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Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME:    
Interest and fees on loans $ 130,981,000 $ 117,091,000
Interest on investment securities:    
Taxable 25,034,000 19,952,000
Exempt from federal income tax 7,831,000 7,737,000
Interest on federal funds sold and interest-bearing demand deposits in banks 3,264,000 4,715,000
Total interest income 167,110,000 149,495,000
INTEREST EXPENSE:    
Interest on deposits 47,549,000 45,251,000
Interest on repurchase agreements and borrowings 772,000 4,002,000
Total interest expense 48,321,000 49,253,000
Net interest income 118,789,000 100,242,000
Provision for credit losses 3,528,000 808,000
Net interest income after provision for credit losses 115,261,000 99,434,000
NONINTEREST INCOME:    
Trust fees 12,653,000 11,379,000
Service charges on deposit accounts 6,177,000 6,246,000
Debit card fees 4,967,000 4,891,000
Credit card fees 577,000 631,000
Gain on sale and fees on mortgage loans 2,832,000 3,128,000
Net gain on sale of available-for-sale securities (0) 0
Net gain (loss) on sale of foreclosed assets (35,000) (0)
Net gain on sale of other assets 0 0
Loan recoveries 574,000 555,000
Other noninterest income 2,485,000 2,553,000
Total noninterest income 30,230,000 29,383,000
NONINTEREST EXPENSE:    
Salaries, commissions and employee benefits 42,142,000 36,683,000
Net occupancy expense 3,720,000 3,470,000
Equipment expense 2,321,000 2,237,000
FDIC insurance premiums 1,575,000 1,965,000
Debit card expense 3,373,000 3,058,000
Professional and service fees 2,650,000 2,396,000
Printing, stationery and supplies 482,000 447,000
Operational and other losses 540,000 1,154,000
Software amortization and expense 3,732,000 3,005,000
Amortization of intangible assets 95,000 157,000
Other noninterest expense 9,705,000 9,368,000
Total noninterest expense 70,335,000 63,940,000
EARNINGS BEFORE INCOME TAXES 75,156,000 64,877,000
INCOME TAX EXPENSE 13,810,000 11,480,000
NET EARNINGS $ 61,346,000 $ 53,397,000
NET EARNINGS PER SHARE, BASIC $ 0.43 $ 0.37
NET EARNINGS PER SHARE, DILUTED 0.43 0.37
DIVIDENDS PER SHARE $ 0.18 $ 0.18