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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME        
Interest and fees on loans $ 72,239 $ 50,957 $ 201,518 $ 154,325
Interest on investment securities:        
Taxable interest income 13,450 8,383 40,045 22,085
Tax-exempt interest income 1,115 686 3,267 1,483
Other, principally overnight investments 1,486 528 3,016 1,809
Total interest income 88,290 60,554 247,846 179,702
INTEREST EXPENSE        
Interest on deposits 1,848 1,626 5,204 6,013
Interest on borrowings 1,108 375 2,160 1,139
Total interest expense 2,956 2,001 7,364 7,152
Net interest income 85,334 58,553 240,482 172,550
Provision for (reversal of) credit losses 5,100 (1,400) 8,600 (1,400)
Provision for (reversal of) unfunded commitments 300 1,049 (1,200) 2,988
Total provision for credit losses 5,400 (351) 7,400 1,588
Net interest income after provision for credit losses 79,934 58,904 233,082 170,962
NONINTEREST INCOME        
Service charges on deposit accounts 4,166 3,209 11,407 8,766
Other service charges and fees 6,312 6,464 21,200 18,482
Fees from presold mortgage loans 376 2,096 1,951 8,914
Commissions from sales of insurance and financial products 1,391 1,198 3,487 5,854
SBA consulting fees 479 1,128 1,963 6,079
SBA loan sale gains 479 1,655 4,581 6,981
Bank-owned life insurance income 962 711 2,880 1,945
Other gains, net 2,747 50 5,958 1,533
Total noninterest income 16,912 16,511 53,427 58,554
NONINTEREST EXPENSES        
Salaries expense 24,416 20,651 71,669 61,969
Employee benefits expense 4,156 4,447 16,044 13,105
Total personnel expense 28,572 25,098 87,713 75,074
Occupancy expense 3,175 2,618 9,681 8,190
Equipment related expenses 1,672 1,125 4,490 3,223
Merger and acquisition expenses 548 254 4,769 665
Intangibles amortization expense 889 695 2,859 2,437
Foreclosed property losses (gains), net 0 23 (372) 7
Other operating expenses 13,844 11,004 40,423 32,271
Total noninterest expenses 48,700 40,817 149,563 121,867
Income before income taxes 48,146 34,598 136,946 107,649
Income tax expense 10,197 6,955 28,443 22,527
Net income $ 37,949 $ 27,643 $ 108,503 $ 85,122
Earnings per common share:        
Basic (in dollars per share) $ 1.06 $ 0.97 $ 3.04 $ 2.99
Diluted (in dollars per share) 1.06 0.97 3.04 2.99
Dividends declared per common share (in dollars per share) $ 0.22 $ 0.20 $ 0.66 $ 0.60
Weighted average common shares outstanding:        
Basic (in shares) 35,469,001 28,385,912 35,474,239 28,358,393
Diluted (in shares) 35,703,446 28,515,328 35,662,527 28,514,405