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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 422,401 $ 415,965 $ 465,677
Interest and dividends on securities:      
Taxable 66,123 50,401 53,594
Tax-exempt 18,818 16,161 16,999
Total interest and dividends on securities 84,941 66,562 70,593
Other interest income 6,314 2,440 5,007
Total interest and dividend income 513,656 484,967 541,277
INTEREST EXPENSE      
Interest bearing demand deposits 12,181 3,669 7,069
Money market deposits 3,562 1,803 4,616
Savings deposits 4,115 1,031 1,802
Certificates of deposit 4,089 7,623 13,562
Total interest expense on deposits 23,947 14,126 27,049
Federal Home Loan Bank borrowings 3,968 6,167 24,701
Other short-term borrowings 568 227 1,729
Subordinated debt and junior subordinated debt 10,860 6,514 8,318
Total interest expense 39,343 27,034 61,797
NET INTEREST INCOME 474,313 457,933 479,480
Provision for credit losses (1,663) (64,274) 107,741
Net interest income after provision for credit losses 475,976 522,207 371,739
NON-INTEREST INCOME      
Trust fees 27,551 29,511 26,335
Service charges on deposits 26,281 22,412 21,943
Electronic banking fees 20,002 19,318 17,524
Net securities brokerage revenue 9,525 6,896 6,189
Bank-owned life insurance 10,728 8,936 7,359
Mortgage banking income 5,129 19,528 22,736
Net securities (losses) gains (1,777) 1,113 4,268
Net gains on other real estate owned and other assets 482 4,816 103
Other income 19,470 20,255 21,728
Total non-interest income 117,391 132,785 128,185
NON-INTEREST EXPENSE      
Salaries and wages 167,028 154,242 153,166
Employee benefits 37,771 41,033 41,723
Net occupancy 26,105 26,843 27,580
Equipment and software 32,508 30,006 24,801
Marketing 9,335 8,634 5,957
FDIC insurance 7,901 4,150 7,734
Amortization of intangible assets 10,278 11,457 13,411
Restructuring and merger-related expense 1,723 6,717 9,725
Other operating expenses 64,317 70,061 70,748
Total non-interest expense 356,966 353,143 354,845
Income before provision for income taxes 236,401 301,849 145,079
Provision for income taxes 44,288 59,589 23,035
Net income 192,113 242,260 122,044
Preferred stock dividends 10,125 10,125 2,644
Net income available to common shareholders $ 181,988 $ 232,135 $ 119,400
EARNINGS PER COMMON SHARE      
Basic $ 3.03 $ 3.54 $ 1.78
Diluted $ 3.02 $ 3.53 $ 1.77
AVERAGE COMMON SHARES OUTSTANDING      
Basic 60,047,177 65,520,527 67,260,796
Diluted 60,215,374 65,669,970 67,310,584
DIVIDENDS DECLARED PER COMMON SHARE $ 1.37 $ 1.32 $ 1.28