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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest Income        
Interest and Fees on Loans and Leases $ 144,541 $ 101,663 $ 281,042 $ 196,102
Income on Investment Securities        
Available-for-Sale 23,301 17,984 47,194 35,084
Held-to-Maturity 23,375 18,838 47,323 37,539
Deposits 18 5 45 9
Funds Sold 6,395 719 9,761 846
Other 2,121 353 2,718 555
Total Interest Income 199,751 139,562 388,083 270,135
Interest Expense        
Deposits 53,779 3,535 91,573 5,888
Securities Sold Under Agreements to Repurchase 5,436 2,794 10,813 5,566
Funds Purchased 184 57 888 59
Short-Term Borrowings 2,510 92 5,713 92
Other Debt 13,494 182 18,793 365
Total Interest Expense 75,403 6,660 127,780 11,970
Net Interest Income 124,348 132,902 260,303 258,165
Provision for Credit Losses 2,500 (2,500) 4,500 (8,000)
Net Interest Income After Provision for Credit Losses 121,848 135,402 255,803 266,165
Noninterest Income        
Trust and Asset Management 11,215 11,457 21,905 22,733
Mortgage Banking 1,176 1,247 2,180 3,987
Service Charges on Deposit Accounts 7,587 7,309 15,324 14,581
Fees, Exchange, and Other Service Charges 14,150 14,193 27,958 27,145
Investment Securities Losses, Net (1,310) (1,295) (3,102) (2,840)
Annuity and Insurance 1,038 870 2,309 1,661
Bank-Owned Life Insurance 2,876 2,658 5,718 5,007
Other 6,523 5,719 11,700 13,435
Total Noninterest Income 43,255 42,158 83,992 85,709
Noninterest Expense        
Salaries and Benefits 56,175 57,769 121,263 117,693
Net Occupancy 9,991 9,930 19,863 19,756
Net Equipment 10,573 9,543 20,948 18,696
Data Processing 4,599 4,607 9,182 9,167
Professional Fees 4,651 3,542 8,534 6,800
FDIC Insurance 3,173 1,590 6,407 3,092
Other 14,874 15,958 29,758 31,609
Total Noninterest Expense 104,036 102,939 215,955 206,813
Income Before Provision for Income Taxes 61,067 74,621 123,840 145,061
Provision for Income Taxes 15,006 17,759 30,937 33,365
Net Income 46,061 56,862 92,903 111,696
Preferred Stock Dividends 1,969 1,969 3,938 3,938
Net Income Available to Common Shareholders $ 44,092 $ 54,893 $ 88,965 $ 107,758
Basic Earnings Per Common Share $ 1.12 $ 1.38 $ 2.27 $ 2.71
Diluted Earnings Per Common Share 1.12 1.38 2.26 2.7
Dividends Declared Per Common Share $ 0.7 $ 0.7 $ 1.4 $ 1.4
Basic Weighted Average Common Shares 39,241,559 39,693,593 39,259,279 39,722,985
Diluted Weighted Average Common Shares 39,317,521 39,842,608 39,382,359 39,896,700