XML 30 R5.htm IDEA: XBRL DOCUMENT v3.22.4
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 $ 200,280 $ 193,778 $ 186,129
Interest and dividends on investment securities:      
Taxable investment securities 28,041 22,430 23,302
Tax-exempt investment securities 3,204 1,972 2,392
Dividend income on investment securities 21 75 69
Interest on deposits in other financial institutions 740 262 46
Dividend income on FHLB stock 370 245 480
Total interest income 232,656 218,762 212,418
Interest on deposits:      
Demand 806 384 510
Savings and money market 4,188 1,240 2,416
Time 6,114 1,992 7,489
Interest on short-term borrowings 1,055 2 718
Interest on long-term debt 4,930 4,097 3,602
Total interest expense 17,093 7,715 14,735
Net interest income 215,563 211,047 197,683
Provision for credit losses (1,273) (14,591) 42,111
Net interest income after provision for credit losses 216,836 225,638 155,572
Other operating income:      
Mortgage banking income 3,810 7,732 13,682
Service charges on deposit accounts 8,197 6,358 6,234
Other service charges and fees 19,025 18,367 14,867
Income from fiduciary activities 4,565 5,075 4,829
Income from bank-owned life insurance 1,865 3,493 3,803
Net gains (losses) on sales of investment securities 8,506 150 (201)
Other 1,951 1,885 1,984
Total other operating income 47,919 43,060 45,198
Other operating expense:      
Salaries and employee benefits 88,781 90,213 83,848
Net occupancy 16,963 16,133 15,162
Legal and professional services 10,792 10,452 9,035
Computer software expense 14,840 13,304 12,717
Communication expense 2,958 3,271 3,225
Equipment 4,238 4,344 4,531
Advertising expense 4,151 5,495 3,791
Other 23,263 19,834 19,428
Total other operating expense 165,986 163,046 151,737
Income before income taxes 98,769 105,652 49,033
Income tax expense 24,841 25,758 11,760
Net income $ 73,928 $ 79,894 $ 37,273
Per common share data:      
Basic earnings per share (in dollars per share) $ 2.70 $ 2.85 $ 1.33
Diluted earnings per share (in dollars per share) 2.68 2.83 1.32
Cash dividends declared (in dollars per share) $ 1.04 $ 0.96 $ 0.92