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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        
Loans, including fees $ 265,373 $ 270,937 $ 523,128 $ 532,427
Interest bearing balances due from banks and federal funds sold 2,531 2,964 5,234 5,974
Investment securities 46,898 55,050 94,155 113,051
Mortgage loans held for sale 221 194 343 342
TOTAL INTEREST INCOME 315,023 329,145 622,860 651,794
INTEREST EXPENSE        
Deposits 126,339 153,033 256,793 304,966
Federal funds purchased and securities sold under agreements to repurchase 59 156 172 345
Other borrowings 10,613 15,025 18,327 26,674
Subordinated notes and debentures 6,188 7,026 12,322 13,998
TOTAL INTEREST EXPENSE 143,199 175,240 287,614 345,983
NET INTEREST INCOME 171,824 153,905 335,246 305,811
Provision for credit losses 11,945 11,099 38,742 21,305
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 159,879 142,806 296,504 284,506
NONINTEREST INCOME        
Bank owned life insurance income 3,890 3,876 7,982 7,690
Other income 4,837 6,410 12,844 13,582
TOTAL NONINTEREST INCOME 42,354 43,299 88,509 86,483
NONINTEREST EXPENSE        
Salaries and employee benefits 73,862 70,716 148,686 143,369
Occupancy expense, net 11,844 11,864 24,495 24,122
Furniture and equipment expense 5,474 5,623 10,939 10,764
Other real estate and foreclosure expense 216 117 414 296
Deposit insurance 4,917 5,682 10,308 12,817
Other operating expenses 42,276 45,352 88,327 87,865
TOTAL NONINTEREST EXPENSE 138,589 139,354 283,169 279,233
INCOME BEFORE INCOME TAXES 63,644 46,751 101,844 91,756
Provision for income taxes 8,871 5,988 14,683 12,122
NET INCOME $ 54,773 $ 40,763 $ 87,161 $ 79,634
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.43 $ 0.32 $ 0.69 $ 0.64
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.43 $ 0.32 $ 0.69 $ 0.63
Service charges on deposit accounts        
NONINTEREST INCOME        
Non-interest income $ 12,588 $ 12,252 $ 25,223 $ 24,207
Debit and credit card fees        
NONINTEREST INCOME        
Non-interest income 8,567 8,162 17,013 16,408
Wealth management fees        
NONINTEREST INCOME        
Non-interest income 9,464 9,187 19,093 17,585
Mortgage lending income        
NONINTEREST INCOME        
Non-interest income 1,687 1,973 3,700 4,293
Other service charges and fees        
NONINTEREST INCOME        
Non-interest income $ 1,321 $ 1,439 $ 2,654 $ 2,718