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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income:        
Loans $ 242,573 $ 239,927 $ 483,905 $ 477,056
Investment securities 23,720 23,258 47,248 47,380
Money market investments and interest-bearing cash accounts 11,897 9,060 24,102 16,314
Total interest and dividend income 278,190 272,245 555,255 540,750
Interest expense:        
Deposits 58,638 63,671 117,135 126,696
Short-term borrowings 0 0 76 0
Long-term borrowings 3,693 8,946 9,788 17,906
Total interest expense 62,331 72,617 126,999 144,602
Net interest income 215,859 199,628 428,256 396,148
Provision for credit losses - expense (benefit):        
Loans and finance leases 20,381 11,930 45,218 24,847
Unfunded loan commitments 287 (417) 224 (136)
Debt securities (81) 92 (45) (939)
Provision for credit losses - expense 20,587 11,605 45,397 23,772
Net interest income after provision for credit losses 195,272 188,023 382,859 372,376
Non-interest income:        
Service charges and fees on deposit accounts 9,756 9,725 19,396 19,387
Mortgage banking activities 3,401 3,419 6,578 6,301
Insurance commission income 2,538 2,786 8,343 8,293
Card and processing income 11,880 11,523 23,355 22,835
Other non-interest income 3,375 4,585 9,012 9,205
Total non-interest income 30,950 32,038 66,684 66,021
Non-interest expenses:        
Employees' compensation and benefits 60,058 57,456 122,195 116,962
Occupancy and equipment 22,297 21,851 44,927 43,232
Business promotion 3,495 4,359 6,773 8,201
Professional service fees 11,609 12,431 23,095 25,107
Taxes, other than income taxes 5,712 5,408 11,590 10,537
FDIC deposit insurance 2,235 2,316 4,471 5,418
Net gain on OREO operations (591) (3,609) (1,720) (5,061)
Credit and debit card processing expenses 7,747 7,607 12,857 13,358
Communications 2,208 2,261 4,453 4,358
Other non-interest expenses 8,567 8,602 17,718 17,493
Total non-interest expenses 123,337 118,682 246,359 239,605
Income before income taxes 102,885 101,379 203,184 198,792
Income tax expense 22,705 25,541 45,945 49,496
Net income 80,180 75,838 157,239 149,296
Net income attributable to common stockholders $ 80,180 $ 75,838 $ 157,239 $ 149,296
Net income per common share:        
Basic $ 0.50 $ 0.46 $ 0.97 $ 0.90
Diluted $ 0.50 $ 0.46 $ 0.97 $ 0.90