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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 dividend income      
Interest and fees on loans $ 218,781 $ 209,114 $ 206,899
Investment securities-taxable 14,555 11,302 11,975
Investment securities-nontaxable 6,337 5,428 3,327
Interest and dividend income on assets held in other financial institutions 1,983 2,858 4,881
Total interest and dividend income 241,656 228,702 227,082
Interest expense      
Interest-bearing deposits 13,418 27,150 44,716
FHLB advances and other borrowings 4,654 5,895 8,097
Subordinated indebtedness 7,332 4,121 557
Total interest expense 25,404 37,166 53,370
Net interest income 216,252 191,536 173,712
Provision for credit losses (10,765) 59,900 9,568
Net interest income after provision for credit losses 227,017 131,636 164,144
Noninterest income      
Mortgage banking revenue 12,927 29,603 12,309
Gain on sales of securities, net 1,748 580 20
Loss on sales and disposals of other assets, net (185) (1,213) (333)
Limited partnership investment income (loss) 5,701 78 (6)
Swap fee income 814 2,546 2,185
Other fee income 2,879 2,253 1,490
Other income 10,162 5,061 4,777
Total noninterest income 62,193 64,652 46,478
Noninterest expense      
Salaries and employee benefits 93,026 91,105 88,974
Occupancy and equipment, net 17,347 17,022 16,759
Data processing 9,117 8,321 6,961
Electronic banking 3,563 3,686 3,441
Communications 1,574 1,767 2,098
Advertising and marketing 3,438 3,710 3,808
Professional services 3,644 3,975 3,577
Regulatory assessments 2,904 3,826 1,694
Loan-related expenses 7,688 6,316 4,174
Office and operations 6,399 5,624 6,674
Intangible asset amortization 844 1,060 1,321
Franchise tax expense 2,538 2,186 2,160
Other expenses 4,697 3,337 2,433
Total noninterest expense 156,779 151,935 144,074
Income before income tax expense 132,431 44,353 66,548
Income tax expense 23,885 7,996 12,666
Net income $ 108,546 $ 36,357 $ 53,882
Basic earnings per common share (in dollars per share) $ 4.63 $ 1.56 $ 2.30
Diluted earnings per common share (in dollars per share) $ 4.60 $ 1.55 $ 2.28
Service charges and fees      
Noninterest income      
Revenue from contracts with customers $ 15,049 $ 12,998 $ 13,859
Insurance commission and fee income      
Noninterest income      
Revenue from contracts with customers $ 13,098 $ 12,746 $ 12,177