XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest Income        
Loans and fees $ 84,924 $ 59,957 $ 229,706 $ 179,264
Federal funds sold and interest-bearing deposits with banks 429 161 846 250
Taxable investment securities and other 9,589 4,232 24,583 12,242
Tax-exempt investment securities 1,485 588 4,229 1,831
Total Interest Income 96,427 64,938 259,364 193,587
Interest Expense        
Deposits 13,618 3,987 22,486 13,349
Federal funds purchased and securities sold under agreements to repurchase 717 19 887 58
Other borrowings 1,807 1,594 5,016 4,374
Total Interest Expense 16,142 5,600 28,389 17,781
Net Interest Income 80,285 59,338 230,975 175,806
Provision for credit losses (benefit) 1,358 (2,703) 11,274 (11,304)
Net Interest Income after Provision for Credit Losses (benefit) 78,927 62,041 219,701 187,110
Noninterest Income        
Service charges on deposit accounts 2,808 2,536 8,145 7,277
Commissions and fees 2,212 1,609 6,873 4,962
Income on bank owned life insurance 1,468 645 3,118 1,922
Loss on equity securities (464) (58) (1,313) (191)
Gains on sales of loans held for sale 355 550 2,496 1,865
Gains on investment securities transactions, net 0 0 0 9
Swap income 711 0 1,110 634
Other income 143 187 647 19
Total Noninterest Income 7,233 5,469 21,076 16,497
Noninterest Expense        
Compensation and employee benefits 26,636 21,478 81,253 62,403
Premises and equipment 7,574 6,206 23,225 18,602
FDIC insurance expense 690 461 2,034 1,793
Data processing expense 1,419 1,495 4,980 4,049
Merger-related expenses 3,488 1,072 8,073 1,072
Other expenses 8,004 6,495 23,273 17,288
Total Noninterest Expense 47,811 37,207 142,838 105,207
Income before provision for income taxes 38,349 30,303 97,939 98,400
Provision for income taxes 9,603 8,014 24,147 25,529
Net Income $ 28,746 $ 22,289 $ 73,792 $ 72,871
Per Share of Common Stock        
Basic earnings (in usd per share) $ 0.44 $ 0.43 $ 1.13 $ 1.42
Diluted earnings (in usd per share) 0.44 0.43 1.13 1.42
Dividends (in usd per share) $ 0.145 $ 0.135 $ 0.425 $ 0.395