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Consolidated Statements of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans, including fees $ 302,044,000 $ 216,138,000 $ 164,073,000
Federal funds sold and interest bearing due from banks 8,411,000 6,018,000 645,000
Mortgage loans held for sale 211,000 190,000 249,000
Federal Home Loan Bank stock 1,560,000 505,000 262,000
Investment securities:      
Taxable 32,706,000 27,302,000 11,575,000
Tax-exempt 1,764,000 1,499,000 272,000
Total interest income 346,696,000 251,652,000 177,076,000
Interest expense:      
Deposits 81,585,000 16,412,000 5,627,000
Securities sold under agreements to repurchase 2,087,000 567,000 24,000
Federal funds purchased and other short-term borrowing 689,000 154,000 14,000
Federal Home Loan Bank advances 12,768,000 12,000 337,000
Subordinated debentures 2,235,000 1,124,000 0
Total interest expense 99,364,000 18,269,000 6,002,000
Net interest income 247,332,000 233,383,000 171,074,000
Provision for credit losses 13,796,000 10,257,000 (753,000)
Net interest income after provision expense 233,536,000 223,126,000 171,827,000
Non-interest income:      
Mortgage banking income [1] 3,705,000 3,210,000 4,724,000
Loss on sale of securities AFS debt securities (44,000) [1] 0 0
Bank owned life insurance [1] 2,253,000 1,597,000 914,000
Gain (loss) on sale of premises and equipment [1] (30,000) 4,341,000 (78,000)
Total non-interest income 92,220,000 89,149,000 65,850,000
Non-interest expenses:      
Compensation 91,876,000 86,640,000 63,034,000
Employee benefits 18,451,000 16,568,000 13,479,000
Net occupancy and equipment 16,384,000 14,298,000 9,688,000
Technology and communication 17,318,000 14,897,000 11,145,000
Debit and credit card processing 6,481,000 5,909,000 4,494,000
Marketing and business development 5,990,000 5,005,000 4,150,000
Postage, printing and supplies 3,604,000 3,354,000 2,213,000
Legal and professional 3,958,000 2,943,000 2,583,000
FDIC insurance 3,911,000 2,758,000 1,847,000
Amortization of investments in tax credit partnerships 1,294,000 353,000 367,000
Capital and deposit based taxes 2,476,000 2,621,000 2,090,000
Merger expenses 0 19,500,000 19,025,000
Federal Home Loans Bank early termination penalty 0 0 474,000
Intangible amortization 4,686,000 5,544,000 770,000
Loss on disposition of LFA 0 870,000 0
Other 11,400,000 10,531,000 6,921,000
Total non-interest expenses 187,829,000 191,791,000 142,280,000
Income before income tax expense 137,927,000 120,484,000 95,397,000
Income tax expense 30,179,000 27,190,000 20,752,000
Net income 107,748,000 93,294,000 74,645,000
Less net income attributed to non-controlling interest 0 322,000 0
Net income available to stockholders $ 107,748,000 $ 92,972,000 $ 74,645,000
Net income per share - basic (in dollars per share) $ 3.69 $ 3.24 $ 3
Net income per share - diluted (in dollars per share) $ 3.67 $ 3.21 $ 2.97
Weighted average outstanding shares:      
Basic (in shares) 29,212 28,672 24,898
Diluted (in shares) 29,343 28,922 25,156
Fiduciary and Trust [Member]      
Non-interest income:      
Non-interest income $ 39,802,000 $ 36,111,000 $ 27,613,000
Deposit Account [Member]      
Non-interest income:      
Non-interest income 8,866,000 8,286,000 5,852,000
Credit and Debit Card [Member]      
Non-interest income:      
Non-interest income 19,438,000 18,623,000 13,456,000
Treasury Management [Member]      
Non-interest income:      
Non-interest income 10,033,000 8,590,000 6,912,000
Investment Advisory, Management and Administrative Service [Member]      
Non-interest income:      
Non-interest income 3,205,000 3,063,000 2,553,000
Product and Service, Other [Member]      
Non-interest income:      
Non-interest income $ 4,992,000 $ 5,328,000 $ 3,904,000
[1] Outside of the scope of ASC 606.