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Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INTEREST INCOME:        
Interest and fees on loans $ 129,638,000 $ 106,377,000 $ 370,438,000 $ 293,453,000
Interest on investment securities:        
Taxable 19,866,000 19,425,000 59,730,000 60,240,000
Exempt from federal income tax 7,696,000 8,757,000 23,120,000 28,145,000
Interest on federal funds sold and interest-bearing demand deposits in banks 2,758,000 792,000 9,838,000 4,026,000
Total interest income 159,958,000 135,351,000 463,126,000 385,864,000
INTEREST EXPENSE:        
Interest on deposits 51,995,000 36,165,000 145,661,000 85,606,000
Interest on repurchase agreements and borrowings 854,000 5,037,000 6,841,000 13,957,000
Total interest expense 52,849,000 41,202,000 152,502,000 99,563,000
Net interest income 107,109,000 94,149,000 310,624,000 286,301,000
Provision for credit losses 6,123,000 2,276,000 12,817,000 10,631,000
Net interest income after provision for credit losses 100,986,000 91,873,000 297,807,000 275,670,000
NONINTEREST INCOME:        
Trust fees 11,694,000 10,050,000 34,787,000 29,778,000
Service charges on deposit accounts 6,428,000 6,509,000 18,683,000 18,855,000
Debit card fees 5,528,000 5,041,000 15,564,000 16,697,000
Credit card fees 617,000 694,000 1,920,000 2,014,000
Gain on sale and fees on mortgage loans 3,359,000 3,442,000 10,174,000 9,950,000
Net gain on sale of available-for-sale securities 0 (972,000) 0 (914,000)
Net gain (loss) on sale of foreclosed assets (30,000) (10,000) (88,000) 23,000
Net gain on sale of other assets 267,000 696,000 269,000 1,626,000
Interest on loan recoveries 1,359,000 698,000 2,578,000 1,519,000
Other noninterest income 3,140,000 1,922,000 9,125,000 6,477,000
Total noninterest income 32,362,000 28,070,000 93,012,000 86,025,000
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 37,497,000 32,935,000 111,652,000 96,162,000
Net occupancy expense 3,738,000 3,565,000 10,826,000 10,418,000
Equipment expense 2,291,000 2,200,000 6,761,000 6,525,000
FDIC insurance premiums 1,514,000 1,573,000 4,987,000 4,644,000
Debit card expense 3,248,000 3,284,000 9,548,000 9,704,000
Professional and service fees 2,793,000 2,425,000 8,017,000 7,187,000
Printing, stationery and supplies 199,000 512,000 1,071,000 1,962,000
Operational and other losses 955,000 959,000 2,878,000 2,746,000
Software amortization and expense 3,712,000 2,441,000 9,875,000 7,271,000
Amortization of intangible assets 157,000 228,000 471,000 684,000
Other noninterest expense 9,908,000 9,417,000 28,879,000 27,104,000
Total noninterest expense 66,012,000 59,539,000 194,965,000 174,407,000
EARNINGS BEFORE INCOME TAXES 67,336,000 60,404,000 195,854,000 187,288,000
INCOME TAX EXPENSE 12,028,000 10,848,000 34,664,000 34,291,000
NET EARNINGS $ 55,308,000 $ 49,556,000 $ 161,190,000 $ 152,997,000
NET EARNINGS PER SHARE, BASIC $ 0.39 $ 0.35 $ 1.13 $ 1.07
NET EARNINGS PER SHARE, DILUTED 0.39 0.35 1.13 1.07
DIVIDENDS PER SHARE $ 0.18 $ 0.18 $ 0.54 $ 0.53