XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Loans $ 107,103 $ 100,315
Taxable securities 37,162 22,816
Tax-exempt securities 3,725 2,759
Deposits in banks 295 152
Total interest income 148,285 126,042
Interest Expense    
Deposits 1,796 1,485
FHLB advances and FRB borrowings 71 72
Subordinated debentures 144 468
Other borrowings 74 23
Total interest expense 2,085 2,048
Net Interest Income 146,200 123,994
Recapture for credit losses (7,800) (800)
Net interest income after recapture for credit losses 154,000 124,794
Noninterest Income    
Deposit account and treasury management fees 7,113 6,358
Card revenue 4,967 3,733
Financial services and trust revenue 4,632 3,381
Loan revenue 3,193 7,369
Bank owned life insurance 1,788 1,560
Other 2,487 765
Total noninterest income 24,180 23,166
Noninterest Expense    
Compensation and employee benefits 63,079 51,736
Occupancy 11,009 9,006
Data processing and software 10,324 8,451
Legal and professional fees 6,535 2,815
Amortization of intangibles 2,288 1,924
B&O taxes 1,589 1,259
Advertising and promotion 726 760
Regulatory premiums 1,536 1,105
Net cost (benefit) of operation of OREO 10 (63)
Other 7,957 6,566
Total noninterest expense 105,053 83,559
Income before income taxes 73,127 64,401
Income tax provision 15,605 12,548
Net Income $ 57,522 $ 51,853
Earnings per common share    
Basic $ 0.74 $ 0.73
Diluted $ 0.74 $ 0.73
Weighted average number of common shares outstanding 77,925 70,869
Weighted average number of diluted common shares outstanding 78,083 71,109