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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Interest and fees on loans $ 170,926 $ 129,625
Interest Income, Securities, Operating, Taxable 15,309 10,043
Nontaxable interest and dividends on securities 1 1
Interest on loans held for sale 34 64
Interest on federal funds sold and short-term investments 665 886
Total interest and dividend income 186,935 140,619
Interest expense    
Interest on deposits 22,675 2,107
Interest on borrowings 5,262 1,080
Total interest expense 27,937 3,187
Net interest income 158,998 137,432
Provision for (release of) credit losses 7,250 (2,000)
Net interest income after provision for credit losses 151,748 139,432
Noninterest income    
Deposit account fees 5,916 5,493
Interchange and ATM fees 4,184 3,609
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 9,779 8,673
Mortgage banking income 308 1,362
Bank Owned Life Insurance Income 1,854 1,795
Gain Realized on Life Insurance Policies (11) 0
Loan level derivative income 408 604
Other noninterest income 5,782 4,736
Total noninterest income 28,242 26,272
Noninterest expenses    
Salaries and employee benefits 56,975 48,711
Occupancy and equipment expenses 12,822 13,302
Data processing & facilities management 2,527 2,372
Business Combination, Acquisition Related Costs 0 7,100
Software Maintenance 2,949 2,564
Amortization of Intangible Assets 1,815 2,001
FDIC assessment 2,610 1,805
Debit card expense 2,171 1,765
Professional Fees 2,077 1,750
Other noninterest expenses 14,715 14,130
Total noninterest expenses 98,661 95,500
Income before income taxes 81,329 70,204
Current Federal, State and Local, Tax Expense (Benefit) 20,082 17,107
Net income $ 61,247 $ 53,097
Basic earnings per share (in dollars per share) $ 1.36 $ 1.12
Diluted earnings per share (in dollars per share) $ 1.36 $ 1.12
Weighted average common shares (basic) (in shares) 45,004,100 47,366,753
Common shares equivalents (in shares) 19,564 20,711
Weighted average common shares (diluted) (in shares) 45,023,664 47,387,464
Retained Earnings [Member]    
Noninterest expenses    
Net income $ 61,247 $ 53,097
Cash dividends declared per common share (in dollars per share) $ 0.55 $ 0.51