Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Interest and fees on loans $ 114,200 $ 128,006
Interest on deposits in other banks 131 77
Interest and dividends on securities:    
Taxable 13,666 10,353
Nontaxable 10,459 9,237
Total interest and dividend income 138,456 147,673
Interest expense:    
Interest on deposits 4,483 9,128
Interest on short-term borrowings 21 48
Interest on long-term borrowings 3,021 3,599
Total interest expense 7,525 12,775
Net interest income 130,931 134,898
Provision for credit losses 2,800 (13,624)
Net interest income after provision for credit losses 128,131 148,522
Noninterest income:    
Service charges on deposit accounts 7,596 5,509
Other service charges, commissions and fees 1,655 1,701
Interchange fees 1,810 1,847
Fiduciary and asset management fees 7,255 6,475
Mortgage banking income 3,117 8,255
Bank owned life insurance income 2,697 2,265
Loan-related interest rate swap fees 3,860 1,754
Other operating income 2,163 3,179
Total noninterest income 30,153 30,985
Noninterest expenses:    
Salaries and benefits 58,298 52,660
Occupancy expenses 6,883 7,315
Furniture and equipment expenses 3,597 3,968
Technology and data processing 7,796 6,904
Professional services 4,090 4,960
Marketing and advertising expense 2,163 2,044
FDIC assessment premiums and other insurance 2,485 2,307
Other taxes 4,499 4,436
Loan-related expenses 1,776 1,877
Amortization of intangible assets 3,039 3,730
Loss on debt extinguishment 0 14,695
Other expenses 10,695 7,041
Total noninterest expenses 105,321 111,937
Income from continuing operations before income taxes 52,963 67,570
Income tax expense 9,273 11,381
Net income 43,690 56,189
Dividends on preferred stock 2,967 2,967
Net Income available to common shareholders $ 40,723 $ 53,222
Basic earnings per common share $ 0.54 $ 0.67
Diluted earnings per common share 0.54 0.67
Dividends declared per common share $ 0.28 $ 0.25
Basic weighted average number of common shares outstanding 75,544,644 78,863,468
Diluted weighted average number of common shares outstanding 75,556,127 78,884,235