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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME:    
Loans receivable $ 133,257 $ 100,350
Mortgage-backed securities 18,978 14,109
Securities and cash equivalents 14,726 8,432
Total interest income 166,961 122,891
INTEREST EXPENSE:    
Deposits 9,244 2,086
FHLB advances 1,264 291
Other borrowings 381 84
Subordinated debt 2,760 1,776
Total interest expense 13,649 4,237
Net interest income 153,312 118,654
Provision for Loan, Lease, and Other Losses (524) (6,961)
Net interest income after (recapture) provision for credit losses 153,836 125,615
NON-INTEREST INCOME:    
Deposit fees and other service charges 10,562 11,189
Mortgage banking operations 2,691 4,440
BOLI 2,188 1,631
Miscellaneous 1,640 1,683
Other operating income 17,081 18,943
Net (loss) gain on sale of securities (7,252) 435
Net change in valuation of financial instruments carried at fair value (552) 49
Total non-interest income 9,277 19,427
NON-INTEREST EXPENSE:    
Salary and employee benefits 61,389 59,486
Less capitalized loan origination costs (3,431) (6,230)
Occupancy and equipment 11,970 13,220
Information and computer data services 7,147 6,651
Payment and card processing services 4,618 4,896
Professional and legal expenses 2,121 2,180
Advertising and marketing 806 461
Deposit insurance 1,890 1,524
State and municipal business and use taxes 1,300 1,162
Real estate operations, net (277) (79)
Amortization of core deposit intangibles 1,050 1,424
Loss on extinguishment of debt 0 793
Miscellaneous 6,038 5,707
Total non-interest expense 94,621 91,195
Income before provision for income taxes 68,492 53,847
PROVISION FOR INCOME TAXES 12,937 9,884
NET INCOME $ 55,555 $ 43,963
Earnings per common share:    
Basic $ 1.62 $ 1.28
Diluted 1.61 1.27
Common Stock, Dividends, Per Share, Declared $ 0.48 $ 0.44
Weighted average number of common shares outstanding, Basic 34,239,533 34,300,742
Weighted average number of common shares outstanding, Diluted 34,457,869 34,598,436