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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Interest and fees on loans $ 139,533 $ 99,325
Interest and dividends on investment securities:    
Taxable interest income 18,297 19,597
Non-taxable interest income 642 340
Dividend income on bank stock 759 87
Other interest income 7,584 6,471
Total interest income 166,815 125,820
Interest expense    
Deposits 57,312 43,968
Federal funds purchased and securities sold under agreements to repurchase 876 1,372
Short-term borrowings 67 232
Long-term debt 287 296
Subordinated notes 3,187 3,109
Junior subordinated debt owed to unconsolidated trusts 1,355 989
Total interest expense 63,084 49,966
Net interest income 103,731 75,854
Provision for credit losses 42,452 5,038
Net interest income after provision for credit losses 61,279 70,816
Noninterest income    
Mortgage revenue 329 746
Income on bank owned life insurance 1,446 1,419
Realized net gains (losses) on the sale of mortgage servicing rights 0 7,465
Realized net gains (losses) on securities (15,537) (6,802)
Unrealized net gains (losses) recognized on equity securities (231) 427
Other noninterest income 4,651 3,344
Total noninterest income 21,223 34,913
Noninterest expense    
Salaries, wages, and employee benefits 67,563 42,090
Data processing 9,575 6,550
Net occupancy expense of premises 5,799 4,720
Furniture and equipment expenses 1,744 1,813
Professional fees 9,511 2,253
Amortization of intangible assets 3,083 2,409
Interchange expense 1,343 1,611
FDIC insurance 2,167 1,400
Other noninterest expense 14,386 7,923
Total noninterest expense 115,171 70,769
Income (loss) before income taxes (32,669) 34,960
Income taxes (2,679) 8,735
Net income (loss) $ (29,990) $ 26,225
Basic earnings (loss) per common share (in dollars per share) $ (0.44) $ 0.47
Diluted earnings (loss) per common share (in dollars per share) (0.44) 0.46
Dividends declared per share of common stock (in dollars per share) $ 0.25 $ 0.24
Wealth management fees    
Noninterest income    
Noninterest income $ 17,364 $ 15,549
Fees for customer services    
Noninterest income    
Noninterest income 8,128 7,056
Payment technology solutions    
Noninterest income    
Noninterest income $ 5,073 $ 5,709