XML 91 R74.htm IDEA: XBRL DOCUMENT v3.22.4
Note 3 - Bank Acquisitions - Unaudited Pro Forma Information (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Commonwealth [Member]    
Net interest income $ 238,416 $ 218,376
Provision for credit losses [1] 5,828 (7,667)
Non-interest income 92,089 123,530
Non-interest expense [2] 182,783 200,941
Income before taxes 141,894 148,632
Income tax expense 32,212 31,443
Net income 109,682 117,189
Less net income attributed to noncontrolling interest 337 362
Net income available to stockholders $ 109,345 $ 116,827
Basic (in dollars per share) $ 3.75 $ 4.02
Diluted (in dollars per share) $ 3.72 $ 3.99
Basic weighted average shares outstanding (in shares) 29,122 29,037
Diluted weighted average shares outstanding (in shares) 29,386 29,295
Kentucky Bancshares [Member]    
Net interest income   $ 185,708
Provision for credit losses [3]   (7,967)
Non-interest income   72,308
Non-interest expense [4]   140,508
Income before taxes   125,475
Income tax expense   26,406
Net income   $ 99,069
Basic (in dollars per share)   $ 3.74
Diluted (in dollars per share)   $ 3.70
Basic weighted average shares outstanding (in shares)   26,522
Diluted weighted average shares outstanding (in shares)   26,780
[1] Excludes $4.4 million in merger related credit loss expense for the year ended December 31, 2022. Excludes $7.4 million in merger related credit loss expense for the year ended December 31, 2021.
[2] Excludes $24.1 million in pre-tax merger expenses for the year ended December 31, 2022. Excludes $18.5 million in pre-tax merger expenses for the year ended December 31, 2021.
[3] Excludes $7.4 million in merger related credit loss expense for the year ended December 31, 2021.
[4] Excludes $18.1 million in pre-tax merger expenses for the year ended December 31, 2021.