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Consolidated Statements of Income (Loss) - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans and leases $ 244,212 $ 157,120
Investment securities 47,316 20,295
Loans held for sale 11,701 55
Interest earning deposits 10,395 330
Other 1,321 5,676
Total interest income 314,945 183,476
Interest expense:    
Deposits 143,930 13,712
FHLB advances 10,370 0
FRB advances 6,286 0
Subordinated debt 2,689 2,689
Other borrowings 1,771 2,376
Total interest expense 165,046 18,777
Net interest income 149,899 164,699
Provision for credit losses 19,603 15,997
Net interest income after provision for credit losses 130,296 148,702
Non-interest income:    
Commercial lease income 9,326 5,895
Loan fees 3,990 2,545
Bank-owned life insurance 2,647 8,326
Mortgage warehouse transactional fees 1,074 2,015
Gain (loss) on sale of SBA and other loans 0 1,507
Net gain (loss) on sale of investment securities 0 (1,063)
Other 1,084 1,973
Total non-interest income 18,121 21,198
Non-interest expense:    
Salaries and employee benefits 32,345 26,607
Technology, communication and bank operations 16,589 24,068
Commercial lease depreciation 7,875 4,942
Professional services 7,596 6,956
Loan servicing 4,661 2,371
Occupancy 2,760 3,050
FDIC assessments, non-income taxes and regulatory fees 2,728 2,383
Advertising and promotion 1,049 315
Other 4,530 3,115
Total non-interest expense 80,133 73,807
Income before income tax expense 68,284 96,093
Income tax expense 14,563 19,332
Net income 53,721 76,761
Preferred stock dividends 3,456 1,865
Net income available to common shareholders 50,265 74,896
Net income available to common shareholders $ 50,265 $ 74,896
Basic earnings per common share (usd per share) $ 1.58 $ 2.27
Diluted earnings per common share (usd per share) $ 1.55 $ 2.18