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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans $ 128,311 $ 107,565
Mortgage-backed securities 10,074 4,321
Investment securities and other 10,600 1,063
Total interest income 148,985 112,949
Interest expense:    
Deposits 12,497 7,041
Advances from FHLB and other borrowings 591 193
Subordinated capital notes 0 521
Total interest expense 13,088 7,755
Net interest income 135,897 105,194
Provision for credit losses 9,445 1,551
Net interest income after provision for credit losses 126,452 103,643
Non-interest income:    
Banking service revenue 17,513 17,562
Wealth management revenue 7,120 7,857
Mortgage banking activities 3,898 5,782
Total banking and financial service revenues 28,531 31,201
Other non-interest income 370 405
Total non-interest income 28,901 31,606
Non-interest expense:    
Compensation and employee benefits 38,473 34,768
Occupancy, equipment and infrastructure costs 14,257 11,916
Electronic banking charges 10,337 9,786
Information technology expenses 6,418 4,804
Professional and service fees 5,064 5,421
Taxes, other than payroll and income taxes 3,273 3,307
Insurance 2,918 2,635
Loan servicing and clearing expenses 2,267 1,922
Advertising, business promotion, and strategic initiatives 2,036 2,062
Communication 1,029 1,116
Printing, postage, stationery and supplies 730 1,092
Director and investor relations 258 249
Foreclosed real estate and other repossessed assets expenses (income), net 793 (1,482)
Other 2,367 3,559
Total non-interest expense 90,220 81,155
Income before income taxes 65,133 54,094
Income tax expense 18,904 16,573
Net income available to common shareholders $ 46,229 $ 37,521
Earnings per common share:    
Basic (in dollars per share) $ 0.97 $ 0.77
Diluted (in dollars per share) $ 0.96 $ 0.76
Average common shares outstanding and equivalents (in shares) 47,944 49,484
Cash dividends per share of common stock (in dollars per share) $ 0.22 $ 0.15