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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME      
Loans, including fees $ 467,540 $ 336,340 $ 316,124
Debt securities:      
Taxable 36,838 24,456 6,327
Tax-exempt 72 93 204
Federal funds sold 226 83  
Interest-bearing deposits with banks 119,260 58,848 4,366
Total interest income 623,936 419,820 327,021
INTEREST EXPENSE      
Deposits 195,046 41,965 8,232
Short-term borrowings 312 60 2
Subordinated debt 4,122 4,122 3,130
Total interest expense 199,480 46,147 11,364
Net interest income 424,456 373,673 315,657
Provision for/(benefit from) credit losses 7,458 10,076 (8,690)
Net interest income after provision for (benefit from) credit losses 416,998 363,597 324,347
NONINTEREST INCOME      
Securities transactions (includes accumulated other comprehensive income reclassifications of $0, $1,536 and $0, respectively (1,828) (1,833) 1,047
Income from sales of loans 2,607 4,548 7,282
Insurance commissions 30,615 26,883 23,745
Cash management 30,716 19,326 12,313
Gain on sale of other assets 1,603 448 2,762
Other 25,544 31,973 26,546
Total noninterest income 185,408 183,747 170,032
NONINTEREST EXPENSE      
Salaries and employee benefits 199,986 184,976 166,723
Occupancy, net 21,027 19,326 18,483
Depreciation 18,657 18,600 16,925
Amortization of intangible assets 3,532 3,448 3,116
Data processing services 8,368 7,584 6,735
Net expense from other real estate owned 15,938 9,911 9,089
Marketing and business promotion 9,114 8,074 7,403
Deposit insurance 5,827 4,735 3,456
Other 50,009 53,258 54,051
Total noninterest expense 332,458 309,912 285,981
Income before taxes 269,948 237,432 208,398
Income tax expense 57,483 44,332 40,768
Net income $ 212,465 $ 193,100 $ 167,630
NET INCOME PER COMMON SHARE      
Basic $ 6.45 $ 5.89 $ 5.12
Diluted $ 6.34 $ 5.77 $ 5.03
OTHER COMPREHENSIVE (LOSS)/GAIN      
Unrealized gains/(losses) on available for sale debt securities, net of tax (expense)/benefit of $(6,634), $23,160 and $1,829, respectively $ 21,521 $ (74,880) $ (5,280)
Reclassification adjustment for available for sale debt security gains included in net income, net of tax expense of $0, $(369) and $0, respectively   1,167  
Other comprehensive gain/(loss), net of tax (expense)/benefit of $(6,634), $22,791 and $1,829, respectively 21,521 (73,713) (5,280)
Comprehensive income 233,986 119,387 162,350
Trust Revenue [Member]      
NONINTEREST INCOME      
Revenue 18,784 15,645 12,912
Service Charges on Deposits [Member]      
NONINTEREST INCOME      
Revenue $ 77,367 $ 86,757 $ 83,425