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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Interest and fees on loans $ 109,756 $ 99,380
Interest on investment securities:    
Taxable interest income 12,728 13,416
Tax-exempt interest income 1,117 1,130
Other, principally overnight investments 2,971 3,248
Total interest income 126,572 117,174
Interest Expense    
Interest on deposits 39,135 18,918
Interest on borrowings 8,205 5,770
Total interest expense 47,340 24,688
Net interest income 79,232 92,486
Provision for credit losses 1,200 12,502
Net interest income after provision for credit losses 78,032 79,984
Noninterest Income    
Service charges on deposit accounts 3,868 3,894
Other service charges, commissions and fees 5,612 5,920
Presold mortgage loan fees and gains on sale 338 406
Commissions from sales of financial products 1,320 1,306
SBA consulting fees 257 521
SBA loan sale gains 895 255
Bank-owned life insurance income 1,164 1,046
Securities losses, net (975) 0
Other gains, net 459 188
Total noninterest income 12,938 13,536
Noninterest Expense    
Salaries 27,642 29,321
Employee benefits 6,269 6,393
Total personnel expense 33,911 35,714
Occupancy expense 3,663 3,688
Equipment related expenses 1,925 1,379
Merger and acquisition expenses 0 12,182
Intangibles amortization 1,759 2,145
Other operating expenses 17,929 19,067
Total noninterest expenses 59,187 74,175
Income before income taxes 31,783 19,345
Income tax expense 6,511 4,184
Net income $ 25,272 $ 15,161
Earnings per common share:    
Basic (in dollars per share) $ 0.61 $ 0.37
Diluted (in dollars per share) $ 0.61 $ 0.37
Weighted average common shares outstanding:    
Basic (in shares) 40,843,865 40,583,417
Diluted (in shares) 41,249,636 41,112,692