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Consolidated Statements of Income (Unaudited) - 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        
Interest and fees on loans $ 149,354 $ 166,979 $ 295,859 $ 328,921
Debt securities 16,883 15,408 33,989 29,103
Deposits in financial institutions and federal funds sold 8,039 7,722 17,283 15,772
Equity securities and other investments 847 1,138 1,717 2,038
Total interest and dividend income 175,123 191,247 348,848 375,834
INTEREST EXPENSE        
Transaction and savings deposits 48,080 45,619 93,245 92,403
Certificates and other time deposits 28,539 44,811 58,807 85,303
Advances from FHLB 113 1,468 140 2,859
Subordinated debentures and subordinated notes 2,056 3,113 4,880 6,227
Total interest expense 78,788 95,011 157,072 186,792
NET INTEREST INCOME 96,335 96,236 191,776 189,042
Provision for credit losses on loans 1,750 8,250 5,750 15,750
Provision (benefit) for credit losses on unfunded commitments 1,500 0 2,800 (1,541)
Net interest income after provision (benefit) for credit losses 93,085 87,986 183,226 174,833
NONINTEREST INCOME        
Service charges and fees on deposit accounts 5,702 4,974 11,313 9,870
Loan fees 2,735 2,207 5,230 4,717
Loss on sales of debt securities 0 0 0 (6,304)
Government guaranteed loan income, net 1,688 1,320 4,989 3,934
Customer swap income 1,550 326 2,250 775
Other 1,824 1,751 4,006 4,248
Total noninterest income 13,499 10,578 27,788 17,240
NONINTEREST EXPENSE        
Salaries and employee benefits 34,957 32,790 71,581 66,155
Occupancy and equipment 4,511 4,585 9,161 9,262
Professional and regulatory fees 5,558 5,617 10,489 11,670
Data processing and software expense 5,507 5,097 10,910 9,953
Marketing 2,612 1,976 4,644 3,522
Amortization of intangibles 2,438 2,438 4,876 4,876
Telephone and communications 233 365 563 626
Other 11,346 10,273 21,772 19,193
Total noninterest expense 67,162 63,141 133,996 125,257
Income before income tax expense 39,422 35,423 77,018 66,816
Provision for income taxes 8,516 8,221 17,042 15,458
NET INCOME $ 30,906 $ 27,202 $ 59,976 $ 51,358
Basic EPS (in dollars per share) $ 0.57 $ 0.50 $ 1.10 $ 0.94
Diluted EPS (in dollars per share) $ 0.56 $ 0.50 $ 1.09 $ 0.94