XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest, fee and dividend income        
Interest and fees on loans $ 136,606 $ 106,935 $ 269,752 $ 207,834
Securities available for sale 7,562 7,493 14,686 15,109
Securities held to maturity 5,190 4,991 10,493 10,026
Other 1,408 1,170 2,772 1,812
Total interest, fee and dividend income 150,766 120,589 297,703 234,781
Interest expense        
Deposits 46,688 19,986 91,027 31,130
Short-term borrowings 2,899 8,126 6,320 13,045
Long-term debt 291 290 581 337
Subordinated debt 1,806 1,335 3,606 2,669
Junior subordinated debt 1,908 1,767 3,821 3,449
Total interest expense 53,592 31,504 105,355 50,630
Net interest income 97,174 89,085 192,348 184,151
Provision for loan losses 8,899 3,606 14,478 7,515
Net interest income after provision for loan losses 88,275 85,479 177,870 176,636
Noninterest income        
Service charges on deposit accounts 4,219 3,733 8,336 7,281
Card services income 5,587 5,121 10,782 9,966
Retirement plan administration fees 14,798 11,735 29,085 23,197
Wealth management 10,173 8,227 19,870 16,314
Insurance services 3,848 3,716 8,236 7,647
Bank owned life insurance income 1,834 1,528 4,186 3,406
Net securities (losses) gains (92) (4,641) 2,091 (9,639)
Other 2,865 2,626 6,038 5,282
Total noninterest income 43,232 32,045 88,624 63,454
Noninterest expense        
Salaries and employee benefits 55,393 46,834 111,097 94,989
Technology and data services 9,249 9,305 18,999 18,312
Occupancy 7,671 6,923 15,769 14,143
Professional fees and outside services 4,565 4,159 9,418 8,337
Office supplies and postage 1,804 1,676 3,669 3,304
FDIC assessment 1,667 1,344 3,402 2,740
Advertising 873 525 1,685 1,174
Amortization of intangible assets 2,133 458 4,301 994
Loan collection and other real estate owned, net 715 691 1,268 1,546
Acquisition expenses 0 1,189 0 1,807
Other 5,518 5,690 11,753 10,770
Total noninterest expense 89,588 78,794 181,361 158,116
Income before income tax expense 41,919 38,730 85,133 81,974
Income tax expense 9,203 8,658 18,594 18,244
Net income $ 32,716 $ 30,072 $ 66,539 $ 63,730
Earnings per share        
Basic (in dollars per share) $ 0.69 $ 0.7 $ 1.41 $ 1.49
Diluted (in dollars per share) $ 0.69 $ 0.7 $ 1.4 $ 1.48