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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Loans and leases, including fees $ 113,190 $ 100,077 $ 332,574 $ 282,308
Investment securities:        
Investment securities available-for-sale 22,441 18,543 61,393 48,417
Investment securities held-to-maturity 13,576 12,834 41,272 35,211
Total investment income 36,017 31,377 102,665 83,628
Dividends from FHLB stock 598 258 1,430 902
Interest-earning deposits with other institutions 6,422 3,476 11,583 5,712
Total interest income 156,227 135,188 448,252 372,550
Interest expense:        
Deposits 16,517 1,728 32,647 4,056
Borrowings and customer repurchase agreements 16,339 122 46,971 376
Total interest expense 32,856 1,850 79,618 4,432
Net interest income before (recapture of) provision for credit losses 123,371 133,338 368,634 368,118
Provision for (recapture of) credit losses 2,000 2,000 4,000 8,100
Net interest income after provision for (recapture of) credit losses 121,371 131,338 364,634 360,018
Noninterest income:        
BOLI income 1,548 1,987 4,834 3,939
Gain on sale of building, net 0 0 0 2,717
Other 4,099 1,127 9,393 5,490
Total noninterest income 14,309 11,590 40,167 37,524
Noninterest expense:        
Salaries and employee benefits 34,744 33,233 103,539 97,442
Occupancy and equipment 5,618 5,779 16,585 16,917
Professional services 2,117 2,438 6,375 6,788
Computer software expense 3,648 3,243 10,372 10,141
Marketing and promotion 1,628 1,488 4,664 4,584
Amortization of intangible assets 1,567 1,846 5,006 5,842
(Recapture of) provision for unfunded loan commitments (900) 0 0 0
Acquisition related expenses 0 0 0 6,013
Other 6,636 5,000 17,415 14,409
Total noninterest expense 55,058 53,027 163,956 162,136
Earnings before income taxes 80,622 89,901 240,845 235,406
Income taxes 22,735 25,262 67,918 66,149
Net earnings 57,887 64,639 172,927 169,257
Other comprehensive (loss) income:        
Unrealized (loss) gain on securities arising during the period, before tax (133,864) (194,016) (127,626) (538,825)
Less: Income tax benefit (expense) related to items of other comprehensive (loss) income 41,894 57,358 37,730 159,296
Unrealized gain on derivatives designated as hedging instruments arising during the period 9,708 0 17,554 0
Other comprehensive (loss) income, net of tax (82,262) (136,658) (72,342) (379,529)
Comprehensive (loss) income $ (24,375) $ (72,019) $ 100,585 $ (210,272)
Basic earnings per common share $ 0.42 $ 0.46 $ 1.24 $ 1.2
Diluted earnings per common share $ 0.42 $ 0.46 $ 1.24 $ 1.2
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 5,062 $ 5,233 $ 15,244 $ 15,625
Trust and Investment Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax 3,246 2,867 9,475 8,651
Bankcard Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 354 $ 376 $ 1,221 $ 1,102