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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Interest and fees on loans and leases $ 383,308,000 $ 347,918,000 $ 237,156,000
Interest and dividends on investment securities:      
Taxable 14,909,000 14,225,000 11,432,000
Exempt from federal income taxes 33,000 58,000 58,000
Interest on deposits with other banks 11,193,000 6,660,000 1,920,000
Interest and dividends on other earning assets 2,912,000 2,869,000 1,627,000
Total interest income 412,355,000 371,730,000 252,193,000
Interest expense      
Interest on demand deposits 113,074,000 87,821,000 18,845,000
Interest on savings deposits 3,529,000 3,249,000 1,269,000
Interest on time deposits 64,266,000 34,979,000 5,308,000
Interest on short-term borrowings 249,000 7,095,000 1,389,000
Interest on long-term debt and subordinated notes 20,067,000 18,589,000 7,085,000
Total interest expense 201,185,000 151,733,000 33,896,000
Net interest income (expense) [1] 211,170,000 219,997,000 218,297,000
Provision for credit losses 5,933,000 10,770,000 12,198,000
Net interest income after provision for credit losses 205,237,000 209,227,000 206,099,000
Disaggregation of Revenue [Line Items]      
Insurance commission and fee income 22,349,000 21,043,000 19,065,000
Bank owned life insurance income [1] 3,861,000 3,185,000 3,787,000
Net gain on sales of investment securities 18,000 [1] 0 30,000 [1]
Net gain on mortgage banking activities [1] 5,265,000 3,689,000 4,412,000
Other income [2] 4,034,000 2,882,000 4,500,000
Total noninterest income 88,055,000 76,824,000 77,885,000
Noninterest expense      
Salaries, benefits and commissions 123,745,000 120,188,000 115,806,000
Net occupancy 11,025,000 10,686,000 10,193,000
Equipment 4,453,000 4,132,000 3,904,000
Data processing 16,956,000 16,799,000 15,215,000
Professional fees 6,402,000 7,141,000 9,332,000
Marketing and advertising 2,173,000 2,180,000 2,462,000
Deposit insurance premiums 4,432,000 4,825,000 3,075,000
Intangible expenses 694,000 938,000 1,293,000
Restructuring charges 0 1,519,000 184,000
Other expense 28,112,000 28,954,000 25,310,000
Total noninterest expense 197,992,000 197,362,000 186,774,000
Income before income taxes 95,300,000 88,689,000 97,210,000
Income tax expense 19,369,000 17,585,000 19,090,000
Net income $ 75,931,000 $ 71,104,000 $ 78,120,000
Net income per share:      
Basic (in dollars per share) $ 2.60 $ 2.42 $ 2.66
Diluted (in dollars per share) $ 2.58 $ 2.41 $ 2.64
Trust fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income $ 8,491,000 $ 7,732,000 $ 7,743,000
Service charges on deposit accounts      
Disaggregation of Revenue [Line Items]      
Noninterest income 8,082,000 7,048,000 6,175,000
Investment advisory commission and fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income 21,208,000 18,864,000 19,748,000
Other service fee income      
Disaggregation of Revenue [Line Items]      
Noninterest income [2] $ 14,747,000 $ 12,381,000 $ 12,425,000
[1] Net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives are excluded from the scope of FASB ASC 606 "Revenue from Contracts with Customers" ("FASB ASC 606"). Noninterest income streams that are out of scope of FASB ASC 606 include bank owned life insurance income, sales of investment securities and mortgage banking activities.
[2] Other service fee income and other income include certain items that are in scope and certain items that are out of scope of FASB ASC 606 as described further in the following paragraphs.