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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans $ 76,025 $ 70,462
Interest and dividends on investment securities:    
Taxable 1,873 1,088
Tax-exempt 709 766
Dividends 214 256
Interest on federal funds sold and other short-term investments 120 49
Total interest income 78,941 72,621
Interest expense    
Deposits 5,010 7,585
Borrowings 3,573 3,873
Total interest expense 8,583 11,458
Net interest income 70,358 61,163
Provision for (reversal of) credit losses 1,450 (5,766)
Net interest income after provision for (reversal of) credit losses 68,908 66,929
Noninterest income    
Deposit, loan and other income 1,743 1,168
Income on bank owned life insurance 1,206 1,064
Net gains on sale of loans held-for-sale 701 707
Gain on sale of branches 674
Net losses on equity securities (596) (187)
Total noninterest income 3,054 3,426
Noninterest expenses    
Salaries and employee benefits 18,783 15,632
Occupancy and equipment 1,929 3,404
FDIC insurance 606 935
Professional and consulting 1,792 1,956
Marketing and advertising 351 241
Information technology and communications 2,866 2,525
Amortization of core deposit intangibles 433 507
Other components of net periodic pension expense (143) (67)
Increase in value of acquisition price 683
Other expenses 1,930 1,352
Total noninterest expenses 29,230 26,485
Income before income tax expense 42,732 43,870
Income tax expense 11,351 10,871
Net income 31,381 32,999
Preferred dividends 1,509
Net income available to common stockholders $ 29,872 $ 32,999
Earnings per common share    
Basic (in Dollars per share) $ 0.76 $ 0.83
Diluted (in Dollars per share) $ 0.75 $ 0.82