XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans and leases, including fees $ 108,394 $ 89,461
Investment securities:    
Investment securities available-for-sale 19,596 12,832
Investment securities held-to-maturity 13,956 10,663
Total investment income 33,552 23,495
Dividends from FHLB stock 349 371
Interest-earning deposits with other institutions 491 773
Total interest income 142,786 114,100
Interest expense:    
Deposits 5,365 1,127
Borrowings and customer repurchase agreements 11,693 133
Total interest expense 17,058 1,260
Net interest income before provision for (recapture of) credit losses 125,728 112,840
Provision for (recapture of) credit losses 1,500 2,500
Net interest income after provision for (recapture of) credit losses 124,228 110,340
Noninterest income:    
BOLI income 1,189 1,349
Other 3,378 1,618
Total noninterest income 13,202 11,264
Noninterest expense:    
Salaries and employee benefits 35,247 32,656
Occupancy and equipment 5,450 5,571
Professional services 1,696 2,045
Computer software expense 3,408 3,795
Marketing and promotion 1,715 1,458
Provision For Unfunded Loan Commitments 500 0
Amortization of intangible assets 1,720 1,998
Acquisition related expenses 0 5,638
Other 5,145 5,077
Total noninterest expense 54,881 58,238
Earnings before income taxes 82,549 63,366
Income taxes 23,279 17,806
Net earnings 59,270 45,560
Other comprehensive (loss) income:    
Unrealized (loss) gain on securities arising during the period, before tax 40,702 (202,018)
Less: Income tax benefit (expense) related to items of other comprehensive income (12,033) 59,724
Other comprehensive (loss), net of tax 28,669 (142,294)
Comprehensive income (loss) $ 87,939 $ 96,734
Basic earnings per common share $ 0.42 $ 0.31
Diluted earnings per common share $ 0.42 $ 0.31
Service Charges on Deposit Accounts [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax $ 5,344 $ 5,059
Trust and Investment Services [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax 2,914 2,822
Bankcard Services [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax $ 377 $ 416