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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest Income:        
Interest and Fees on Loans $ 84,575 $ 58,846 $ 237,566 $ 148,668
Interest and Dividends on Non-taxable Securities 1,099 1,014 3,265 3,138
Interest and Dividends on Taxable Securities 3,954 3,186 11,667 9,049
Interest on Federal Funds Sold and Due From Banks 3,694 427 6,164 754
Total Interest Income 93,322 63,473 258,662 161,609
Interest Expense:        
Interest on Deposits 30,110 6,286 72,718 11,106
Interest on Borrowings 7,918 3,707 24,575 6,986
Total Interest Expense 38,028 9,993 97,293 18,092
Net Interest Income 55,294 53,480 161,369 143,517
Provision for Credit Losses 604 3,273 4,364 7,835
Net Interest Income after Provision for Credit Losses 54,690 50,207 157,005 135,682
Other Income:        
Service Charges on Deposit Accounts 2,540 2,116 7,234 6,007
Loss on Sales of Securities 0 (7) (62) (46)
Gain on Sales of Loans 321 264 1,426 515
Other Income 7,022 5,742 21,631 14,556
Total Other Income 9,883 8,115 30,229 21,032
Other Expenses:        
Salaries and Employee Benefits 22,487 21,906 68,002 63,017
Occupancy and Equipment Expense 5,445 5,122 15,558 14,449
Other Expenses 10,675 13,918 33,428 33,597
Total Other Expenses 38,607 40,946 116,988 111,063
Income Before Income Taxes 25,966 17,376 70,246 45,651
Provision for Income Taxes 5,511 3,576 15,027 9,363
Net Income 20,455 13,800 55,219 36,288
Preferred Stock Dividends 1,351 0 4,051 0
Net Income Available to Common Shareholders $ 19,104 $ 13,800 $ 51,168 $ 36,288
Earnings Per Common Share:        
Basic (in dollars per share) $ 0.76 $ 0.61 $ 2.04 $ 1.65
Diluted (in dollars per share) $ 0.76 $ 0.61 $ 2.02 $ 1.64