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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and fees on loans      
Taxable $ 170,081 $ 176,538 $ 196,733
Tax exempt 470 647 951
Interest and dividends on securities      
Taxable 9,086 6,973 8,909
Tax exempt 13,033 8,577 7,127
Interest on short-term investments 549 368 1,490
Total interest income 193,219 193,103 215,210
Interest on deposits 14,827 29,342 57,148
Interest on borrowings      
Short-term 7 506 1,311
Long-term 297 247 1,704
Total interest expense 15,131 30,095 60,163
NET INTEREST INCOME 178,088 163,008 155,047
Provision for credit losses 1,077 14,770 3,235
CREDIT LOSSES 177,011 148,238 151,812
NONINTEREST INCOME      
Wealth advisory fees 8,750 7,468 6,835
Investment brokerage fees 1,975 1,670 1,687
Service charges on deposit accounts 10,608 10,110 15,717
Loan and service fees 11,922 10,085 9,911
Merchant and interchange fee income 3,023 2,408 2,641
Bank owned life insurance income 2,467 2,105 1,890
Interest rate swap fee income 1,035 5,089 1,691
Mortgage banking income 1,418 3,911 1,626
Net securities gains 797 433 142
Other income 2,725 3,564 2,857
Total noninterest income 44,720 46,843 44,997
NONINTEREST EXPENSE      
Salaries and employee benefits 57,882 49,413 48,742
Net occupancy expense 5,728 5,851 5,295
Equipment costs 5,530 5,766 5,521
Data processing fees and supplies 12,674 11,864 10,407
Corporate and business development 4,262 3,093 4,371
FDIC insurance and other regulatory fees 2,242 1,707 638
Professional fees 7,064 5,314 4,644
Other expense 8,905 8,197 9,806
Total noninterest expense 104,287 91,205 89,424
INCOME BEFORE INCOME TAX EXPENSE 117,444 103,876 107,385
Income tax expense 21,711 19,539 20,338
NET INCOME $ 95,733 $ 84,337 $ 87,047
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares) 25,475,994 25,469,242 25,588,404
BASIC EARNINGS PER COMMON SHARE (in USD per share) $ 3.76 $ 3.31 $ 3.40
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares) 25,620,105 25,573,941 25,758,893
DILUTED EARNINGS PER COMMON SHARE (in USD per share) $ 3.74 $ 3.30 $ 3.38