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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest, fee and dividend income        
Interest and fees on loans $ 106,935 $ 78,539 $ 207,834 $ 151,882
Securities available for sale 7,493 7,317 15,109 14,157
Securities held to maturity 4,991 4,185 10,026 7,678
Other 1,170 1,442 1,812 1,967
Total interest, fee and dividend income 120,589 91,483 234,781 175,684
Interest expense        
Deposits 19,986 1,756 31,130 3,598
Short-term borrowings 8,126 13 13,045 29
Long-term debt 290 33 337 120
Subordinated debt 1,335 1,359 2,669 2,718
Junior subordinated debt 1,767 737 3,449 1,286
Total interest expense 31,504 3,898 50,630 7,751
Net interest income 89,085 87,585 184,151 167,933
Provision for loan losses 3,606 4,390 7,515 4,986
Net interest income after provision for loan losses 85,479 83,195 176,636 162,947
Noninterest income        
Service charges on deposit accounts 3,733 3,763 7,281 7,451
Card services income 5,121 9,751 9,966 18,446
Retirement plan administration fees 11,735 12,676 23,197 25,955
Wealth management 8,227 8,252 16,314 16,892
Insurance services 3,716 3,578 7,647 7,366
Bank owned life insurance income 1,528 1,411 3,406 3,065
Net securities (losses) (4,641) (587) (9,639) (766)
Other 2,626 2,812 5,282 5,906
Total noninterest income 32,045 41,656 63,454 84,315
Noninterest expense        
Salaries and employee benefits 46,834 46,716 94,989 92,224
Technology and data services 9,305 8,945 18,312 17,492
Occupancy 6,923 6,487 14,143 13,280
Professional fees and outside services 4,159 3,906 8,337 8,182
Office supplies and postage 1,676 1,548 3,304 2,972
FDIC assessment 1,344 810 2,740 1,612
Advertising 525 730 1,174 1,384
Amortization of intangible assets 458 545 994 1,181
Loan collection and other real estate owned, net 691 757 1,546 1,141
Acquisition expenses 1,189 0 1,807 0
Other 5,690 5,675 10,770 8,794
Total noninterest expense 78,794 76,119 158,116 148,262
Income before income tax expense 38,730 48,732 81,974 99,000
Income tax expense 8,658 10,957 18,244 22,099
Net income $ 30,072 $ 37,775 $ 63,730 $ 76,901
Earnings per share        
Basic (in dollars per share) $ 0.7 $ 0.88 $ 1.49 $ 1.79
Diluted (in dollars per share) $ 0.7 $ 0.88 $ 1.48 $ 1.78