XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Loans $ 111,049 $ 99,712 $ 218,152 $ 200,027
Taxable securities 34,622 24,750 71,784 47,566
Tax-exempt securities 3,755 2,826 7,480 5,585
Deposits in banks 887 159 1,182 311
Total interest income 150,313 127,447 298,598 253,489
Interest Expense        
Deposits 2,464 1,426 4,260 2,911
FHLB advances and FRB borrowings 73 72 144 144
Subordinated debentures 172 468 316 936
Other borrowings 153 19 227 42
Total interest expense 2,862 1,985 4,947 4,033
Net Interest Income 147,451 125,462 293,651 249,456
Provision (recapture) for credit losses 2,100 (5,500) (5,700) (6,300)
Net interest income after provision (recapture) for credit losses 145,351 130,962 299,351 255,756
Noninterest Income        
Deposit account and treasury management fees 8,212 6,701 15,325 13,059
Card revenue 5,031 4,773 9,998 8,506
Financial services and trust revenue 4,192 4,245 8,824 7,626
Loan revenue 3,881 4,514 7,074 11,883
Bank owned life insurance 2,024 1,635 3,812 3,195
Other securities gains 0 314 0 314
Other 1,666 548 4,153 1,313
Total noninterest income 25,006 22,730 49,186 45,896
Noninterest Expense        
Compensation and employee benefits 57,386 53,450 120,465 105,186
Occupancy 9,632 9,038 20,641 18,044
Data processing and software 9,185 7,402 19,509 15,853
Legal and professional fees 5,182 3,264 11,717 6,079
Amortization of intangibles 2,219 1,852 4,507 3,776
B&O taxes 1,584 1,490 3,173 2,749
Advertising and promotion 1,208 588 1,934 1,348
Regulatory premiums 1,461 1,112 2,997 2,217
Net cost of operation of OREO 116 111 126 48
Other 7,406 5,809 15,363 12,375
Total noninterest expense 95,379 84,116 200,432 167,675
Income before income taxes 74,978 69,576 148,105 133,977
Income tax provision 16,170 14,537 31,775 27,085
Net Income $ 58,808 $ 55,039 $ 116,330 $ 106,892
Earnings per common share        
Basic $ 0.75 $ 0.77 $ 1.49 $ 1.50
Diluted $ 0.75 $ 0.77 $ 1.49 $ 1.50
Weighted average number of common shares outstanding 78,049 70,987 77,989 70,924
Weighted average number of diluted common shares outstanding 78,114 71,164 78,099 71,079