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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 709,802 $ 596,852 $ 422,401
Interest and dividends on securities:      
Taxable 70,559 73,449 66,123
Tax-exempt 18,089 18,830 18,818
Total interest and dividends on securities 88,648 92,279 84,941
Other interest income 27,191 22,385 6,314
Total interest and dividend income 825,641 711,516 513,656
INTEREST EXPENSE      
Interest bearing demand deposits 107,700 72,866 12,181
Money market deposits 72,899 36,616 3,562
Savings deposits 31,066 23,869 4,115
Certificates of deposit 53,236 18,472 4,089
Total interest expense on deposits 264,901 151,823 23,947
Federal Home Loan Bank borrowings 62,489 59,318 3,968
Other short-term borrowings 3,953 2,545 568
Subordinated debt and junior subordinated debt 16,090 16,492 10,860
Total interest expense 347,433 230,178 39,343
NET INTEREST INCOME 478,208 481,338 474,313
Provision for credit losses 19,206 17,734 (1,663)
Net interest income after provision for credit losses 459,002 463,604 475,976
NON-INTEREST INCOME      
Trust fees 30,676 28,135 27,551
Service charges on deposits 29,979 26,116 26,281
Digital banking income 19,953 19,454 20,002
Net swap fee and valuation income 5,941 6,912 7,067
Net securities brokerage revenue 10,238 10,055 9,525
Bank-owned life insurance 9,544 11,002 10,728
Mortgage banking income 4,270 2,652 5,129
Net securities gains (losses) 1,408 900 (1,777)
Net gains on other real estate owned and other assets 142 1,520 482
Other income 15,832 13,701 12,403
Total non-interest income 127,983 120,447 117,391
NON-INTEREST EXPENSE      
Salaries and wages 177,516 176,938 167,028
Employee benefits 46,141 46,901 37,771
Net occupancy 25,157 25,338 26,105
Equipment and software 41,303 36,666 32,508
Marketing 9,764 11,178 9,335
FDIC insurance 14,215 12,249 7,901
Amortization of intangible assets 8,251 9,088 10,278
Restructuring and merger-related expense 6,400 3,830 1,723
Other operating expenses 73,124 67,814 64,317
Total non-interest expense 401,871 390,002 356,966
Income before provision for income taxes 185,114 194,049 236,401
Provision for income taxes 33,604 35,017 44,288
Net income 151,510 159,032 192,113
Preferred stock dividends 10,125 10,125 10,125
Net income available to common shareholders $ 141,385 $ 148,907 $ 181,988
EARNINGS PER COMMON SHARE      
Basic $ 2.26 $ 2.51 $ 3.03
Diluted $ 2.26 $ 2.51 $ 3.02
AVERAGE COMMON SHARES OUTSTANDING      
Basic 62,589,406 59,303,210 60,047,177
Diluted 62,653,557 59,427,989 60,215,374
DIVIDENDS DECLARED PER COMMON SHARE $ 1.45 $ 1.41 $ 1.37