XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest Income      
Loans $ 1,007,112,000 $ 1,113,397,000 $ 959,714,000
Mortgage loans in process of securitization 21,074,000 14,488,000 12,652,000
Investment securities:      
Available for sale 47,511,000 57,480,000 21,621,000
Held to maturity 93,133,000 90,075,000 69,983,000
FHLB stock and other equity securities (dividends) 18,001,000 9,372,000 2,205,000
Other 14,020,000 17,908,000 11,623,000
Total interest income 1,200,851,000 1,302,720,000 1,077,798,000
Interest Expense      
Deposits 521,348,000 660,357,000 577,210,000
Short-term borrowings 130,554,000 84,698,000 23,726,000
Long-term borrowings 31,890,000 35,045,000 28,791,000
Total interest expense 683,792,000 780,100,000 629,727,000
Net Interest Income 517,059,000 522,620,000 448,071,000
Provision for credit losses 117,754,000 24,278,000 40,231,000
Net Interest Income After Provision for Credit Losses 399,305,000 498,342,000 407,840,000
Noninterest Income      
Gain on sale of loans 85,362,000 62,275,000 48,183,000
Loan servicing fees, net 22,369,000 43,673,000 26,198,000
Mortgage warehouse fees 7,089,000 5,539,000 7,701,000
Losses on sale of investments available for sale (includes $0, $(108) and $0 related to accumulated other comprehensive loss reclassifications)   (108,000)  
Syndication and asset management fees 23,640,000 19,693,000 12,355,000
Other income 25,928,000 17,040,000 20,231,000
Total noninterest income 164,388,000 148,112,000 114,668,000
Noninterest Expense      
Salaries and employee benefits 166,512,000 130,723,000 108,181,000
Loan expense 4,207,000 3,767,000 3,409,000
Occupancy and equipment 10,680,000 8,991,000 9,220,000
Professional fees 12,860,000 16,229,000 12,704,000
Deposit insurance expense 31,796,000 26,158,000 13,582,000
Technology expense 10,039,000 7,819,000 6,515,000
Credit risk transfer premium expense 21,021,000 6,320,000  
Other expense 42,778,000 23,805,000 20,990,000
Total noninterest expense 299,893,000 223,812,000 174,601,000
Income Before Income Taxes 263,800,000 422,642,000 347,907,000
Provision for income taxes (includes $0, $26 and $0 of income tax benefit related to accumulated other comprehensive loss reclassifications) 45,030,000 102,256,000 68,673,000
Net Income 218,770,000 320,386,000 279,234,000
Dividends on preferred stock (41,062,000) (34,909,000) (34,670,000)
Preferred stock redemption (4,156,000) (1,823,000)  
Net Income Allocated to Common Shareholders $ 173,552,000 $ 283,654,000 $ 244,564,000
Basic Earnings Per Share (in dollars per share) $ 3.78 $ 6.32 $ 5.66
Diluted Earnings Per Share (in dollars per share) $ 3.78 $ 6.3 $ 5.64
Weighted-Average Shares Outstanding      
Basic (in shares) 45,871,698 44,855,100 43,224,042
Diluted (in shares) 45,942,730 45,004,786 43,345,799