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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 443,124 $ 314,866 $ 270,460
Investment Securities:      
Taxable 31,611 23,743 15,706
Tax-exempt 852 1,579 2,593
Dividends 2,314 563 503
Total Interest and Dividend Income 477,901 340,751 289,262
INTEREST EXPENSE      
Deposits 92,836 19,907 10,757
Borrowings, junior subordinated debt securities and other 35,655 5,061 2,393
Total Interest Expense 128,491 24,968 13,150
NET INTEREST INCOME 349,410 315,783 276,112
Provision for credit losses 17,892 8,366 16,215
Net Interest Income After Provision for Credit Losses 331,518 307,417 259,897
NONINTEREST INCOME      
Net gain on sale of securities 0 198 29
Mortgage banking 1,164 2,215 9,734
Other 9,829 7,292 9,052
Total Noninterest Income 57,620 58,259 64,696
NONINTEREST EXPENSE      
Salaries and employee benefits 111,462 103,221 100,214
Data processing and information technology 17,437 16,918 16,681
Occupancy 14,814 14,812 14,544
Furniture, equipment and software 12,912 11,606 10,684
Professional services and legal 7,823 8,318 6,368
Marketing 6,488 5,600 4,553
Other taxes 6,813 6,620 6,644
FDIC insurance 4,122 2,854 4,224
Other 28,463 26,797 25,013
Total Noninterest Expense 210,334 196,746 188,925
Income Before Taxes 178,804 168,930 135,668
Income tax expense 34,023 33,410 25,325
Net Income $ 144,781 $ 135,520 $ 110,343
Earnings per share—basic (in dollars per share) $ 3.76 $ 3.47 $ 2.81
Earnings per share—diluted (in dollars per share) 3.74 3.46 2.81
Dividends declared per common share (in dollars per share) $ 1.29 $ 1.20 $ 1.13
Debit and credit card      
NONINTEREST INCOME      
Revenues from contract with customers $ 18,248 $ 19,008 $ 17,952
Service charges on deposit accounts      
NONINTEREST INCOME      
Revenues from contract with customers 16,193 16,829 15,040
Wealth management      
NONINTEREST INCOME      
Revenues from contract with customers $ 12,186 $ 12,717 $ 12,889