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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Interest and fees on loans $ 99,380 $ 64,202
Interest on investment securities:    
Taxable interest income 13,416 13,210
Tax-exempt interest income 1,130 1,048
Other, principally overnight investments 3,248 649
Total interest income 117,174 79,109
INTEREST EXPENSE    
Interest on deposits 18,918 1,771
Interest on borrowings 5,770 460
Total interest expense 24,688 2,231
Net interest income 92,486 76,878
Provision for credit losses 11,451 3,500
Provision for (reversal of) unfunded commitments 1,051 (1,500)
Total provision for credit losses 12,502 2,000
Net interest income after provision for credit losses 79,984 74,878
NONINTEREST INCOME    
Service charges on deposit accounts 3,894 3,541
Other service charges and fees 5,920 7,005
Fees from presold mortgage loans 406 1,121
Commissions from sales of financial products 1,306 945
SBA consulting fees 521 780
SBA loan sale gains 255 3,261
Bank-owned life insurance income 1,046 976
Other gains, net 188 1,622
Total noninterest income 13,536 19,251
NONINTEREST EXPENSES    
Salaries expense 29,321 23,454
Employee benefits expense 6,393 5,578
Total personnel expense 35,714 29,032
Occupancy expense 3,688 3,384
Equipment related expenses 1,379 1,304
Merger and acquisition expenses 12,182 3,484
Intangibles amortization expense 2,145 1,017
Foreclosed property net gains (35) (80)
Other operating expenses 19,102 13,324
Total noninterest expenses 74,175 51,465
Income before income taxes 19,345 42,664
Income tax expense 4,184 8,695
Net income $ 15,161 $ 33,969
Earnings per common share:    
Basic (in dollars per share) $ 0.37 $ 0.95
Diluted (in dollars per share) 0.37 0.95
Dividends declared per common share (in dollars per share) $ 0.22 $ 0.22
Weighted average common shares outstanding:    
Basic (in shares) 40,583,417 35,433,739
Diluted (in shares) 41,112,692 35,640,978