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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividends on securities      
Taxable $ 82,926 $ 56,611 $ 29,206
Nontaxable 354 546 577
Interest and fees on loans 581,105 315,717 251,471
Interest on interest bearing deposits and other investments 24,590 7,620 2,990
Total Interest Income 688,975 380,494 284,244
Interest Expense      
Interest on deposits 126,535 7,318 3,605
Interest on time certificates 52,254 2,642 2,788
Interest on securities sold under agreement to repurchase 8,323 986 141
Interest on Federal Home Loan Bank borrowings 6,378 330 0
Interest on long-term debt 7,245 3,056 1,685
Total Interest Expense 200,735 14,332 8,219
Net Interest Income 488,240 366,162 276,025
Provision for credit losses 37,518 26,183 (9,421)
Net Interest Income After Provision for Credit Losses 450,722 339,979 285,446
Noninterest Income:      
Service charges on deposit accounts 18,278 13,709 9,777
Interchange income 13,877 17,171 16,231
Wealth management income 12,780 11,051 9,628
Mortgage banking fees 1,790 3,478 11,782
Insurance agency income 4,510 805 0
SBA gains 2,105 842 1,531
BOLI income 8,401 5,572 4,154
Other 20,304 14,559 18,202
Noninterest income, excluding securities gains (losses) 82,045 67,187 71,305
Securities losses, net (includes net losses of $2.9 million for 2023, $0 for 2022 and net gains of $2.2 million for 2021 in other comprehensive income reclassifications) (2,893) (1,096) (578)
Total Noninterest Income 79,152 66,091 70,727
Noninterest Expense:      
Salaries and wages 177,637 130,100 97,283
Employee benefits 29,918 19,026 17,873
Outsourced data processing costs 52,098 27,510 19,919
Telephone / data lines 5,204 3,799 3,223
Occupancy 26,668 18,539 14,140
Furniture and equipment 8,692 6,420 5,390
Marketing 9,156 6,286 4,583
Legal and professional fees 17,514 20,703 11,376
FDIC assessments 8,630 3,137 2,405
Amortization of intangibles 28,726 9,101 5,033
Other real estate owned expense and net loss (gain) on sale 985 (1,534) (264)
Provision for credit losses on unfunded commitments 1,239 1,157 133
Other 29,155 23,690 16,341
Total Noninterest Expense 395,622 267,934 197,435
Income Before Income Taxes 134,252 138,136 158,738
Income taxes 30,219 31,629 34,335
Net Income $ 104,033 $ 106,507 $ 124,403
Net income per share of common stock      
Diluted (in dollars per share) $ 1.23 $ 1.66 $ 2.18
Basic (in dollars per share) $ 1.24 $ 1.67 $ 2.20
Average common shares outstanding      
Diluted (in shares) 84,329 64,264 57,088
Basic (in shares) 83,800 63,707 56,586