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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Interest and fees on loans $ 137,994 $ 120,850
Interest and dividends on investment securities 12,680 13,545
Interest on balances with other banks and short-term investments 24,862 5,774
Interest on federal funds sold 66 78
Total interest income 175,602 140,247
Interest Expense    
Interest on deposits 79,383 48,954
Interest on customer repurchase agreements 315 302
Interest on borrowings 21,206 15,967
Total interest expense 100,904 65,223
Net Interest Income 74,698 75,024
Provision for Credit Losses 35,175 6,164
Provision for Credit Losses for Unfunded Commitments 456 848
Net Interest Income After Provision for Credit Losses 39,067 68,012
Noninterest Income    
Service charges on deposits 1,699 1,510
Gain on sale of loans 0 305
Net gain (loss) on sale of investment securities 4 (21)
Increase in the cash surrender value of bank-owned life insurance 703 655
Other income 1,183 1,251
Total noninterest income 3,589 3,700
Noninterest Expense    
Salaries and employee benefits 21,726 24,174
Premises and equipment expenses 3,059 3,317
Marketing and advertising 859 636
Data processing 3,293 3,099
Legal, accounting and professional fees 2,507 3,254
FDIC insurance 6,412 1,486
Other expenses 2,141 4,618
Total noninterest expense 39,997 40,584
Income Before Income Tax Expense 2,659 31,128
Income Tax Expense 2,997 6,894
Net (Loss) Income $ (338) $ 24,234
(Loss) Earnings Per Common Share    
Basic (in dollars per share) $ (0.01) $ 0.78
Diluted (in dollars per share) $ (0.01) $ 0.78