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Non-interest Income and Expense

12 Months Ended

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

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