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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Interest and fees on loans, including loans held for sale $ 230,844 $ 169,885 $ 160,198
Interest and dividends on securities:      
Taxable 27,263 21,695 13,981
Tax exempt 2,678 2,998 3,098
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 759 603 486
Interest on Federal Reserve Bank deposits 6,831 2,439 372
Other, including interest on federal funds sold 275 122 34
Total interest income 268,650 197,742 178,169
Interest expense:      
Interest on deposits 81,167 24,068 12,753
Interest on repurchase agreements and federal funds purchased 8,994 2,540 1,254
Interest on advances from Federal Home Loan Bank 1,004 20 0
Interest on long-term debt 4,375 2,012 1,083
Total interest expense 95,540 28,640 15,090
Net interest income 173,110 169,102 163,079
Provision for credit losses (recovery) 6,811 4,905 (6,386)
Net interest income after provision for credit losses (recovery) 166,299 164,197 169,465
Noninterest income:      
Deposit related fees 29,935 29,049 26,529
Gains on sales of loans, net 395 1,525 6,820
Trust and wealth management income 13,025 12,394 12,644
Loan related fees 3,792 6,185 5,578
Bank owned life insurance 3,517 2,708 2,844
Brokerage revenue 1,473 1,846 1,962
Securities gains (losses) 996 (168) (158)
Other noninterest income 4,526 4,377 4,244
Total noninterest income 57,659 57,916 60,463
Noninterest expense:      
Officer salaries and employee benefits 15,206 15,922 19,713
Other salaries and employee benefits 58,505 56,568 54,401
Occupancy, net 8,900 8,380 8,306
Equipment 2,943 2,703 2,548
Data processing 9,726 8,910 8,039
Bank franchise tax 1,649 1,528 1,705
Legal fees 1,131 1,159 1,160
Professional fees 2,219 2,275 2,039
Advertising and marketing 3,214 3,005 2,928
FDIC insurance 2,483 1,447 1,381
Other real estate owned provision and expense 350 456 1,401
Repossession expense 531 546 344
Amortization of limited partnership investments 2,638 2,853 3,352
Other noninterest expense 15,895 15,319 11,968
Total noninterest expense 125,390 121,071 119,285
Income before income taxes 98,568 101,042 110,643
Income taxes 20,564 19,228 22,704
Net income 78,004 81,814 87,939
Unrealized holding gains (losses) on debt securities available-for-sale:      
Unrealized holding gains (losses) arising during the period 36,863 (168,060) (24,827)
Less: Reclassification adjustments for realized gains (losses) included in net income 4 (81) 60
Tax expense (benefit) 11,028 (43,675) (6,471)
Other comprehensive income (loss), net of tax 25,831 (124,304) (18,416)
Comprehensive income (loss) $ 103,835 $ (42,490) $ 69,523
Basic earnings per share (in dollars per share) $ 4.36 $ 4.59 $ 4.94
Diluted earnings per share (in dollars per share) $ 4.36 $ 4.58 $ 4.94
Weighted average shares outstanding-basic (in shares) 17,887 17,836 17,786
Weighted average shares outstanding-diluted (in shares) 17,900 17,851 17,804