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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME      
Interest and Fees on Loans $ 212,517 $ 169,158 $ 139,151
Interest on Federal Funds Sold and Other Short-term Investments 1,677 5,765 488
Interest and Dividends on Securities:      
Taxable 20,614 20,453 12,962
Non-taxable 21,848 23,550 17,778
TOTAL INTEREST INCOME 256,656 218,926 170,379
INTEREST EXPENSE      
Interest on Deposits 56,916 13,514 4,955
Interest on FHLB Advances and Other Borrowings 9,307 4,828 4,594
TOTAL INTEREST EXPENSE 66,223 18,342 9,549
NET INTEREST INCOME 190,433 200,584 160,830
Provision for Credit Losses 2,550 6,350 (6,500)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 187,883 194,234 167,330
NON-INTEREST INCOME      
Company Owned Life Insurance 1,731 2,264 1,529
Other Operating Income 5,830 5,116 6,991
Net Gains on Sales of Loans 2,363 3,818 8,267
Net Gains on Securities 40 562 2,247
TOTAL NON-INTEREST INCOME 60,261 59,133 59,462
NON-INTEREST EXPENSE      
Salaries and Employee Benefits 83,244 84,145 68,570
Occupancy Expense 10,887 11,223 11,081
Furniture and Equipment Expense 3,580 3,698 3,750
FDIC Premiums 2,829 1,860 1,419
Data Processing Fees 11,112 15,406 7,611
Professional Fees 5,575 6,295 5,009
Advertising and Promotion 4,857 4,416 4,197
Intangible Amortization 2,840 3,711 2,731
Other Operating Expenses 19,573 23,437 19,639
TOTAL NON-INTEREST EXPENSE 144,497 154,191 124,007
Income before Income Taxes 103,647 99,176 102,785
Income Tax Expense 17,759 17,351 18,648
NET INCOME $ 85,888 $ 81,825 $ 84,137
Basic Earnings per Share (in dollars per share) $ 2.91 $ 2.78 $ 3.17
Diluted Earnings per Share (in dollars per share) $ 2.91 $ 2.78 $ 3.17
Wealth Management Fees      
NON-INTEREST INCOME      
Non-interest Income $ 11,711 $ 10,076 $ 10,321
Service Charges on Deposit Accounts      
NON-INTEREST INCOME      
Non-interest Income 11,538 11,457 7,723
Insurance Revenues      
NON-INTEREST INCOME      
Non-interest Income 9,596 10,020 9,268
Interchange Fee Income      
NON-INTEREST INCOME      
Non-interest Income $ 17,452 $ 15,820 $ 13,116