XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Interest and fees on loans $ 293,546 $ 296,611 $ 255,479
Interest and dividends on investment securities:      
Taxable 4,413 6,456 9,131
Tax-exempt 2,403 2,797 3,929
Dividends 971 1,642 1,778
Interest on federal funds sold and other short-term investments 405 694 1,167
Total interest income 301,738 308,200 271,484
Interest expense:      
Deposits 24,768 52,386 65,570
Borrowings 14,092 17,823 19,595
Total interest expense 38,860 70,209 85,165
Net interest income 262,878 237,991 186,319
(Reversal of) provision for credit losses (5,500) 41,000 8,100
Net interest income after provision for credit losses 268,378 196,991 178,219
Noninterest income:      
Deposit, loan and other income 6,617 7,077 4,025
Income on bank owned life insurance 4,771 5,007 3,484
Net gains on sale of loans held-for-sale 3,807 2,085 512
Gain on sale of branches 674
Net (losses) gains on equity securities (373) 202 294
Net gains (losses) on sale/redemption of investment securities 195 29 (280)
Total noninterest income 15,691 14,400 8,035
Noninterest expense:      
Salaries and employee benefits 64,341 58,877 49,021
Occupancy and equipment 11,638 13,882 9,712
FDIC insurance 2,665 4,002 2,011
Professional and consulting 8,286 7,383 5,506
Marketing and advertising 1,318 1,200 1,353
Data processing 6,265 6,008 4,503
Merger expenses 14,640 8,955
Loss on extinguishment of debt 1,047
Amortization of core deposit intangible 1,981 2,559 1,408
Other components of net periodic pension (income) expense (269) (119) 114
Increase in value of acquisition price 2,333
Other expenses 12,786 10,236 8,598
Total noninterest expenses 109,011 121,001 92,228
Income before income tax expense 175,058 90,390 94,026
Income tax expense 44,705 19,101 20,631
Net income 130,353 71,289 73,395
Preferred dividends 1,717
Net income available to common stockholders $ 128,636 $ 71,289 $ 73,395
Earnings per common share:      
Basic $ 3.24 $ 1.80 $ 2.08
Diluted $ 3.22 $ 1.79 $ 2.07