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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME:      
Interest and fees on loans $ 174,275 $ 189,832 $ 192,417
Taxable interest on investment securities 40,627 17,492 17,541
Nontaxable interest on investment securities 3,488 3,899 3,659
Interest on interest earning deposits 9,067 1,608 703
Total interest income 227,457 212,831 214,320
INTEREST EXPENSE:      
Deposits 6,772 6,160 12,265
Junior subordinated debentures 1,156 742 890
Other borrowings 144 140 168
Total interest expense 8,072 7,042 13,323
Net interest income 219,385 205,789 200,997
Net interest income after (reversal of) provision for credit losses 220,811 235,161 164,891
NONINTEREST INCOME:      
Gain (loss) on sale of investment securities, net (256) 29 1,518
Gain on sale of loans, net 633 3,644 5,044
Interest rate swap fees 402 661 1,691
Gain (Loss) on Disposition of Other Assets 469 4,405 955
Other income 5,321 5,824 7,474
Total noninterest income 29,591 34,615 37,229
NONINTEREST EXPENSE:      
Compensation and employee benefits 92,092 88,765 88,106
Occupancy and equipment 17,465 17,243 17,611
Data processing 16,800 16,533 14,449
Marketing 1,643 2,143 3,100
Professional services 2,497 3,846 5,921
Federal deposit insurance premium 2,015 2,106 1,789
Amortization of intangible assets 2,750 3,111 3,525
Other expense 12,070 11,638 10,830
Total noninterest expense 150,966 149,269 148,940
Income before income taxes 99,436 120,507 53,180
Income tax expense 17,561 22,472 6,610
Net income $ 81,875 $ 98,035 $ 46,570
Earnings Per Share, Basic $ 2.33 $ 2.75 $ 1.29
Diluted earnings per common share (in usd per share) 2.31 2.73 1.29
Dividends declared per common share (in usd per share) $ 0.84 $ 0.81 $ 0.80
Average number of basic shares outstanding (in shares) 35,103,465 35,677,851 36,014,445
Average number of diluted shares outstanding (in shares) 35,463,896 35,973,386 36,170,066
(Reversal of) provision for credit losses $ (1,426) $ (29,372) $ 36,106
Total Deposit Fees and Other Service Charges 10,390 9,207 8,995
Card Revenue 8,885 8,325 7,233
Taxes, Miscellaneous 3,634 3,884 3,754
Bank Owned Life Insurance Income 3,747 2,520 4,319
Foreclosed Real Estate Expense $ 0 $ 0 $ (145)