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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest, fee and dividend income        
Interest and fees on loans $ 141,991 $ 122,097 $ 411,743 $ 329,931
Securities available for sale 7,815 7,495 22,501 22,604
Securities held to maturity 5,042 5,281 15,535 15,307
Other 1,382 2,221 4,154 4,033
Total interest, fee and dividend income 156,230 137,094 453,933 371,875
Interest expense        
Deposits 49,106 30,758 140,133 61,888
Short-term borrowings 1,431 7,612 7,751 20,657
Long-term debt 292 294 873 631
Subordinated debt 1,810 1,612 5,416 4,281
Junior subordinated debt 1,922 1,923 5,743 5,372
Total interest expense 54,561 42,199 159,916 92,829
Net interest income 101,669 94,895 294,017 279,046
Provision for loan losses 2,920 12,633 17,398 20,148
Net interest income after provision for loan losses 98,749 82,262 276,619 258,898
Noninterest income        
Service charges on deposit accounts 4,340 3,979 12,676 11,260
Card services income 5,897 5,503 16,679 15,469
Retirement plan administration fees 14,578 12,798 43,663 35,995
Wealth management 10,929 9,297 30,799 25,611
Insurance services 4,913 4,361 13,149 12,008
Bank owned life insurance income 1,868 1,568 6,054 4,974
Net securities gains (losses) 476 (183) 2,567 (9,822)
Other 2,773 2,913 8,811 8,195
Total noninterest income 45,774 40,236 134,398 103,690
Noninterest expense        
Salaries and employee benefits 59,641 49,248 170,738 144,237
Technology and data services 9,920 9,677 28,919 27,989
Occupancy 7,754 7,090 23,523 21,233
Professional fees and outside services 4,871 4,149 14,289 12,486
Office supplies and postage 1,756 1,700 5,425 5,004
FDIC assessment 1,815 1,657 5,217 4,397
Advertising 711 667 2,396 1,841
Amortization of intangible assets 2,062 1,609 6,363 2,603
Loan collection and other real estate owned, net 560 569 1,828 2,115
Acquisition expenses 543 7,917 543 9,724
Other 6,112 6,514 17,865 17,284
Total noninterest expense 95,745 90,797 277,106 248,913
Income before income tax expense 48,778 31,701 133,911 113,675
Income tax expense 10,681 7,095 29,275 25,339
Net income $ 38,097 $ 24,606 $ 104,636 $ 88,336
Earnings per share        
Basic (in dollars per share) $ 0.81 $ 0.54 $ 2.22 $ 2.02
Diluted (in dollars per share) $ 0.8 $ 0.54 $ 2.21 $ 2.01