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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:      
Loans $ 890,562 $ 747,901 $ 719,153
Investment securities 102,505 102,922 72,893
Money market investments and interest-bearing cash accounts 30,419 11,791 2,662
Total interest and dividend income 1,023,486 862,614 794,708
Interest expense:      
Deposits 185,461 46,361 41,482
Advances from the FHLB:      
Short-term 4,811 1,475 0
Long-term 19,797 3,661 8,199
Other short-term borrowings 3 16 0
Other long-term borrowings 13,535 8,253 5,135
Total interest expense 226,376 67,321 64,779
Net interest income 797,110 795,293 729,929
Provision for credit losses - expense (benefit):      
Financing Receivable Excluding Accrued Interest Credit Loss Expense (Reversal) 66,644 25,679 (61,720)
Unfunded loan commitments 365 2,736 (3,568)
Debt securities (6,069) (719) (410)
Provision for credit losses - expense (benefit) 60,940 27,696 (65,698)
Net interest income after provision for credit losses 736,170 767,597 795,627
Non-interest income:      
Service charges and fees on deposit accounts 38,042 37,823 35,284
Mortgage banking activities 10,587 15,260 24,998
Gain on early extinguishment of debt 1,605 0 0
Insurance commission income 12,763 13,743 11,945
Card and processing income 43,909 40,416 36,508
Other non-interest income 25,788 15,850 12,429
Total non-interest income 132,694 123,092 121,164
Non-interest expenses:      
Employees' compensation and benefits 222,855 206,038 200,457
Occupancy and equipment 85,911 88,277 93,253
Business promotion 19,626 18,231 15,359
Professional service fees 45,841 47,848 59,956
Taxes, other than income taxes 21,236 20,267 22,151
Federal Deposit Insurance Corporation (FDIC) deposit insurance 14,873 6,149 6,544
Net gain on OREO operations (7,138) (5,826) (2,160)
Credit and debit card processing expenses 25,997 22,736 22,169
Communications 8,561 8,723 9,387
Merger and restructuring costs 0 0 26,435
Other non-interest expenses 33,666 30,662 35,423
Total non-interest expenses 471,428 443,105 488,974
Income before income taxes 397,436 447,584 427,817
Income tax expense 94,572 142,512 146,792
Net income 302,864 305,072 281,025
Net income attributable to common stockholders $ 302,864 $ 305,072 $ 277,338
Net income per common share:      
Basic $ 1.72 $ 1.60 $ 1.32
Diluted $ 1.71 $ 1.59 $ 1.31
Short-term Debt [Member]      
Interest expense:      
Securities sold under agreements to repurchase $ 2,769 $ 1,017 $ 0
Long-term Debt [Member]      
Interest expense:      
Securities sold under agreements to repurchase $ 0 $ 6,538 $ 9,963