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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividends on securities      
Taxable $ 99,456 $ 82,926 $ 56,611
Nontaxable 135 354 546
Interest and fees on loans 597,366 581,105 315,717
Interest on interest-bearing deposits and other investments 28,602 24,590 7,620
Total Interest Income 725,559 688,975 380,494
Interest Expense      
Interest on deposits 198,210 126,535 7,318
Interest on time certificates 70,777 52,254 2,642
Interest on securities sold under agreement to repurchase 9,390 8,323 986
Interest on FHLB borrowings 7,726 6,378 330
Interest on long-term debt 7,485 7,245 3,056
Total Interest Expense 293,588 200,735 14,332
Net Interest Income 431,971 488,240 366,162
Provision for credit losses 16,258 37,518 26,183
Net Interest Income After Provision for Credit Losses 415,713 450,722 339,979
Noninterest income:      
Service charges on deposit accounts 20,852 18,278 13,709
Interchange income 7,599 13,877 17,171
Wealth management income 15,168 12,780 11,051
Mortgage banking fees 1,774 1,790 3,478
Insurance agency income 5,196 4,510 805
BOLI income 10,065 8,401 5,572
Other 30,790 22,409 15,401
Noninterest income, excluding securities gains (losses) 91,444 82,045 67,187
Securities losses, net (includes net losses of $12.0 million for 2024, $2.9 million for 2023 and $0 for 2022 in other comprehensive income reclassifications) (8,016) (2,893) (1,096)
Total Noninterest Income 83,428 79,152 66,091
Noninterest expense:      
Salaries and wages 162,316 177,637 130,100
Employee benefits 28,253 29,918 19,026
Outsourced data processing costs 36,638 52,098 27,510
Occupancy 29,547 31,872 22,338
Furniture and equipment 8,031 8,692 6,420
Marketing 10,776 9,156 6,286
Legal and professional fees 9,648 17,514 20,703
FDIC assessments 8,445 8,630 3,137
Amortization of intangibles 23,884 28,726 9,101
Other real estate owned expense and net loss (gain) on sale 440 985 (1,534)
Provision for credit losses on unfunded commitments 1,001 1,239 1,157
Other 24,322 29,155 23,690
Total Noninterest Expense 343,301 395,622 267,934
Income Before Income Taxes 155,840 134,252 138,136
Provision for income tax expense 34,854 30,219 31,629
Net Income $ 120,986 $ 104,033 $ 106,507
Net income per share of common stock      
Diluted (in dollars per share) $ 1.42 $ 1.23 $ 1.66
Basic (in dollars per share) $ 1.43 $ 1.24 $ 1.67
Average common shares outstanding      
Diluted (in shares) 85,040 84,329 64,264
Basic (in shares) 84,367 83,800 63,707