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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME:      
Interest and fees on loans $ 405,939 $ 296,114 $ 271,638
Interest on investment securities:      
Taxable 79,925 78,924 47,390
Exempt from federal income tax 36,194 54,121 56,638
Interest on federal funds sold and interest-bearing deposits in banks 6,012 3,695 739
Total interest income 528,070 432,854 376,405
INTEREST EXPENSE:      
Interest on deposits 124,830 26,246 5,705
Interest on borrowings 19,431 5,194 337
Total interest expense 144,261 31,440 6,042
Net interest income 383,809 401,414 370,363
PROVISION FOR CREDIT LOSSES 10,631 17,427 (1,139)
Net interest income after provisions for credit losses 373,178 383,987 371,502
NONINTEREST INCOME:      
Trust fees 40,456 39,995 36,145
Service charges on deposit accounts 25,378 24,540 21,156
Debit card fees 21,721 30,280 35,905
Credit card fees 2,645 2,585 2,373
Gain on sale and fees on mortgage loans 11,890 19,035 33,245
Net gain (loss) on sale of available-for-sale securities (7,119) 2,144 815
Net gain on sale of foreclosed assets 46 1,451 190
Net gain on sale of assets 1,525 520 210
Interest on loan recoveries 2,055 2,840 4,039
Other 9,406 8,275 8,098
Total noninterest income 108,003 131,665 142,176
NONINTEREST EXPENSE:      
Salaries, commissions and employee benefits 131,915 134,133 142,042
Net occupancy expense 13,766 13,307 13,009
Equipment expense 8,545 9,052 9,173
FDIC insurance premiums 7,749 3,711 3,130
Debit card expense 12,933 12,231 11,957
Professional and service fees 9,810 8,770 9,334
Printing, stationery and supplies 2,454 2,114 1,910
Operational and other losses 3,842 3,229 3,293
Software amortization and expense 10,288 9,963 11,120
Amortization of intangible assets 912 1,245 1,613
Other 35,668 37,023 35,127
Total noninterest expense 237,882 234,778 241,708
EARNINGS BEFORE INCOME TAXES 243,299 280,874 271,970
INCOME TAX EXPENSE 44,322 46,399 44,408
NET EARNINGS $ 198,977 $ 234,475 $ 227,562
NET EARNINGS PER SHARE, BASIC $ 1.39 $ 1.64 $ 1.60
NET EARNINGS PER SHARE, DILUTED 1.39 1.64 1.59
DIVIDENDS PER SHARE $ 0.71 $ 0.66 $ 0.58