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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans, including fees $ 142,270 $ 81,488
Investment securities:    
Taxable 29,809 13,190
Tax-exempt 1,578 350
Other interest income 14,492 1,404
Total interest income 188,149 96,432
Interest expense:    
Savings deposits 11,694 1,101
Time deposits 6,829 2,504
Securities sold under repurchase agreements 2,142 184
Other borrowings 71 1,888
Junior subordinated deferrable interest debentures 2,228 709
Total interest expense 22,964 6,386
Net interest income 165,185 90,046
Provision for credit losses 8,587 1,481
Net interest income after provision for credit losses 156,598 88,565
Non-interest income:    
Other investments, net 2,955 2,882
Other income 3,845 9,092
Total non-interest income 40,362 43,512
Non-interest expense:    
Employee compensation and benefits 32,859 31,119
Occupancy 6,326 6,272
Depreciation of bank premises and equipment 5,466 5,475
Professional fees 3,590 2,318
Deposit insurance assessments 4,138 1,057
Net operations, other real estate owned (1,745) (408)
Advertising 1,264 1,440
Software and software maintenance 4,969 4,177
Other 11,162 12,668
Total non-interest expense 68,029 64,118
Income before income taxes 128,931 67,959
Provision for income taxes 27,288 14,466
Net income $ 101,643 $ 53,493
Basic earnings per common share:    
Weighted average number of shares outstanding (in shares) 62,142,264 63,352,240
Net income per common share (in dollars per share) $ 1.64 $ 0.84
Fully diluted earnings per common share:    
Weighted average number of shares outstanding (in shares) 62,282,328 63,498,268
Net income per common share (in dollars per share) $ 1.63 $ 0.84
Services charges on deposit accounts    
Non-interest income:    
Service charges $ 17,553 $ 17,257
Other service charges, commissions and fees, Banking    
Non-interest income:    
Service charges 14,055 12,516
Other service charges, commissions and fees, Non-banking    
Non-interest income:    
Service charges $ 1,954 $ 1,765