XML 27 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Loans, including fees $ 227,498 $ 127,176
Interest bearing balances due from banks and federal funds sold 2,783 649
Investment securities 48,774 33,712
Mortgage loans held for sale 82 190
TOTAL INTEREST INCOME 279,137 161,727
INTEREST EXPENSE    
Deposits 87,528 6,817
Federal funds purchased and securities sold under agreements to repurchase 323 68
Other borrowings 8,848 4,779
Subordinated notes and debentures 4,603 4,457
TOTAL INTEREST EXPENSE 101,302 16,121
NET INTEREST INCOME 177,835 145,606
Provision for credit losses 24,216 (19,914)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 153,619 165,520
NONINTEREST INCOME    
Bank owned life insurance income 2,973 2,706
Loss on sale of securities, net 0 (54)
Other income 11,256 7,266
TOTAL NONINTEREST INCOME 45,835 42,218
NONINTEREST EXPENSE    
Salaries and employee benefits 77,038 67,906
Occupancy expense, net 11,578 10,023
Furniture and equipment expense 5,051 4,775
Other real estate and foreclosure expense 186 343
Deposit insurance 4,893 1,838
Merger related costs 1,396 1,886
Other operating expenses 43,086 41,646
TOTAL NONINTEREST EXPENSE 143,228 128,417
INCOME BEFORE INCOME TAXES 56,226 79,321
Provision for income taxes 10,637 14,226
NET INCOME $ 45,589 $ 65,095
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.36 $ 0.58
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.36 $ 0.58
Service charges on deposit accounts    
NONINTEREST INCOME    
Non-interest income $ 12,437 $ 10,696
Debit and credit card fees    
NONINTEREST INCOME    
Non-interest income 7,952 7,449
Wealth management fees    
NONINTEREST INCOME    
Non-interest income 7,365 7,968
Mortgage lending income    
NONINTEREST INCOME    
Non-interest income 1,570 4,550
Other service charges and fees    
NONINTEREST INCOME    
Non-interest income $ 2,282 $ 1,637