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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Loans $ 135,518 $ 111,357 $ 263,829 $ 218,922
Mortgage-backed securities 10,593 7,438 20,667 11,759
Investment securities and other 11,877 3,427 22,477 4,490
Total interest income 157,988 122,222 306,973 235,171
Interest expense:        
Deposits 15,916 6,944 28,413 13,985
Advances from FHLB and other borrowings 2,428 184 3,019 377
Subordinated capital notes 0 0 0 521
Total interest expense 18,344 7,128 31,432 14,883
Net interest income 139,644 115,094 275,541 220,288
Provision for credit losses 15,044 6,691 24,489 8,242
Net interest income after provision for credit losses 124,600 108,403 251,052 212,046
Non-interest income:        
Banking service revenue 17,440 18,141 34,953 35,703
Wealth management revenue 8,194 8,270 15,314 16,127
Mortgage banking activities 5,225 4,803 9,123 10,585
Total banking and financial service revenues 30,859 31,214 59,390 62,415
Sale of securities (1,149) 0 (1,149) 0
Gain on early extinguishment of debt 0 0 0 42
Other non-interest income 363 4,996 733 5,359
Total non-interest income 30,073 36,210 58,974 67,816
Non-interest expense:        
Compensation and employee benefits 37,841 34,730 76,314 69,498
Occupancy, equipment and infrastructure costs 14,362 12,861 28,619 24,777
Electronic banking charges 10,262 9,722 20,598 19,508
Information technology expenses 7,188 5,528 13,606 10,332
Professional and service fees 5,319 7,362 10,383 12,783
Taxes, other than payroll and income taxes 3,265 3,266 6,538 6,573
Insurance 2,689 2,429 5,606 5,064
Loan servicing and clearing expenses 1,866 2,243 4,133 4,165
Advertising, business promotion, and strategic initiatives 2,063 1,827 4,098 3,889
Communication 1,160 1,132 2,189 2,248
Printing, postage, stationery and supplies 866 785 1,596 1,877
Director and investor relations 520 346 778 595
Foreclosed real estate and other repossessed assets income, net of expenses (2,320) (1,404) (1,527) (2,886)
Other 3,807 4,431 6,177 7,990
Total non-interest expense 88,888 85,258 179,108 166,413
Income before income taxes 65,785 59,355 130,918 113,449
Income tax expense 21,612 18,923 40,516 35,496
Net income available to common shareholders $ 44,173 $ 40,432 $ 90,402 $ 77,953
Earnings per common share:        
Basic (in dollars per share) $ 0.93 $ 0.84 $ 1.91 $ 1.61
Diluted (in dollars per share) $ 0.93 $ 0.84 $ 1.89 $ 1.59
Average common shares outstanding and equivalents (in shares) 47,490 48,389 47,716 48,933
Cash dividends per share of common stock (in dollars per share) $ 0.22 $ 0.15 $ 0.44 $ 0.30