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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME        
Loans, including fees $ 165,641 $ 138,804 $ 292,817 $ 285,228
Interest bearing balances due from banks and federal funds sold 1,117 651 1,766 1,449
Investment securities 37,848 27,128 71,560 48,701
Mortgage loans held for sale 200 386 390 1,025
TOTAL INTEREST INCOME 204,806 166,969 366,533 336,403
INTEREST EXPENSE        
Deposits 9,754 10,782 16,571 23,961
Federal funds purchased and securities sold under agreements to repurchase 119 192 187 437
Other borrowings 4,844 4,897 9,623 9,699
Subordinated notes and debentures 4,990 4,565 9,447 9,092
TOTAL INTEREST EXPENSE 19,707 20,436 35,828 43,189
NET INTEREST INCOME 185,099 146,533 330,705 293,214
Provision for credit loss expense 33,859 (12,951) 13,945 (11,506)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 151,240 159,484 316,760 304,720
NON-INTEREST INCOME        
Bank owned life insurance income 2,563 2,038 5,269 3,561
Gain (loss) on sale of securities, net (150) 5,127 (204) 10,598
Other income 6,837 8,397 14,103 18,897
TOTAL NON-INTEREST INCOME 40,178 47,115 82,396 96,664
NON-INTEREST EXPENSE        
Salaries and employee benefits 74,135 60,261 142,041 120,601
Occupancy expense, net 11,004 9,103 21,027 18,403
Furniture and equipment expense 5,104 4,859 9,879 10,274
Other real estate and foreclosure expense 142 863 485 1,206
Deposit insurance 2,812 1,687 4,650 2,995
Merger related costs 19,133 686 21,019 919
Other operating expenses 44,483 37,198 86,129 73,261
TOTAL NON-INTEREST EXPENSE 156,813 114,657 285,230 227,659
INCOME BEFORE INCOME TAXES 34,605 91,942 113,926 173,725
Provision for income taxes 7,151 17,018 21,377 31,381
NET INCOME 27,454 74,924 92,549 142,344
Preferred stock dividends 0 13 0 26
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 27,454 $ 74,911 $ 92,549 $ 142,318
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.21 $ 0.69 $ 0.77 $ 1.31
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.21 $ 0.69 $ 0.77 $ 1.31
Wealth management fees        
NON-INTEREST INCOME        
Non-interest income $ 7,214 $ 7,892 $ 15,182 $ 15,253
Service charges on deposit accounts        
NON-INTEREST INCOME        
Non-interest income 11,379 10,050 22,075 19,765
Other service charges and fees        
NON-INTEREST INCOME        
Non-interest income 1,871 2,048 3,508 3,970
Mortgage lending income        
NON-INTEREST INCOME        
Non-interest income 2,240 4,490 6,790 10,937
Debit and credit card fees        
NON-INTEREST INCOME        
Non-interest income $ 8,224 $ 7,073 $ 15,673 $ 13,683