollars per share) $ 0.51 $ 0.48