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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans $ 194,698 $ 163,524
Securities    
Taxable 9,505 13,253
Tax-exempt 1,195 1,838
Other 7,781 5,430
Total interest income 213,179 184,045
Interest expense    
Deposits 82,613 32,866
Borrowings 7,276 15,404
Total interest expense 89,889 48,270
Net interest income 123,290 135,775
Provision for credit losses on loans 2,638 7,960
Recovery of credit losses on unfunded commitments (200) (1,500)
Provision for credit losses 2,438 6,460
Net interest income after provision for credit losses 120,852 129,315
Noninterest income    
Service charges on deposit accounts 10,506 9,120
Fees and commissions 3,949 4,676
Insurance commissions 2,716 2,446
Wealth management revenue 5,669 5,140
Mortgage banking income 11,370 8,517
Gain on debt extinguishment 56 0
BOLI income 2,691 3,003
Other 4,424 4,391
Total noninterest income 41,381 37,293
Noninterest expense    
Salaries and employee benefits 71,470 69,832
Data processing 3,807 3,633
Net occupancy and equipment 11,389 11,405
Other real estate owned 107 30
Professional fees 3,348 3,467
Advertising and public relations 4,886 4,686
Intangible amortization 1,212 1,426
Communications 2,024 1,980
Other 14,669 12,749
Total noninterest expense 112,912 109,208
Income (loss) before income taxes 49,321 57,400
Income taxes 9,912 11,322
Net income (loss) $ 39,409 $ 46,078
Basic earnings per share (in usd per share) $ 0.70 $ 0.82
Diluted earnings per share (in usd per share) 0.70 0.82
Cash dividends per common share (in usd per share) $ 0.22 $ 0.22