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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income        
Interest and fees on loans $ 112,931 $ 110,472 $ 223,464 $ 220,270
Interest on investment securities:        
Taxable interest income 16,857 11,291 32,381 24,019
Tax-exempt interest income 1,116 1,117 2,232 2,234
Other, principally overnight investments 5,837 5,942 11,324 8,913
Total interest income 136,741 128,822 269,401 255,436
Interest Expense        
Interest on deposits 38,405 44,744 76,524 83,879
Interest on borrowings 1,660 2,963 3,318 11,168
Total interest expense 40,065 47,707 79,842 95,047
Net interest income 96,676 81,115 189,559 160,389
Provision for credit losses 2,212 541 3,328 1,741
Net interest income after provision for credit losses 94,464 80,574 186,231 158,648
Noninterest Income        
Service charges on deposit accounts 3,976 4,139 7,743 8,007
Other service charges and fees 6,595 5,314 12,478 10,884
Presold mortgage loan fees and gains on sale 315 588 765 926
Commissions from sales of financial products 1,388 1,377 2,796 2,697
SBA loan sale gains 151 1,336 203 2,231
Bank-owned life insurance income 1,221 1,179 2,449 2,343
Securities losses, net 0 (186) 0 (1,161)
Other income, net 695 854 809 1,570
Total noninterest income 14,341 14,601 27,243 27,497
Noninterest Expense        
Salaries, incentives and commissions expense 29,005 27,809 57,666 55,451
Employee benefit expense 6,187 6,703 12,282 12,972
Total personnel expense 35,192 34,512 69,948 68,423
Occupancy and equipment expense 5,195 4,877 10,387 10,952
Intangibles amortization expense 1,468 1,669 2,984 3,428
Other operating expenses 17,128 17,233 33,557 34,675
Total noninterest expenses 58,983 58,291 116,876 117,478
Income before income taxes 49,822 36,884 96,598 68,667
Income tax expense 11,256 8,172 21,626 14,683
Net income $ 38,566 $ 28,712 $ 74,972 $ 53,984
Earnings per common share:        
Basic (in dollars per share) $ 0.93 $ 0.70 $ 1.81 $ 1.31
Diluted (in dollars per share) $ 0.93 $ 0.70 $ 1.81 $ 1.31
Weighted average common shares outstanding:        
Basic (in shares) 41,168,260 40,879,684 41,149,623 40,861,775
Diluted (in shares) 41,441,393 41,262,091 41,424,063 41,256,081