XML 23 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Loans, including fees $ 127,176 $ 146,424
Interest bearing balances due from banks and federal funds sold 649 798
Investment securities 33,712 21,573
Mortgage loans held for sale 190 639
TOTAL INTEREST INCOME 161,727 169,434
INTEREST EXPENSE    
Deposits 6,817 13,179
Federal funds purchased and securities sold under agreements to repurchase 68 245
Other borrowings 4,779 4,802
Subordinated notes and debentures 4,457 4,527
TOTAL INTEREST EXPENSE 16,121 22,753
NET INTEREST INCOME 145,606 146,681
Provision for credit losses (19,914) 1,445
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 165,520 145,236
NON-INTEREST INCOME    
Bank owned life insurance income 2,706 1,523
Gain (loss) on sale of securities, net (54) 5,471
Other income 7,266 10,500
TOTAL NON-INTEREST INCOME 42,218 49,549
NON-INTEREST EXPENSE    
Salaries and employee benefits 67,906 60,340
Occupancy expense, net 10,023 9,300
Furniture and equipment expense 4,775 5,415
Other real estate and foreclosure expense 343 343
Deposit insurance 1,838 1,308
Merger related costs 1,886 233
Other operating expenses 41,646 36,063
TOTAL NON-INTEREST EXPENSE 128,417 113,002
INCOME BEFORE INCOME TAXES 79,321 81,783
Provision for income taxes 14,226 14,363
NET INCOME 65,095 67,420
Preferred stock dividends 0 13
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 65,095 $ 67,407
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.58 $ 0.62
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.58 $ 0.62
Wealth management fees    
NON-INTEREST INCOME    
Non-interest income $ 7,968 $ 7,361
Service charges on deposit accounts    
NON-INTEREST INCOME    
Non-interest income 10,696 9,715
Other service charges and fees    
NON-INTEREST INCOME    
Non-interest income 1,637 1,922
Mortgage lending income    
NON-INTEREST INCOME    
Non-interest income 4,550 6,447
Debit and credit card fees    
NON-INTEREST INCOME    
Non-interest income $ 7,449 $ 6,610