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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Loans and fees $ 76,973 $ 60,529 $ 144,782 $ 119,307
Federal funds sold and interest-bearing deposits with banks 235 52 417 89
Taxable investment securities and other 8,285 4,029 14,994 8,010
Tax-exempt investment securities 1,442 631 2,744 1,243
Total Interest Income 86,935 65,241 162,937 128,649
Interest Expense        
Deposits 4,829 4,238 8,868 9,362
Federal funds purchased and securities sold under agreements to repurchase 150 16 170 39
Other borrowings 1,654 1,247 3,209 2,780
Total Interest Expense 6,633 5,501 12,247 12,181
Net Interest Income 80,302 59,740 150,690 116,468
Provision for credit losses (benefit) 3,644 (5,959) 9,916 (8,601)
Net Interest Income after Provision for Credit Losses (benefit) 76,658 65,699 140,774 125,069
Noninterest Income        
Service charges on deposit accounts 2,711 2,445 5,337 4,741
Commissions and fees 2,555 1,755 4,661 3,353
Income on bank owned life insurance 820 643 1,650 1,277
(Loss) gain on equity securities (364) 11 (849) (133)
Gains on sales of loans held for sale 715 607 2,141 1,315
Gains on investment securities transactions, net 0 9 0 9
Swap income 399 72 399 634
Other income (loss) 227 (273) 504 (168)
Total Noninterest Income 7,063 5,269 13,843 11,028
Noninterest Expense        
Compensation and employee benefits 26,938 20,407 54,617 40,925
Premises and equipment 7,679 6,078 15,651 12,396
FDIC insurance expense 672 621 1,344 1,332
Data processing expense 1,891 1,299 3,561 2,554
Merger related expenses 0 0 4,585 0
Other expenses 7,888 5,692 15,269 10,793
Total Noninterest Expense 45,068 34,097 95,027 68,000
Income before provision for income taxes 38,653 36,871 59,590 68,097
Provision for income taxes 9,536 9,464 14,544 17,515
Net Income $ 29,117 $ 27,407 $ 45,046 $ 50,582
Per Share of Common Stock        
Basic earnings (in usd per share) $ 0.44 $ 0.53 $ 0.69 $ 0.99
Diluted earnings (in usd per share) 0.44 0.53 0.69 0.98
Dividends (in usd per share) $ 0.145 $ 0.135 $ 0.28 $ 0.26