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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Interest and fees on loans $ 385,848 $ 287,477 $ 252,097
Interest and dividends on investment securities:      
Taxable interest income 80,316 66,140 41,787
Non-taxable interest income 2,678 3,272 3,765
Other interest income 10,531 3,097 1,151
Total interest income 479,373 359,986 298,800
Interest expense      
Deposits 123,985 16,112 12,583
Federal funds purchased and securities sold under agreements to repurchase 5,203 1,475 227
Short-term borrowings 12,775 1,647 279
Long-term debt 1,700 1,310 657
Senior notes 0 637 1,598
Subordinated notes 12,406 12,338 9,918
Junior subordinated debt owed to unconsolidated trusts 3,853 3,029 2,840
Total interest expense 159,922 36,548 28,102
Net interest income 319,451 323,438 270,698
Provision for credit losses 2,399 4,623 (15,101)
Net interest income after provision for credit losses 317,052 318,815 285,799
Noninterest income      
Mortgage revenue 1,089 1,895 7,239
Income on bank owned life insurance 4,701 3,663 5,166
Realized net gains (losses) on securities (28) 50 29
Unrealized net gains (losses) recognized on equity securities (2,171) (2,183) 3,041
Other income 11,248 14,822 10,292
Total noninterest income 122,384 126,803 132,804
Noninterest expense      
Salaries, wages, and employee benefits 162,597 159,016 145,312
Data processing 23,708 21,648 21,862
Net occupancy expense of premises 18,214 19,130 18,346
Furniture and equipment expenses 6,759 7,645 8,301
Professional fees 7,147 6,125 7,549
Amortization of intangible assets 10,432 11,628 11,274
Interchange expense 6,864 6,298 5,792
FDIC insurance 5,650 4,058 3,083
Other expense 44,161 48,333 40,261
Total noninterest expense 285,532 283,881 261,780
Income before income taxes 153,904 161,737 156,823
Income taxes 31,339 33,426 33,374
Net income $ 122,565 $ 128,311 $ 123,449
Basic earnings per common share (in dollars per share) $ 2.21 $ 2.32 $ 2.23
Diluted earnings per common share (in dollars per share) 2.18 2.29 2.20
Dividends declared per share of common stock (in dollars per share) $ 0.96 $ 0.92 $ 0.92
Wealth management fees      
Noninterest income      
Non-interest income $ 57,309 $ 55,378 $ 53,086
Fees for customer services      
Noninterest income      
Non-interest income 29,044 33,111 35,604
Payment technology solutions      
Noninterest income      
Non-interest income $ 21,192 $ 20,067 $ 18,347