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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income      
Interest and fees on loans $ 418,668 $ 278,027 $ 219,013
Interest on investment securities:      
Taxable interest income 52,276 53,536 32,076
Tax-exempt interest income 4,485 4,387 2,402
Other, principally overnight investments 13,330 5,007 2,427
Total interest income 488,759 340,957 255,918
Interest Expense      
Interest on deposits 114,866 11,349 7,881
Interest on borrowings 27,235 4,754 1,642
Total interest expense 142,101 16,103 9,523
Net interest income 346,658 324,854 246,395
Provision for loan losses 19,750 12,600 9,611
(Reversal of) provision for unfunded commitments (1,937) (200) 5,420
Total provision for credit losses 17,813 12,400 15,031
Net interest income after provision for credit losses 328,845 312,454 231,364
Noninterest Income      
Service charges on deposit accounts 16,800 15,523 12,317
Other service charges, commissions and fees 22,270 26,294 25,516
Presold mortgage loan gains 1,613 2,102 10,975
Commissions from sales of insurance and financial products 5,503 5,195 6,947
SBA consulting fees 1,803 2,608 7,231
SBA loan sale gains 2,489 5,076 7,329
Bank-owned life insurance income 4,350 3,847 2,885
Securities losses, net 0 0 (1,237)
Other gains, net 2,662 7,340 1,648
Total noninterest income 57,490 67,985 73,611
Noninterest Expense      
Salaries 114,377 96,321 86,815
Employee benefits 25,474 21,397 16,434
Total personnel expense 139,851 117,718 103,249
Occupancy expense 14,963 12,796 11,528
Equipment related expenses 6,027 5,808 4,492
Merger and acquisition expenses 13,695 5,072 16,845
Intangibles amortization 8,003 3,684 3,531
Other operating expenses 71,840 50,142 45,011
Total noninterest expense 254,379 195,220 184,656
Income before income taxes 131,956 185,219 120,319
Income tax expense 27,825 38,283 24,675
Net income $ 104,131 $ 146,936 $ 95,644
Earnings per common share: Basic (in usd per shares) $ 2.54 $ 4.12 $ 3.19
Earnings per common share: Diluted (in usd per share) 2.53 4.12 3.19
Dividends declared per common share (in usd per shares) $ 0.88 $ 0.88 $ 0.80
Weighted average common shares outstanding:      
Basic (in shares) 40,746,772 35,485,620 29,876,151
Diluted (in shares) 41,164,834 35,674,730 30,027,785