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Other Income and Other Operating Expenses | 6 Months Ended
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Jun. 30, 2023
Other Income and Expenses [Abstract] |
Other Income and Other Operating Expenses | OTHER INCOME AND OTHER OPERATING EXPENSES Other income for the three and six months ended June 30, 2023 was $9.8 million and $21.1 million, respectively. Other income for the same periods in 2022 was $6.8 million and $14.1 million, respectively. Included in other income during the six month period ended June 30, 2023 was a $4.0 million legal reserve recapture associated with previously disclosed legal matters. Additionally, other income increased on a year-over-year basis, primarily as a result of fair value adjustments associated with certain equity investments and death benefits from bank owned life insurance. Other operating expenses consisted of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Professional services | $ | 5,233 |  |  | $ | 4,202 |  |  | $ | 9,642 |  |  | $ | 9,648 |
Postage | 2,366 |  |  | 2,217 |  |  | 4,690 |  |  | 4,343 |
Telephone | 1,701 |  |  | 1,695 |  |  | 3,432 |  |  | 3,253 |
Credit card expense | 3,444 |  |  | 3,037 |  |  | 6,633 |  |  | 5,743 |
Marketing | 6,044 |  |  | 8,754 |  |  | 12,254 |  |  | 14,894 |
Software and technology | 10,236 |  |  | 10,078 |  |  | 20,592 |  |  | 20,225 |
Operating supplies | 683 |  |  | 713 |  |  | 1,288 |  |  | 1,411 |
Amortization of intangibles | 4,098 |  |  | 4,096 |  |  | 8,194 |  |  | 7,582 |
Branch right sizing expense | 95 |  |  | 292 |  |  | 1,074 |  |  | 1,201 |
Other expense | 9,026 |  |  | 9,399 |  |  | 18,213 |  |  | 17,829 |
Total other operating expenses | $ | 42,926 |  |  | $ | 44,483 |  |  | $ | 86,012 |  |  | $ | 86,129 |

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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