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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 120,907 $ 114,258 $ 359,048 $ 325,681
Investment Securities:        
Taxable 10,221 7,857 27,577 23,120
Tax-exempt 165 213 526 642
Dividends 181 631 842 1,752
Total Interest and Dividend Income 131,474 122,959 387,993 351,195
INTEREST EXPENSE        
Deposits 42,493 24,910 118,784 59,915
Borrowings, junior subordinated debt securities and other 4,504 10,662 17,661 26,979
Total Interest Expense 46,997 35,572 136,445 86,894
NET INTEREST INCOME 84,477 87,387 251,548 264,301
Provision for credit losses (454) 5,498 2,595 16,949
Net Interest Income After Provision for Credit Losses 84,931 81,889 248,953 247,352
NONINTEREST INCOME        
Net loss on sale of securities (2,199) 0 (5,346) 0
Mortgage banking 355 294 886 884
Other 1,781 131 7,630 3,767
Total Noninterest Income 11,877 12,178 38,012 39,559
NONINTEREST EXPENSE        
Salaries and employee benefits 31,274 27,521 91,174 80,513
Data processing and information technology 5,003 4,479 14,172 12,914
Occupancy 3,828 3,671 11,347 11,216
Furniture, equipment and software 3,410 3,125 10,264 9,178
Marketing 1,382 1,741 4,729 5,053
Other taxes 1,874 1,831 5,178 4,943
Professional services and legal 1,229 1,965 4,352 5,855
FDIC insurance 1,054 1,029 3,156 3,073
Other 6,311 7,437 19,121 21,386
Total Noninterest Expense 55,365 52,799 163,493 154,131
Income Before Taxes 41,443 41,268 123,472 132,780
Income tax expense 8,853 7,800 25,272 25,046
Net Income $ 32,590 $ 33,468 $ 98,200 $ 107,734
Earnings per share—basic (in dollars per share) $ 0.85 $ 0.88 $ 2.57 $ 2.79
Earnings per share—diluted (in dollars per share) 0.85 0.87 2.55 2.78
Dividends declared per common share (in dollars per share) $ 0.33 $ 0.32 $ 0.99 $ 0.96
Comprehensive Income $ 66,016 $ 21,875 $ 128,592 $ 94,223
Debit and credit card        
NONINTEREST INCOME        
Revenues from contract with customers 4,688 4,690 13,636 13,708
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenues from contract with customers 4,181 4,060 12,098 12,064
Wealth management        
NONINTEREST INCOME        
Revenues from contract with customers $ 3,071 $ 3,003 $ 9,108 $ 9,136