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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Loans receivable:        
Taxable $ 200,406 $ 206,680 $ 583,307 $ 606,116
Tax exempt 11,173 8,622 32,510 25,242
Investment securities:        
Taxable 8,288 9,263 24,926 27,062
Tax exempt 12,460 13,509 37,493 40,733
Deposits with financial institutions 1,676 2,154 5,940 11,642
Federal Home Loan Bank stock 1,092 855 3,172 2,569
Total Interest Income 235,095 241,083 687,348 713,364
INTEREST EXPENSE        
Deposits 90,821 98,856 255,609 296,292
Federal funds purchased 224 329 2,001 455
Securities sold under repurchase agreements 654 700 2,059 2,377
Federal Home Loan Bank advances 8,638 8,544 27,716 21,715
Subordinated debentures and other borrowings 1,093 1,544 3,014 5,781
Total Interest Expense 101,430 109,973 290,399 326,620
NET INTEREST INCOME 133,665 131,110 396,949 386,744
Provision for credit losses 4,300 5,000 14,100 31,500
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 129,365 126,110 382,849 355,244
NONINTEREST INCOME        
Net gains and fees on sales of loans 4,983 6,764 15,854 15,159
Earnings on bank-owned life insurance 1,667 2,755 5,759 6,276
Net realized losses on sales of available for sale securities 0 (9,114) (8) (9,165)
Other income 1,546 1,374 2,320 3,457
Total Noninterest Income 32,477 24,866 93,828 82,838
NONINTEREST EXPENSES        
Salaries and employee benefits 57,317 55,223 166,826 165,730
Net occupancy 7,057 6,994 21,118 21,052
Equipment 6,998 6,949 20,933 19,774
Marketing 2,120 1,836 5,470 4,807
Outside data processing fees 6,943 7,150 19,979 21,111
Printing and office supplies 311 378 930 1,085
Intangible asset amortization 1,499 1,772 4,530 5,500
FDIC assessments 3,526 3,720 10,726 11,285
Other real estate owned and foreclosure expenses 121 942 750 1,849
Professional and other outside services 3,718 3,035 10,720 10,809
Other expenses 6,951 6,630 21,079 19,975
Total Noninterest Expenses 96,561 94,629 283,061 282,977
INCOME BEFORE INCOME TAX 65,281 56,347 193,616 155,105
Income tax expense 8,516 7,160 24,680 18,052
NET INCOME 56,765 49,187 168,936 137,053
Preferred stock dividends 468 468 1,406 1,406
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 56,297 $ 48,719 $ 167,530 $ 135,647
Per Share Data:        
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.98 $ 0.84 $ 2.91 $ 2.32
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.98 0.84 2.90 2.31
Cash Dividends Paid (in dollars per share) $ 0.36 $ 0.35 $ 1.07 $ 1.04
Average Diluted Common Shares Outstanding (in shares) 57,447,801 58,289,489 57,817,391 58,628,999
Service charges on deposit accounts        
NONINTEREST INCOME        
Other income $ 8,921 $ 8,361 $ 25,559 $ 24,482
Fiduciary and wealth management fees        
NONINTEREST INCOME        
Other income 8,842 8,525 26,317 25,550
Card payment fees        
NONINTEREST INCOME        
Other income 5,007 5,121 14,465 14,360
Derivative hedge fees        
NONINTEREST INCOME        
Other income 1,097 736 2,332 1,488
Other customer fees        
NONINTEREST INCOME        
Other income $ 414 $ 344 $ 1,230 $ 1,231