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Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST INCOME:        
Interest and fees on loans $ 123,708,000 $ 98,067,000 $ 240,800,000 $ 187,076,000
Interest on investment securities:        
Taxable 19,912,000 20,033,000 39,864,000 40,815,000
Exempt from federal income tax 7,687,000 9,321,000 15,424,000 19,388,000
Interest on federal funds sold and interest-bearing demand deposits in banks 2,366,000 1,584,000 7,079,000 3,234,000
Total interest income 153,673,000 129,005,000 303,167,000 250,513,000
INTEREST EXPENSE:        
Interest on deposits 48,415,000 27,629,000 93,666,000 49,441,000
Interest on repurchase agreements and borrowings 1,985,000 5,510,000 5,987,000 8,920,000
Total interest expense 50,400,000 33,139,000 99,653,000 58,361,000
Net interest income 103,273,000 95,866,000 203,514,000 192,152,000
Provision for credit losses 5,888,000 5,573,000 6,695,000 8,354,000
Net interest income after provision for credit losses 97,385,000 90,293,000 196,819,000 183,798,000
NONINTEREST INCOME:        
Trust fees 11,714,000 9,883,000 23,093,000 19,728,000
Service charges on deposit accounts 6,009,000 6,310,000 12,255,000 12,346,000
Debit card fees 5,145,000 6,720,000 10,036,000 11,656,000
Credit card fees 672,000 711,000 1,303,000 1,320,000
Gain on sale and fees on mortgage loans 3,687,000 3,534,000 6,815,000 6,508,000
Net gain on sale of available-for-sale securities 0 46,000 0 58,000
Net gain (loss) on sale of foreclosed assets (58,000) (1,000) (58,000) 33,000
Net gain on sale of other assets 2,000 0 2,000 930,000
Interest on loan recoveries 664,000 475,000 1,219,000 821,000
Other noninterest income 3,433,000 2,269,000 5,986,000 4,554,000
Total noninterest income 31,268,000 29,947,000 60,651,000 57,954,000
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 37,472,000 31,766,000 74,155,000 63,227,000
Net occupancy expense 3,618,000 3,423,000 7,088,000 6,853,000
Equipment expense 2,233,000 2,198,000 4,470,000 4,325,000
FDIC insurance premiums 1,508,000 1,417,000 3,473,000 3,071,000
Debit card expense 3,242,000 3,221,000 6,300,000 6,420,000
Professional and service fees 2,828,000 2,397,000 5,224,000 4,762,000
Printing, stationery and supplies 425,000 740,000 872,000 1,450,000
Operational and other losses 769,000 856,000 1,923,000 1,787,000
Software amortization and expense 3,158,000 2,519,000 6,163,000 4,830,000
Amortization of intangible assets 157,000 228,000 314,000 456,000
Other noninterest expense 9,602,000 8,848,000 18,970,000 17,688,000
Total noninterest expense 65,012,000 57,613,000 128,952,000 114,869,000
EARNINGS BEFORE INCOME TAXES 63,641,000 62,627,000 128,518,000 126,883,000
INCOME TAX EXPENSE 11,156,000 11,754,000 22,636,000 23,442,000
NET EARNINGS $ 52,485,000 $ 50,873,000 $ 105,882,000 $ 103,441,000
NET EARNINGS PER SHARE, BASIC $ 0.37 $ 0.36 $ 0.74 $ 0.72
NET EARNINGS PER SHARE, DILUTED 0.37 0.36 0.74 0.72
DIVIDENDS PER SHARE $ 0.18 $ 0.18 $ 0.36 $ 0.35