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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest, fee and dividend income        
Interest and fees on loans $ 122,097 $ 85,266 $ 329,931 $ 237,148
Securities available for sale 7,495 7,665 22,604 21,822
Securities held to maturity 5,281 4,854 15,307 12,532
Other 2,221 1,429 4,033 3,396
Total interest, fee and dividend income 137,094 99,214 371,875 274,898
Interest expense        
Deposits 30,758 2,233 61,888 5,831
Short-term borrowings 7,612 84 20,657 113
Long-term debt 294 20 631 140
Subordinated debt 1,612 1,360 4,281 4,078
Junior subordinated debt 1,923 1,039 5,372 2,325
Total interest expense 42,199 4,736 92,829 12,487
Net interest income 94,895 94,478 279,046 262,411
Provision for loan losses 12,633 4,484 20,148 9,470
Net interest income after provision for loan losses 82,262 89,994 258,898 252,941
Noninterest income        
Service charges on deposit accounts 3,979 3,581 11,260 11,032
Card services income 5,503 5,654 15,469 24,100
Retirement plan administration fees 12,798 11,496 35,995 37,451
Wealth management 9,297 8,402 25,611 25,294
Insurance services 4,361 3,892 12,008 11,258
Bank owned life insurance income 1,568 1,560 4,974 4,625
Net securities (losses) (183) (148) (9,822) (914)
Other 2,913 2,735 8,195 8,641
Total noninterest income 40,236 37,172 103,690 121,487
Noninterest expense        
Salaries and employee benefits 49,248 48,371 144,237 140,595
Technology and data services 9,677 9,096 27,989 26,588
Occupancy 7,090 6,481 21,233 19,761
Professional fees and outside services 4,149 3,817 12,486 11,999
Office supplies and postage 1,700 1,469 5,004 4,441
FDIC assessment 1,657 787 4,397 2,399
Advertising 667 559 1,841 1,943
Amortization of intangible assets 1,609 544 2,603 1,725
Loan collection and other real estate owned, net 569 549 2,115 1,690
Acquisition expenses 7,917 0 9,724 0
Other 6,514 5,021 17,284 13,815
Total noninterest expense 90,797 76,694 248,913 224,956
Income before income tax expense 31,701 50,472 113,675 149,472
Income tax expense 7,095 11,499 25,339 33,598
Net income $ 24,606 $ 38,973 $ 88,336 $ 115,874
Earnings per share        
Basic (in dollars per share) $ 0.54 $ 0.91 $ 2.02 $ 2.7
Diluted (in dollars per share) $ 0.54 $ 0.9 $ 2.01 $ 2.68