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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME        
Interest and fees on loans $ 65,077 $ 52,295 $ 129,279 $ 103,368
Interest on investment securities:        
Taxable interest income 13,385 7,789 26,595 13,702
Tax-exempt interest income 1,104 474 2,152 797
Other, principally overnight investments 881 581 1,530 1,281
Total interest income 80,447 61,139 159,556 119,148
INTEREST EXPENSE        
Savings, checking and money market accounts 1,047 1,136 2,232 2,450
Time deposits of $100,000 or more 378 681 808 1,539
Other time deposits 160 182 316 398
Borrowings 592 381 1,052 764
Total interest expense 2,177 2,380 4,408 5,151
Net interest income 78,270 58,759 155,148 113,997
Provision for credit losses 0 0 3,500 0
Provision for (reversal of) unfunded commitments 0 1,939 (1,500) 1,939
Total provision for credit losses 0 1,939 2,000 1,939
Net interest income after provision for credit losses 78,270 56,820 153,148 112,058
NONINTEREST INCOME        
Service charges on deposit accounts 3,700 2,824 7,241 5,557
Other service charges and fees 7,882 6,496 14,887 12,018
Fees from presold mortgage loans 454 2,274 1,575 6,818
Commissions from sales of insurance and financial products 1,151 2,466 2,096 4,656
SBA consulting fees 704 2,187 1,484 4,951
SBA loan sale gains 841 2,996 4,102 5,326
Bank-owned life insurance income 942 614 1,918 1,234
Other gains, net 1,590 1,517 3,212 1,483
Total noninterest income 17,264 21,374 36,515 42,043
NONINTEREST EXPENSES        
Salaries expense 23,799 21,187 47,253 41,318
Employee benefits expense 6,310 4,084 11,888 8,658
Total personnel expense 30,109 25,271 59,141 49,976
Occupancy expense 3,122 2,668 6,506 5,572
Equipment related expenses 1,514 1,053 2,818 2,098
Merger and acquisition expenses 737 411 4,221 411
Intangibles amortization expense 953 845 1,970 1,742
Foreclosed property gains, net (292) (173) (372) (16)
Other operating expenses 13,255 10,910 26,579 21,267
Total noninterest expenses 49,398 40,985 100,863 81,050
Income before income taxes 46,136 37,209 88,800 73,051
Income tax expense 9,551 7,924 18,246 15,572
Net income $ 36,585 $ 29,285 $ 70,554 $ 57,479
Earnings per common share:        
Basic (in dollars per share) $ 1.03 $ 1.03 $ 1.98 $ 2.02
Diluted (in dollars per share) 1.03 1.03 1.98 2.02
Dividends declared per common share (in dollars per share) $ 0.22 $ 0.20 $ 0.44 $ 0.40
Weighted average common shares outstanding:        
Basic (in shares) 35,474,664 28,331,456 35,476,902 28,344,633
Diluted (in shares) 35,642,471 28,490,031 35,641,728 28,513,942