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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans and leases $ 128,199 $ 126,523 $ 249,429 $ 250,315
Interest on securities 13,907 10,514 26,034 20,248
Other interest and dividend income 2,421 4,532 3,914 9,327
Total interest and dividend income 144,527 141,569 279,377 279,890
INTEREST EXPENSE        
Deposits 44,380 47,603 86,429 93,565
Other borrowings 1,396 4,460 3,231 8,284
Subordinated notes and debentures 2,781 2,980 5,531 5,974
Total interest expense 48,557 55,043 95,191 107,823
Net interest income 95,970 86,526 184,186 172,067
Provision for credit losses 11,923 6,045 21,102 12,688
Net interest income after provision for credit losses 84,047 80,481 163,084 159,379
NON-INTEREST INCOME        
Fees and service charges on deposits 2,633 2,548 5,336 4,975
Loan servicing revenue 3,071 3,216 6,114 6,580
Loan servicing asset revaluation (2,150) (2,468) (3,201) (3,171)
ATM and interchange fees 1,059 1,163 2,093 2,238
Net losses on sales of securities available-for-sale (37) 0 (37) 0
Change in fair value of equity securities, net 83 (390) 894 2
Net gains on sales of loans 5,414 6,036 10,352 11,569
Wealth management and trust income 1,074 942 2,156 2,099
Other non-interest income 3,336 1,797 5,640 4,025
Total non-interest income 14,483 12,844 29,347 28,317
NON-INTEREST EXPENSE        
Salaries and employee benefits 37,819 33,911 74,071 67,864
Occupancy and equipment expense, net 4,739 4,639 9,591 9,923
Loan and lease related expenses 938 741 1,765 1,426
Legal, audit and other professional fees 4,843 3,708 8,094 6,427
Data processing 4,986 4,036 10,157 8,181
Net gain recognized on other real estate owned and other related expenses (44) (62) (2) (160)
Other intangible assets amortization expense 1,499 1,345 2,617 2,690
Other non-interest expense 4,822 4,892 9,738 10,668
Total non-interest expense 59,602 53,210 116,031 107,019
INCOME BEFORE PROVISION FOR INCOME TAXES 38,928 40,115 76,400 80,677
PROVISION FOR INCOME TAXES 8,846 10,444 18,070 20,566
NET INCOME $ 30,082 $ 29,671 $ 58,330 $ 60,111
EARNINGS PER COMMON SHARE        
Basic $ 0.66 $ 0.68 $ 1.31 $ 1.39
Diluted $ 0.66 $ 0.68 $ 1.3 $ 1.37