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Non-interest Income and Expense | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
Non-interest Income and Expense | Non-interest Income and Expense The components of other non-interest income were as follows:
| Year Ended December 31,
(in thousands) | 2023 |  | 2022 |  | 2021
ATM and interchange fees | $ | 26,459 |  |  | $ | 26,767 |  |  | $ | 25,356 |
Service charges on deposit accounts | 17,595 |  |  | 16,536 |  |  | 14,013 |
Other service fees | 4,732 |  |  | 4,274 |  |  | 3,570 |
Mortgage banking service fees | 1,808 |  |  | 1,887 |  |  | 1,881 |
Change in value of mortgage loan servicing rights | (506) |  |  | 301 |  |  | (872) |
Total service charges and fees | 50,088 |  |  | 49,765 |  |  | 43,948 |
Asset management and commission income | 4,517 |  |  | 3,986 |  |  | 3,668 |
Increase in cash value of life insurance | 3,150 |  |  | 2,858 |  |  | 2,775 |
Gain on sale of loans | 1,166 |  |  | 2,342 |  |  | 9,580 |
Lease brokerage income | 441 |  |  | 820 |  |  | 746 |
Sale of customer checks | 1,383 |  |  | 1,167 |  |  | 459 |
Loss on sale of investment securities | (284) |  |  | — |  |  | — |
Gain (loss) on marketable equity securities | 36 |  |  | (340) |  |  | (86) |
Other | 903 |  |  | 2,448 |  |  | 2,574 |
Total other noninterest income | 11,312 |  |  | 13,281 |  |  | 19,716 |
Total noninterest income | $ | 61,400 |  |  | $ | 63,046 |  |  | $ | 63,664 |
Mortgage banking servicing fee income (expense), net of change in value of mortgage loan servicing rights, totaling $1.3 million, $2.2 million, and $1.0 million were recorded within service charges and fees for the years ended December 31, 2023, 2022, and 2021, respectively. The components of noninterest expense were as follows:
| Year Ended December 31,
(in thousands) | 2023 |  | 2022 |  | 2021
Base salaries, net of deferred loan origination costs | $ | 94,564 |  |  | $ | 84,861 |  |  | $ | 69,844 |
Incentive compensation | 15,557 |  |  | 17,908 |  |  | 14,957 |
Benefits and other compensation costs | 25,674 |  |  | 27,083 |  |  | 21,550 |
Total salaries and benefits expense | 135,795 |  |  | 129,852 |  |  | 106,351 |
Occupancy | 16,135 |  |  | 15,493 |  |  | 14,910 |
Data processing and software | 18,933 |  |  | 14,660 |  |  | 13,985 |
Equipment | 5,644 |  |  | 5,733 |  |  | 5,358 |
ATM and POS network charges | 7,080 |  |  | 6,984 |  |  | 6,040 |
Merger and acquisition expense | — |  |  | 6,253 |  |  | 1,523 |
Advertising | 3,531 |  |  | 3,694 |  |  | 2,899 |
Professional fees | 7,358 |  |  | 4,392 |  |  | 3,657 |
Intangible amortization | 6,118 |  |  | 6,334 |  |  | 5,464 |
Telecommunications | 2,547 |  |  | 2,298 |  |  | 2,253 |
Regulatory assessments and insurance | 5,276 |  |  | 3,142 |  |  | 2,581 |
Courier service | 1,851 |  |  | 2,013 |  |  | 1,214 |
Operational losses | 2,444 |  |  | 1,000 |  |  | 964 |
Postage | 1,236 |  |  | 1,147 |  |  | 710 |
Gain on sale or acquisition of foreclosed assets | (133) |  |  | (481) |  |  | (233) |
Loss (gain) on disposal of fixed assets | 23 |  |  | (1,070) |  |  | (439) |
Other miscellaneous expense | 19,344 |  |  | 15,201 |  |  | 11,038 |
Total other noninterest expense | 97,387 |  |  | 86,793 |  |  | 71,924 |
Total noninterest expense | $ | 233,182 |  |  | $ | 216,645 |  |  | $ | 178,275 |

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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