XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans, including fees $ 402,177,000 $ 359,215,000 $ 377,579,000
Investment securities:      
Taxable 74,988,000 34,331,000 46,095,000
Tax-exempt 2,541,000 1,483,000 2,434,000
Other interest income 46,075,000 3,074,000 900,000
Total interest income 525,781,000 398,103,000 427,008,000
Interest expense:      
Savings deposits 12,686,000 4,110,000 6,358,000
Time deposits 11,157,000 11,655,000 19,230,000
Securities sold under repurchase agreements 2,495,000 621,000 926,000
Other borrowings 6,781,000 7,654,000 8,773,000
Junior subordinated deferrable interest debentures 5,037,000 2,791,000 3,832,000
Total interest expense 38,156,000 26,831,000 39,119,000
Net interest income 487,625,000 371,272,000 387,889,000
Provision for credit losses 21,651,000 7,955,000 45,379,000
Net interest income after provision for credit losses 465,974,000 363,317,000 342,510,000
Other service charges, commissions and fees      
Investment securities transactions, net   (16,000) (5,000)
Other investments, net 17,538,000 68,807,000 4,920,000
Other income 32,994,000 25,043,000 26,873,000
Total non-interest income 187,134,000 222,326,000 150,579,000
Non-interest expense:      
Employee compensation and benefits 127,722,000 123,480,000 130,039,000
Occupancy 25,654,000 26,176,000 24,909,000
Depreciation of bank premises and equipment 21,821,000 25,028,000 28,318,000
Professional fees 11,292,000 7,890,000 12,546,000
Deposit insurance assessments 6,987,000 4,389,000 1,870,000
Net operations, other real estate owned 122,000 5,073,000 9,808,000
Amortization of identified intangible assets 0 0 0
Advertising 4,588,000 4,037,000 4,284,000
Software and software maintenance 15,271,000 17,794,000 19,238,000
Other 57,012,000 49,449,000 50,319,000
Total non-interest expense 270,469,000 263,316,000 281,331,000
Income before income taxes 382,639,000 322,327,000 211,758,000
Provision for income taxes 82,407,000 68,405,000 44,439,000
Net income $ 300,232,000 $ 253,922,000 $ 167,319,000
Basic earnings per common share:      
Weighted average number of shares outstanding (in shares) 62,658,414 63,352,737 63,725,819
Net income per common share (in dollars per share) $ 4.79 $ 4.01 $ 2.63
Fully diluted earnings per common share:      
Weighted average number of shares outstanding (in shares) 62,810,234 63,486,366 63,853,135
Net income per common share (in dollars per share) $ 4.78 $ 4.00 $ 2.62
Services charges on deposit accounts      
Non-interest income:      
Service charges $ 72,781,000 $ 66,205,000 $ 61,983,000
Other service charges, commissions and fees, Banking      
Non-interest income:      
Service charges 55,253,000 54,280,000 48,986,000
Other service charges, commissions and fees, Non-banking      
Non-interest income:      
Service charges $ 8,568,000 $ 8,007,000 $ 7,822,000