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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans $ 107,565 $ 108,205
Mortgage-backed securities 4,321 2,041
Investment securities and other 1,063 730
Total interest income 112,949 110,976
Interest expense:    
Deposits 7,041 12,024
Advances from FHLB and other borrowings 193 459
Subordinated capital notes 521 295
Total interest expense 7,755 12,778
Net interest income 105,194 98,198
Provision for credit losses 1,551 6,324
Net interest income after provision for credit losses 103,643 91,874
Non-interest income:    
Banking service revenue 17,562 16,497
Wealth management revenue 7,857 7,388
Mortgage banking activities 5,782 5,573
Total banking and financial service revenues 31,201 29,458
Other non-interest income 405 955
Total non-interest income, net 31,606 30,413
Non-interest expense:    
Compensation and employee benefits 34,768 32,618
Occupancy, equipment and infrastructure costs 11,916 13,128
Electronic banking charges 9,786 8,232
Information technology expenses 4,804 4,254
Professional and service fees 5,421 4,536
Taxes, other than payroll and income taxes 3,307 3,661
Insurance 2,635 2,455
Foreclosed real estate and other repossessed assets income, net of expenses (1,482) (50)
Loan servicing and clearing expenses 1,922 1,841
Advertising, business promotion, and strategic initiatives 2,062 1,431
Communication 1,116 966
Printing, postage, stationary and supplies 1,092 1,217
Director and investor relations 249 300
Pandemic expenses 881 1,769
Other 2,678 1,308
Total non-interest expense 81,155 77,666
Income before income taxes 54,094 44,621
Income tax expense 16,573 14,248
Net income 37,521 30,373
Less: dividends on preferred stock 0 (1,255)
Income available to common shareholders $ 37,521 $ 29,118
Earnings per common share:    
Basic (in dollars per share) $ 0.77 $ 0.57
Diluted (in dollars per share) $ 0.76 $ 0.56
Average common shares outstanding and equivalents (in shares) 49,484 51,752
Cash dividends per share of common stock (in dollars per share) $ 0.15 $ 0.08