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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and fees on loans $ 477,859 $ 453,992 $ 352,993
Interest and dividends on investment securities:      
Taxable 18,561 16,666 12,712
Tax-exempt 4,503 4,641 3,893
Dividends 4,349 3,662 1,655
Interest on federal funds sold and other short-term investments 12,617 11,104 2,493
Total interest income 517,889 490,065 373,746
Interest expense:      
Deposits 244,846 206,176 50,561
Borrowings 25,706 28,783 21,066
Total interest expense 270,552 234,959 71,627
Net interest income 247,337 255,106 302,119
Provision for credit losses 13,800 8,200 17,750
Net interest income after provision for credit losses 233,537 246,906 284,369
Noninterest income:      
Deposit, loan and other income 6,861 6,098 7,472
Income on bank owned life insurance 7,142 6,316 5,597
Net gains on sale of loans held-for-sale 2,723 1,704 1,695
Net gains (losses) on equity securities 2 (117) (1,521)
Total noninterest income 16,728 14,001 13,243
Noninterest expense:      
Salaries and employee benefits 90,053 88,223 80,717
Occupancy and equipment 11,615 10,884 9,865
FDIC insurance 7,200 8,365 2,881
Professional and consulting 8,447 7,547 8,053
Marketing and advertising 2,420 1,965 1,692
Information technology and communications 17,574 14,340 11,108
Merger expenses 1,605 0 0
Branch closing expenses 477 0 0
Amortization of core deposit intangible 1,235 1,438 1,685
Increase in value of acquisition price 0 0 1,516
Other expenses 11,172 11,187 8,871
Total noninterest expenses 151,798 143,949 126,388
Income before income tax expense 98,467 116,958 171,224
Income tax expense 24,674 29,955 46,013
Net income 73,793 87,003 125,211
Preferred dividends 6,036 6,036 6,037
Net income available to common stockholders $ 67,757 $ 80,967 $ 119,174
Earnings per common share:      
Basic (in dollars per share) $ 1.77 $ 2.08 $ 3.03
Diluted (in dollars per share) $ 1.76 $ 2.07 $ 3.01