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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Interest and fees on loans $ 287,477 $ 252,097 $ 284,959
Interest and dividends on investment securities:      
Taxable interest income 66,140 41,787 35,364
Non-taxable interest income 3,272 3,765 4,552
Other interest income 3,097 1,151 1,723
Total interest income 359,986 298,800 326,598
Interest expense      
Deposits 16,112 12,583 30,691
Federal funds purchased and securities sold under agreements to repurchase 1,475 227 660
Short-term borrowings 1,647 279 234
Long-term debt 1,310 657 525
Senior notes 637 1,598 1,598
Subordinated notes 12,338 9,918 6,995
Junior subordinated debt owed to unconsolidated trusts 3,029 2,840 2,960
Total interest expense 36,548 28,102 43,663
Net interest income 323,438 270,698 282,935
Provision for credit losses 4,623 (15,101) 38,797
Net interest income after provision for credit losses 318,815 285,799 244,138
Noninterest income      
Mortgage revenue 1,895 7,239 13,038
Income on bank owned life insurance 3,663 5,166 5,380
Realized net gains (losses) on securities 50 29 1,724
Unrealized net gains (losses) recognized on equity securities (2,183) 3,041 (393)
Other income 14,822 10,292 8,356
Total noninterest income 126,803 132,804 118,265
Noninterest expense      
Salaries, wages, and employee benefits 159,016 145,312 126,719
Data processing 21,648 21,862 16,426
Net occupancy expense of premises 19,130 18,346 17,607
Furniture and equipment expenses 7,645 8,301 9,550
Professional fees 6,125 7,549 8,396
Amortization of intangible assets 11,628 11,274 10,008
Interchange expense 6,298 5,792 4,810
Other expense 52,391 43,344 40,681
Total noninterest expense 283,881 261,780 234,197
Income before income taxes 161,737 156,823 128,206
Income taxes 33,426 33,374 27,862
Net income $ 128,311 $ 123,449 $ 100,344
Basic earnings per common share (in dollars per share) $ 2.32 $ 2.23 $ 1.84
Diluted earnings per common share (in dollars per share) 2.29 2.20 1.83
Dividends declared per share of common stock (in dollars per share) $ 0.92 $ 0.92 $ 0.88
Wealth management fees      
Noninterest income      
Non-interest income $ 55,378 $ 53,086 $ 42,928
Fees for customer services      
Noninterest income      
Non-interest income 33,111 35,604 31,604
Payment technology solutions      
Noninterest income      
Non-interest income $ 20,067 $ 18,347 $ 15,628