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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Loans receivable:    
Taxable $ 187,728 $ 198,023
Tax exempt 10,532 8,190
Investment securities:    
Taxable 8,372 8,748
Tax exempt 12,517 13,611
Deposits with financial institutions 2,372 6,493
Federal Home Loan Bank stock 997 835
Total Interest Income 222,518 235,900
INTEREST EXPENSE    
Deposits 80,547 98,285
Federal funds purchased 812 0
Securities sold under repurchase agreements 742 1,032
Federal Home Loan Bank advances 9,364 6,773
Subordinated debentures and other borrowings 783 2,747
Total Interest Expense 92,248 108,837
NET INTEREST INCOME 130,270 127,063
Provision for credit losses 4,200 2,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 126,070 125,063
NONINTEREST INCOME    
Net gains and fees on sales of loans 5,022 3,254
Earnings on cash surrender value of life insurance 2,179 1,592
Net realized losses on sales of available for sale securities (7) (2)
Other income 793 497
Total Noninterest Income 30,048 26,638
NONINTEREST EXPENSES    
Salaries and employee benefits 54,982 58,293
Net occupancy 7,216 7,312
Equipment 7,008 6,226
Marketing 1,353 1,198
Outside data processing fees 5,929 6,889
Printing and office supplies 347 353
Intangible asset amortization 1,526 1,957
FDIC assessments 3,648 4,287
Other real estate owned and foreclosure expenses 600 534
Professional and other outside services 3,261 3,952
Other expenses 7,032 5,934
Total Noninterest Expenses 92,902 96,935
INCOME BEFORE INCOME TAX 63,216 54,766
Income tax expense 7,877 6,825
NET INCOME 55,339 47,941
Preferred stock dividends 469 469
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 54,870 $ 47,472
Per Share Data:    
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.95 $ 0.80
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.94 0.80
Cash Dividends Paid (in dollars per share) $ 0.35 $ 0.34
Average Diluted Common Shares Outstanding (in shares) 58,242,232 59,273,014
Service charges on deposit accounts    
NONINTEREST INCOME    
Other income $ 8,072 $ 7,907
Fiduciary and wealth management fees    
NONINTEREST INCOME    
Other income 8,644 8,200
Card payment fees    
NONINTEREST INCOME    
Other income 4,526 4,500
Derivative hedge fees    
NONINTEREST INCOME    
Other income 404 263
Other customer fees    
NONINTEREST INCOME    
Other income $ 415 $ 427