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Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME:        
Interest and fees on loans $ 134,723,000 $ 123,708,000 $ 265,704,000 $ 240,800,000
Interest on investment securities:        
Taxable 25,242,000 19,912,000 50,277,000 39,864,000
Exempt from federal income tax 8,541,000 7,687,000 16,371,000 15,424,000
Interest on federal funds sold and interest-bearing demand deposits in banks 4,304,000 2,366,000 7,568,000 7,079,000
Total interest income 172,810,000 153,673,000 339,920,000 303,167,000
INTEREST EXPENSE:        
Interest on deposits 48,732,000 48,415,000 96,281,000 93,666,000
Interest on repurchase agreements and borrowings 348,000 1,985,000 1,120,000 5,987,000
Total interest expense 49,080,000 50,400,000 97,401,000 99,653,000
Net interest income 123,730,000 103,273,000 242,519,000 203,514,000
Provision for credit losses 3,132,000 5,888,000 6,660,000 6,695,000
Net interest income after provision for credit losses 120,598,000 97,385,000 235,859,000 196,819,000
NONINTEREST INCOME:        
Trust fees 12,746,000 11,714,000 25,399,000 23,093,000
Service charges on deposit accounts 6,126,000 6,009,000 12,302,000 12,255,000
Debit card fees 5,218,000 5,145,000 10,185,000 10,036,000
Credit card fees 707,000 672,000 1,284,000 1,303,000
Gain on sale and fees on mortgage loans 4,126,000 3,687,000 6,958,000 6,815,000
Net gain (loss) on sale of foreclosed assets 200,000 (58,000) 165,000 (58,000)
Net gain on sale of other assets 6,000 2,000 6,000 2,000
Loan recoveries 810,000 664,000 1,384,000 1,219,000
Other noninterest income 2,934,000 3,433,000 5,420,000 5,986,000
Total noninterest income 32,873,000 31,268,000 63,103,000 60,651,000
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 42,575,000 37,472,000 84,717,000 74,155,000
Net occupancy expense 3,600,000 3,618,000 7,320,000 7,088,000
Equipment expense 2,478,000 2,233,000 4,799,000 4,470,000
FDIC insurance premiums 1,585,000 1,508,000 3,160,000 3,473,000
Debit card expense 3,308,000 3,242,000 6,680,000 6,300,000
Professional and service fees 2,730,000 2,828,000 5,381,000 5,224,000
Printing, stationery and supplies 473,000 425,000 955,000 872,000
Operational and other losses 720,000 769,000 1,260,000 1,923,000
Software amortization and expense 4,020,000 3,158,000 7,753,000 6,163,000
Amortization of intangible assets 86,000 157,000 181,000 314,000
Other noninterest expense 10,160,000 9,602,000 19,864,000 18,970,000
Total noninterest expense 71,735,000 65,012,000 142,070,000 128,952,000
EARNINGS BEFORE INCOME TAXES 81,736,000 63,641,000 156,892,000 128,518,000
INCOME TAX EXPENSE 15,078,000 11,156,000 28,888,000 22,636,000
NET EARNINGS $ 66,658,000 $ 52,485,000 $ 128,004,000 $ 105,882,000
NET EARNINGS PER SHARE, BASIC $ 0.47 $ 0.37 $ 0.9 $ 0.74
NET EARNINGS PER SHARE, DILUTED 0.47 0.37 0.89 0.74
DIVIDENDS PER SHARE $ 0.19 $ 0.18 $ 0.37 $ 0.36