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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest Income      
Loans $ 1,113,397,000 $ 959,714,000 $ 451,973,000
Mortgage loans in process of securitization 14,488,000 12,652,000 8,407,000
Investment securities:      
Available for sale 57,480,000 21,621,000 2,807,000
Held to maturity 90,075,000 69,983,000 12,382,000
FHLB stock and other equity securities (dividends) 9,372,000 2,205,000 1,220,000
Other 17,908,000 11,623,000 4,044,000
Total interest income 1,302,720,000 1,077,798,000 480,833,000
Interest Expense      
Deposits 660,357,000 577,210,000 149,645,000
Short-term borrowings 84,698,000 23,726,000 8,296,000
Long-term borrowings 35,045,000 28,791,000 4,341,000
Total interest expense 780,100,000 629,727,000 162,282,000
Net Interest Income 522,620,000 448,071,000 318,551,000
Provision for credit losses 24,278,000 40,231,000 17,295,000
Net Interest Income After Provision for Credit Losses 498,342,000 407,840,000 301,256,000
Noninterest Income      
Gain on sale of loans 62,275,000 48,183,000 64,150,000
Loan servicing fees, net 43,673,000 26,198,000 30,198,000
Mortgage warehouse fees 5,539,000 7,701,000 5,394,000
Losses on sale of investments available for sale (includes $(108), $0 and $0, respectively, related to accumulated other comprehensive loss reclassifications) (108,000)    
Syndication and asset management fees 19,693,000 12,355,000 9,493,000
Other income 17,040,000 20,231,000 16,701,000
Total noninterest income 148,112,000 114,668,000 125,936,000
Noninterest Expense      
Salaries and employee benefits 130,723,000 108,181,000 89,085,000
Loan expense 3,767,000 3,409,000 4,703,000
Occupancy and equipment 8,991,000 9,220,000 8,169,000
Professional fees 16,229,000 12,704,000 9,065,000
Deposit insurance expense 26,158,000 13,582,000 3,463,000
Technology expense 7,819,000 6,515,000 5,282,000
Credit risk transfer premium expense 6,320,000    
Other expense 23,805,000 20,990,000 16,283,000
Total noninterest expense 223,812,000 174,601,000 136,050,000
Income Before Income Taxes 422,642,000 347,907,000 291,142,000
Provision for income taxes (includes $26, $0 and $0, respectively, of income tax benefit related to accumulated other comprehensive loss reclassifications) 102,256,000 68,673,000 71,421,000
Net Income 320,386,000 279,234,000 219,721,000
Dividends on preferred stock (34,909,000) (34,670,000) (25,983,000)
Impact of preferred stock redemption (1,823,000)    
Net Income Allocated to Common Shareholders $ 283,654,000 $ 244,564,000 $ 193,738,000
Basic Earnings Per Share (in dollars per share) $ 6.32 $ 5.66 $ 4.49
Diluted Earnings Per Share (in dollars per share) $ 6.3 $ 5.64 $ 4.47
Weighted-Average Shares Outstanding      
Basic (in shares) 44,855,100 43,224,042 43,164,477
Diluted (in shares) 45,004,786 43,345,799 43,316,904