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CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans $ 222,166 $ 228,999 $ 256,043
Investment securities 21,560 21,786 20,531
Cash, Fed Funds and other 569 1,227 1,032
Total interest income 244,295 252,012 277,606
Interest expense:      
Deposits 11,411 33,797 70,389
Borrowings 5,827 9,553 17,827
Total interest expense 17,238 43,350 88,216
Net interest income 227,057 208,662 189,390
Provision for credit losses (15,000) 20,469 (500)
Net interest income after provision for credit losses 242,057 188,193 189,890
Noninterest income:      
Net gain on loan origination and sale activities 92,318 122,564 44,122
Loan servicing income 7,233 9,491 9,785
Deposit fees 8,068 7,083 7,926
Other 12,356 10,226 12,599
Total noninterest income 119,975 149,364 74,432
Noninterest expense:      
Compensation and benefits 132,015 136,826 124,354
Information services 27,913 30,004 31,603
Occupancy 23,832 35,323 27,119
General, administrative and other 31,583 33,510 32,538
Total noninterest expense 215,343 235,663 215,614
Income from continuing operations before income taxes 146,689 101,894 48,708
Income taxes (benefit) 31,267 21,904 7,988
Income from continuing operations 115,422 79,990 40,720
Loss from discontinued operations before income taxes 0 0 (28,285)
Income tax benefit for discontinued operations 0 0 (5,077)
Loss from discontinued operations 0 0 (23,208)
Net income $ 115,422 $ 79,990 $ 17,512
Net income (loss) per share, basic      
Income from continuing operations (in dollars per share) $ 5.53 $ 3.50 $ 1.57
Loss from discontinued operations (in dollars per share) 0 0 (0.91)
Basic income per share (in dollars per share) 5.53 3.50 0.66
Net income (loss) per share, diluted      
Income from continuing operations (in dollars per share) 5.46 3.47 1.55
Loss from discontinued operations (in dollars per share) 0 0 (0.90)
Diluted income per share (in dollars per share) $ 5.46 $ 3.47 $ 0.65
Weighted average shares outstanding:      
Basic (in shares) 20,885,509 22,867,268 25,573,488
Diluted (in shares) 21,143,414 23,076,822 25,770,783