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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 $ 189,832 $ 192,417 $ 189,515
Taxable interest on investment securities 17,492 17,541 23,045
Nontaxable interest on investment securities 3,899 3,659 3,396
Interest on interest earning deposits 1,608 703 1,894
Total interest income 212,831 214,320 217,850
INTEREST EXPENSE:      
Deposits 6,160 12,265 16,349
Junior subordinated debentures 742 890 1,339
Other borrowings 140 168 480
Total interest expense 7,042 13,323 18,168
Net interest income 205,789 200,997 199,682
(Reversal of) provision for credit losses (29,372) 36,106 4,311
Net interest income after (reversal of) provision for credit losses 235,161 164,891 195,371
NONINTEREST INCOME:      
Service charges and other fees 17,597 16,228 18,712
Gain on sale of investment securities, net 29 1,518 330
Gain on sale of loans, net 3,644 5,044 2,424
Interest rate swap fees 661 1,691 1,232
Bank owned life insurance income 2,520 4,319 2,160
Gain (Loss) on Disposition of Other Assets 4,405 955 246
Other income 5,759 7,474 7,358
Total noninterest income 34,615 37,229 32,462
NONINTEREST EXPENSE:      
Compensation and employee benefits 89,880 88,106 87,568
Occupancy and equipment 17,243 17,611 17,644
Data processing 16,533 14,449 13,022
Marketing 3,039 3,100 3,481
Professional services 4,065 5,921 5,192
Taxes, Other 3,884 3,754 3,754
Federal deposit insurance premium 2,106 1,789 725
Other real estate owned, net 0 (145) 352
Amortization of intangible assets 3,111 3,525 4,001
Other expense 9,408 10,830 11,049
Total noninterest expense 149,269 148,940 146,788
Income before income taxes 120,507 53,180 81,045
Income tax expense 22,472 6,610 13,488
Net income $ 98,035 $ 46,570 $ 67,557
Basic earnings per common share (in usd per share) $ 2.75 $ 1.29 $ 1.84
Diluted earnings per common share (in usd per share) 2.73 1.29 1.83
Dividends declared per common share (in usd per share) $ 0.81 $ 0.80 $ 0.84
Average number of basic shares outstanding (in shares) 35,677,851 36,014,445 36,758,230
Average number of diluted shares outstanding (in shares) 35,973,386 36,170,066 36,985,766