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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 $ 989,616 $ 728,342 $ 571,960
Investment securities      
Taxable 138,575 91,933 30,054
Tax-exempt 31,618 28,356 19,642
Deposits – other banks 15,023 29,110 3,515
Federal funds sold 221 25 0
Total interest income 1,175,053 877,766 625,171
Interest expense:      
Interest on deposits 295,978 85,989 24,936
Federal funds purchased 3 2 0
FHLB and other borrowed funds 30,825 11,076 7,604
Securities sold under agreements to repurchase 4,813 1,430 497
Subordinated debentures 16,489 20,593 19,163
Total interest expense 348,108 119,090 52,200
Net interest income 826,945 758,676 572,971
Provision for credit losses on loans 11,950 50,170 0
(Recovery of) provision for credit losses on unfunded commitments (1,500) 11,410 (4,752)
Provision for credit losses on investment securities 1,683 2,005 0
Total credit loss expense 12,133 63,585 (4,752)
Net interest income after provision for credit losses 814,812 695,091 577,723
Non-interest income:      
Trust fees 17,892 12,855 1,960
Mortgage lending income 10,738 17,657 25,676
Insurance commissions 2,086 2,192 1,943
Increase in cash value of life insurance 4,655 3,800 2,049
Dividends from FHLB, FRB, FNBB & other 11,642 9,198 14,835
Gain on sale of SBA loans 278 183 2,380
Gain (loss) on branches, equipment and other assets, net 1,507 15 (105)
Gain on OREO, net 332 500 2,003
Gain on securities, net 0 0 219
Fair value adjustment for marketable securities (1,094) (1,272) 7,178
Other income 38,503 48,281 20,704
Total non-interest income 169,934 175,111 137,569
Non-interest expense:      
Salaries and employee benefits 256,966 238,885 170,755
Occupancy and equipment 60,303 53,417 36,631
Data processing expense 36,329 34,942 24,280
Merger and acquisition expenses 0 49,594 1,886
Other operating expenses 119,265 98,789 64,965
Total non-interest expense 472,863 475,627 298,517
Income before income taxes 511,883 394,575 416,775
Income tax expense 118,954 89,313 97,754
Net income $ 392,929 $ 305,262 $ 319,021
Basic earnings per common share (in dollars per share) $ 1.94 $ 1.57 $ 1.94
Diluted earnings per common share (in dollars per share) $ 1.94 $ 1.57 $ 1.94
Other service charges and fees      
Non-interest income:      
Service charges $ 39,207 $ 37,114 $ 22,276
Trust fees      
Non-interest income:      
Service charges $ 44,188 $ 44,588 $ 36,451