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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 218,409 $ 166,974
Interest and dividends on securities:    
Taxable 22,247 17,404
Tax-exempt 4,529 4,586
Total interest and dividends on securities 26,776 21,990
Other interest income 8,047 6,369
Total interest and dividend income 253,232 195,333
INTEREST EXPENSE    
Interest bearing demand deposits 29,377 25,590
Money market deposits 21,134 16,114
Savings deposits 7,359 7,667
Certificates of deposit 18,558 10,247
Total interest expense on deposits 76,428 59,618
Federal Home Loan Bank borrowings 13,034 17,000
Other short-term borrowings 1,122 674
Subordinated debt and junior subordinated debt 4,129 4,075
Total interest expense 94,713 81,367
NET INTEREST INCOME 158,519 113,966
Provision for credit losses 68,883 4,014
Net interest income after provision for credit losses 89,636 109,952
NON-INTEREST INCOME    
Trust fees 8,697 8,082
Service charges on deposits 8,587 6,784
Digital banking income 5,404 4,704
Net swap fee and valuation income 961 1,563
Net securities brokerage revenue 2,701 2,548
Bank-owned life insurance 3,428 2,067
Mortgage banking income 1,140 693
Net securities (losses) gains (318) 537
Net (loss) gain on other real estate owned and other assets (40) 154
Other income 4,105 3,497
Total non-interest income 34,665 30,629
NON-INTEREST EXPENSE    
Salaries and wages 48,577 42,997
Employee benefits 12,970 12,184
Net occupancy 7,778 6,623
Equipment and software 13,050 10,008
Marketing 2,382 1,885
FDIC insurance 4,187 3,448
Amortization of intangible assets 4,223 2,092
Restructuring and merger-related expense 20,010 0
Other operating expenses 20,789 17,954
Total non-interest expense 133,966 97,191
(Loss) income before provision for income taxes (9,665) 43,390
(Benefit) provision for income taxes (673) 7,697
Segment (loss) profit (8,992) 35,693
Preferred stock dividends 2,531 2,531
Net (loss) income available to common shareholders $ (11,523) $ 33,162
(LOSS) EARNINGS PER COMMON SHARE    
Basic $ (0.15) $ 0.56
Diluted $ (0.15) $ 0.56
AVERAGE COMMON SHARES OUTSTANDING    
Basic 76,830,460 59,382,758
Diluted 77,020,592 59,523,679
DIVIDENDS DECLARED PER COMMON SHARE $ 0.37 $ 0.36