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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME      
Interest and fees on loans $ 321,665 $ 294,541 $ 157,768
Interest and dividends on securities:      
Taxable interest and dividends 32,999 32,202 29,656
Tax-exempt interest 11,727 11,737 11,017
Interest on deposits in banks 3,444 2,453 1,952
Total interest income 369,835 340,933 200,393
INTEREST EXPENSE      
Interest on deposits 117,850 71,359 13,978
Interest on borrowed funds 17,716 20,249 8,599
Total interest expense 135,566 91,608 22,577
Net interest income 234,269 249,325 177,816
Provision for credit losses, LHFI 3,758 13,750 5,350
Provision for credit losses, OBSC exposures 32 750 255
Net interest income after provision for credit losses 230,479 234,825 172,211
NON-INTEREST INCOME      
Service charges on deposit accounts 13,905 14,175 8,668
Other service charges and fees 2,713 3,177 1,833
Interchange fees 17,914 18,914 12,702
Secondary market mortgage income 3,354 2,866 4,303
Bank owned life insurance income 3,820 3,319 2,101
BOLI death proceeds 600 0 1,630
Gain (loss) on sale of premises (183) 35 (116)
Securities (loss) gain (31) (9,716) (82)
Change in value of equity securities (78) 0 0
Gain (loss) on sale of other real estate (87) 6 214
Government awards/grants 280 6,197 873
Bargain purchase gain 0 0 281
Other 7,555 7,732 4,554
Total non-interest income 49,762 46,705 36,961
NON-INTEREST EXPENSE      
Salaries 80,421 76,609 57,903
Employee benefits 21,732 16,803 15,174
Occupancy 18,530 17,381 12,854
Furniture and equipment 4,325 3,987 2,981
Supplies and printing 1,153 1,240 967
Professional and consulting fees 6,208 6,446 3,558
Marketing and public relations 445 833 393
FDIC and OCC assessments 4,015 3,849 2,122
ATM expense 7,226 5,821 3,873
Bank communications 2,525 3,579 1,904
Data processing 1,611 2,771 2,211
Acquisition expense/charter conversion 3,740 9,075 6,410
Amortization of core deposit intangible 9,533 9,563 4,664
Other 20,812 26,769 15,469
Total non-interest expense 182,276 184,726 130,483
Income before income taxes 97,965 96,804 78,689
Income taxes 20,771 21,347 15,770
Net income available to common stockholders, basic 77,194 75,457 62,919
Net income available to common stockholders, diluted $ 77,194 $ 75,457 $ 62,919
Earnings per share:      
Basic (in dollars per share) $ 2.45 $ 2.41 $ 2.86
Diluted (in dollars per share) $ 2.44 $ 2.39 $ 2.84