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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans and leases $ 126,523 $ 99,134 $ 250,315 $ 191,477
Interest on securities 10,514 6,559 20,248 13,159
Other interest and dividend income 4,532 1,579 9,327 2,638
Total interest and dividend income 141,569 107,272 279,890 207,274
INTEREST EXPENSE        
Deposits 47,603 24,723 93,565 41,021
Other borrowings 4,460 4,241 8,284 10,129
Subordinated notes and debentures 2,980 2,142 5,974 4,240
Total interest expense 55,043 31,106 107,823 55,390
Net interest income 86,526 76,166 172,067 151,884
Provision for credit losses 6,045 5,790 12,688 15,615
Net interest income after provision for credit losses 80,481 70,376 159,379 136,269
NON-INTEREST INCOME        
Fees and service charges on deposits 2,548 2,233 4,975 4,353
Loan servicing revenue 3,216 3,377 6,580 6,757
Loan servicing asset revaluation (2,468) (865) (3,171) (209)
ATM and interchange fees 1,163 1,112 2,238 2,175
Change in fair value of equity securities, net (390) 193 2 543
Net gains on sales of loans 6,036 5,704 11,569 10,852
Wealth management and trust income 942 1,039 2,099 1,963
Other non-interest income 1,797 1,498 4,025 3,002
Total non-interest income 12,844 14,291 28,317 29,436
NON-INTEREST EXPENSE        
Salaries and employee benefits 33,911 29,642 67,864 60,036
Occupancy and equipment expense, net 4,639 4,404 9,923 8,848
Impairment loss on assets held for sale 0 0 0 20
Loan and lease related expenses 741 488 1,426 1,451
Legal, audit and other professional fees 3,708 3,675 6,427 6,789
Data processing 4,036 4,272 8,181 8,055
Net (gain) loss recognized on other real estate owned and other related expenses (62) 288 (160) 185
Other intangible assets amortization expense 1,345 1,455 2,690 2,910
Other non-interest expense 4,892 5,104 10,668 9,834
Total non-interest expense 53,210 49,328 107,019 98,128
INCOME BEFORE PROVISION FOR INCOME TAXES 40,115 35,339 80,677 67,577
PROVISION FOR INCOME TAXES 10,444 9,232 20,566 17,525
NET INCOME $ 29,671 $ 26,107 $ 60,111 $ 50,052
EARNINGS PER COMMON SHARE        
Basic $ 0.68 $ 0.7 $ 1.39 $ 1.35
Diluted $ 0.68 $ 0.7 $ 1.37 $ 1.34