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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      
Loans and fees $ 432,038 $ 325,001 $ 237,037
Federal funds sold and interest-bearing deposits with banks 5,309 1,295 440
Taxable investment securities and other 47,476 35,352 17,208
Tax-exempt investment securities 6,215 5,895 2,633
Total Interest Income 491,038 367,543 257,318
Interest Expense      
Total 163,095 44,253 16,793
Federal funds purchased and securities sold under agreements to repurchase 33,564 3,658 78
Other borrowings 12,698 7,017 5,612
Total Interest Expense 209,357 54,928 22,483
Net Interest Income 281,681 312,615 234,835
Provision (benefit) for credit losses 13,052 8,514 (10,896)
Net Interest Income after Provision (Benefit) for Credit Losses 268,629 304,101 245,731
Noninterest Income      
Service charges on deposit accounts 10,339 10,985 9,856
Commissions and fees 7,225 9,116 6,939
Income on bank owned life insurance 3,450 3,980 2,676
Gain (loss) on equity securities 110 (1,302) (285)
Gains on sales of loans 1,513 2,765 2,264
Gains on investment securities transactions, net 0 0 9
Swap income 1,596 1,576 634
Other income 905 979 268
Total Noninterest Income 25,138 28,099 22,361
Total Noninterest Income      
Compensation and employee benefits 108,874 108,167 82,589
Premises and equipment 31,304 30,882 24,773
FDIC insurance expense 5,294 2,724 2,341
Data processing expense 7,563 6,238 5,454
Merger-related expenses 864 8,606 1,782
Other operating expenses 29,075 31,591 23,818
Total Noninterest Expense 182,974 188,208 140,757
Income before provision for income taxes 110,793 143,992 127,335
Provision for income taxes 26,053 36,623 32,294
Net Income $ 84,740 $ 107,369 $ 95,041
Per Share of Common Stock      
Basic earnings (usd per share) $ 1.29 $ 1.64 $ 1.85
Diluted earnings (usd per share) 1.29 1.63 1.85
Cash dividends paid (usd per share) $ 0.58 $ 0.57 $ 0.53