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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME      
Interest and fees on loans and leases $ 440,984 $ 273,412 $ 222,993
Interest on taxable securities 27,404 21,946 19,694
Interest on tax-exempt securities 3,397 3,444 3,907
Other interest and dividend income 7,693 2,757 2,332
Total interest and dividend income 479,478 301,559 248,926
INTEREST EXPENSE      
Deposits 121,436 19,796 4,502
Other borrowings 17,161 9,322 1,663
Subordinated notes and debentures 10,260 7,111 6,374
Total interest expense 148,857 36,229 12,539
Net interest income 330,621 265,330 236,387
PROVISION FOR CREDIT LOSSES 31,653 23,879 973
Net interest income after provision for credit losses 298,968 241,451 235,414
NON-INTEREST INCOME      
Fees and service charges on deposits 9,211 8,152 7,254
Loan servicing revenue 13,503 13,479 12,693
Loan servicing asset revaluation (5,089) (11,743) (6,658)
ATM and interchange fees 4,462 4,437 4,476
Net gains on sales of securities available-for-sale 0 50 1,435
Change in fair value of equity securities, net 1,071 (603) (62)
Net gains on sales of loans 22,805 31,899 46,274
Wealth management and trust income 4,158 3,807 3,069
Other non-interest income 6,194 7,836 5,772
Total non-interest income 56,315 57,314 74,253
NON-INTEREST EXPENSE      
Salaries and employee benefits 126,979 118,051 101,222
Occupancy expense, net 14,030 13,197 16,553
Equipment expense 4,478 3,791 4,059
Impairment loss on assets held for sale 2,000 372 12,332
Loan and lease related expenses 2,936 1,707 5,957
Legal, audit, and other professional fees 12,946 10,357 10,198
Data processing 19,509 13,358 11,780
Net loss recognized on other real estate owned and other related expenses 385 708 1,078
Regulatory assessments 4,143 2,953 1,717
Other intangible assets amortization expense 6,011 6,671 7,073
Advertising and promotions 3,796 2,825 1,800
Telecommunications 1,447 918 1,155
Other non-interest expense 10,943 9,174 10,531
Total non-interest expense 209,603 184,082 185,455
INCOME BEFORE PROVISION FOR INCOME TAXES 145,680 114,683 124,212
PROVISION FOR INCOME TAXES 37,802 26,729 31,427
NET INCOME 107,878 87,954 92,785
Dividends on preferred shares 0 196 783
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 107,878 $ 87,758 $ 92,002
EARNINGS PER COMMON SHARE      
Basic $ 2.69 $ 2.37 $ 2.45
Diluted $ 2.67 $ 2.34 $ 2.4