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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Interest and fees on loans $ 64,202 $ 51,073
Interest on investment securities:    
Taxable interest income 13,210 5,913
Tax-exempt interest income 1,048 323
Other, principally overnight investments 649 700
Total interest income 79,109 58,009
INTEREST EXPENSE    
Savings, checking and money market accounts 1,185 1,314
Time deposits of $100,000 or more 430 858
Other time deposits 156 216
Borrowings 460 383
Total interest expense 2,231 2,771
Net interest income 76,878 55,238
Provision for credit losses 3,500 0
Reversal of provision for unfunded commitments (1,500) 0
Total provision for credit losses 2,000 0
Net interest income after provision for credit losses 74,878 55,238
NONINTEREST INCOME    
Service charges on deposit accounts 3,541 2,733
Other service charges, commissions and fees 7,005 5,522
Fees from presold mortgage loans 1,121 4,544
Commissions from sales of insurance and financial products 945 2,190
SBA consulting fees 780 2,764
SBA loan sale gains 3,261 2,330
Bank-owned life insurance income 976 620
Other gains (losses), net 1,622 (34)
Total noninterest income 19,251 20,669
NONINTEREST EXPENSES    
Salaries expense 23,454 20,131
Employee benefits expense 5,578 4,574
Total personnel expense 29,032 24,705
Occupancy expense 3,384 2,904
Equipment related expenses 1,304 1,045
Merger and acquisition expenses 3,484 0
Intangibles amortization expense 1,017 897
Foreclosed property (gains) losses, net (80) 157
Other operating expenses 13,324 10,357
Total noninterest expenses 51,465 40,065
Income before income taxes 42,664 35,842
Income tax expense 8,695 7,648
Net income $ 33,969 $ 28,194
Earnings per common share:    
Basic (in dollars per share) $ 0.95 $ 0.99
Diluted (in dollars per share) 0.95 0.99
Dividends declared per common share (in dollars per share) $ 0.22 $ 0.20
Weighted average common shares outstanding:    
Basic (in shares) 35,433,739 28,357,809
Diluted (in shares) 35,640,978 28,537,853