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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest Income        
Loans and fees $ 111,618 $ 84,924 $ 317,360 $ 229,706
Federal funds sold and interest-bearing deposits with banks 1,307 429 4,016 846
Taxable investment securities and other 12,078 9,589 35,571 24,583
Tax-exempt investment securities 1,536 1,485 4,765 4,229
Total Interest Income 126,539 96,427 361,712 259,364
Interest Expense        
Deposits 45,058 13,618 110,920 22,486
Federal funds purchased and securities sold under agreements to repurchase 10,186 717 27,773 887
Other borrowings 2,389 1,807 6,646 5,016
Total Interest Expense 57,633 16,142 145,339 28,389
Net Interest Income 68,906 80,285 216,373 230,975
Provision for credit losses 1,262 1,358 11,102 11,274
Net Interest Income after Provision for Credit Losses 67,644 78,927 205,271 219,701
Noninterest Income        
Service charges on deposit accounts 1,996 2,808 7,629 8,145
Commissions and fees 1,731 2,212 5,519 6,873
Income on bank owned life insurance 816 1,468 2,613 3,118
Loss on equity securities (294) (464) (281) (1,313)
Gains on sales of loans held for sale 349 355 1,008 2,496
Swap income 697 711 1,114 1,110
Other income 123 143 750 647
Total Noninterest Income 5,418 7,233 18,352 21,076
Noninterest Expense        
Compensation and employee benefits 26,156 26,636 83,737 81,253
Premises and equipment 7,888 7,574 23,857 23,225
FDIC insurance expense 1,354 690 3,944 2,034
Data processing expense 1,932 1,419 5,819 4,980
Merger-related expenses 198 3,488 735 8,073
Other expenses 6,840 8,004 21,889 23,273
Total Noninterest Expense 44,368 47,811 139,981 142,838
Income before provision for income taxes 28,694 38,349 83,642 97,939
Provision for income taxes 6,455 9,603 18,970 24,147
Net Income $ 22,239 $ 28,746 $ 64,672 $ 73,792
Per Share of Common Stock        
Basic earnings (in usd per share) $ 0.34 $ 0.44 $ 0.98 $ 1.13
Diluted earnings (in usd per share) 0.34 0.44 0.98 1.13
Dividends (in usd per share) $ 0.145 $ 0.145 $ 0.435 $ 0.425