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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans $ 191,505 $ 180,241 $ 567,280 $ 503,006
Debt securities:        
Taxable 13,067 10,141 36,251 29,046
Nontaxable 5,921 5,700 17,484 16,956
Interest-earning deposits 5,348 4,509 13,306 7,799
Dividends on equity securities 463 315 1,350 1,029
Total interest income 216,304 200,906 635,671 557,836
Interest expense:        
Deposits 68,768 55,354 199,615 121,387
Subordinated debentures and notes 2,695 2,466 7,863 7,306
FHLB advances 59 141 1,649 2,752
Other borrowings 1,313 1,306 4,818 4,531
Total interest expense 72,835 59,267 213,945 135,976
Net interest income 143,469 141,639 421,726 421,860
Provision for credit losses 4,099 8,030 14,674 18,552
Net interest income after provision for credit losses 139,370 133,609 407,052 403,308
Noninterest income:        
Total noninterest income 21,420 12,085 49,072 43,273
Noninterest expense:        
Employee compensation and benefits 45,359 40,771 135,145  
Deposit costs 23,781 20,987 65,764  
Occupancy 4,372 4,198 12,895  
Data processing 5,548 3,830 15,226 11,201
Professional fees 1,595 1,407 4,328 4,604
Other expense 17,352 17,451 52,167 51,963
Total noninterest expense 98,007 88,644 285,525 255,583
Income before income tax expense 62,783 57,050 170,599 190,998
Income tax expense 12,198 12,385 34,167 41,468
Net income 50,585 44,665 136,432 149,530
Dividends on preferred stock 938 938 2,813 2,813
Net income available to common shareholders $ 49,647 $ 43,727 $ 133,619 $ 146,717
Earnings per common share        
Basic (usd per share) $ 1.33 $ 1.17 $ 3.57 $ 3.93
Diluted (usd per share) $ 1.32 $ 1.17 $ 3.56 $ 3.91
Deposit service charges        
Noninterest income:        
Total noninterest income $ 4,649 $ 4,187 $ 13,614 $ 12,225
Wealth management revenue        
Noninterest income:        
Total noninterest income 2,599 2,614 7,733 7,602
Card services revenue        
Noninterest income:        
Total noninterest income 2,573 2,560 7,482 7,362
Tax credit income (loss)        
Noninterest income:        
Total noninterest income 3,252 (2,673) 2,936 (492)
Other income        
Noninterest income:        
Total noninterest income $ 8,347 $ 5,397 $ 17,307 $ 16,576