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Consolidated Statements of Income - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Interest and fees on loans $ 80,142 $ 88,704 $ 155,972 $ 177,942
Interest and dividends on investment securities 12,997 5,606 24,427 10,001
Interest on balances with other banks and short-term investments 2,451 603 3,508 1,156
Interest on federal funds sold 45 7 49 15
Total interest income 95,635 94,920 183,956 189,114
Interest Expense        
Interest on deposits 11,538 6,799 17,897 14,698
Interest on customer repurchase agreements 22 9 35 20
Interest on other short-term borrowings 120 501 580 996
Interest on long-term borrowings 1,037 2,979 2,074 6,117
Total interest expense 12,717 10,288 20,586 21,831
Net Interest Income 82,918 84,632 163,370 167,283
Provision for Loan, Lease, and Other Losses 495 (3,856) (2,292) (6,206)
Provision for (Reversal of) Credit Losses for Unfunded Commitments 553 (761) 542 (1,203)
Net Interest Income After Provision for (Reversal of) Credit Losses 81,870 89,249 165,120 174,692
Noninterest Income        
Service charges on deposits 1,345 1,122 2,631 2,099
Gain on sale of loans 855 3,478 2,347 8,656
Net (loss) gain on sale of investment securities (151) 318 (176) 539
Increase in the cash surrender value of bank-owned life insurance 632 398 1,258 787
Other income 2,883 5,609 6,957 9,431
Total noninterest income 5,564 10,925 13,017 21,512
Noninterest Expense        
Salaries and employee benefits 21,805 19,876 38,824 41,645
Premises and equipment expenses 3,523 3,644 6,651 7,262
Marketing and advertising 1,186 980 2,250 1,866
Data processing 2,729 2,751 5,609 5,565
Legal, accounting and professional fees 2,137 3,503 3,698 6,502
FDIC insurance 906 1,609 1,964 4,037
Other expenses 26,676 3,131 30,978 6,604
Total noninterest expense 58,962 35,494 89,974 73,481
Income Before Income Tax Expense 28,472 64,680 88,163 122,723
Income Tax Expense 12,776 16,687 26,723 31,261
Net Income $ 15,696 $ 47,993 $ 61,440 $ 91,462
Earnings Per Common Share        
Basic net income per common share (in dollars per share) $ 0.49 $ 1.50 $ 1.92 $ 2.87
Diluted net income per common share (in dollars per share) $ 0.49 $ 1.50 $ 1.91 $ 2.86