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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:      
Loans $ 1,100,004 $ 989,616 $ 728,342
Investment securities      
Taxable 125,765 138,575 91,933
Tax-exempt 30,980 31,618 28,356
Deposits – other banks 42,773 15,023 29,110
Federal funds sold 255 221 25
Total interest income 1,299,777 1,175,053 877,766
Interest expense:      
Interest on deposits 376,638 295,978 85,989
Federal funds purchased 1 3 2
FHLB and other borrowed funds 52,455 30,825 11,076
Securities sold under agreements to repurchase 5,448 4,813 1,430
Subordinated debentures 16,461 16,489 20,593
Total interest expense 451,003 348,108 119,090
Net interest income 848,774 826,945 758,676
Provision for credit losses on loans 48,400 11,950 50,170
(Recovery of) provision for credit losses on unfunded commitments 0 (1,500) 11,410
(Recovery of ) provision for credit losses on investment securities (330) 1,683 2,005
Total credit loss expense 48,070 12,133 63,585
Net interest income after provision for credit losses 800,704 814,812 695,091
Non-interest income:      
Trust fees 18,717 17,892 12,855
Mortgage lending income 15,789 10,738 17,657
Insurance commissions 2,151 2,086 2,192
Increase in cash value of life insurance 4,850 4,655 3,800
Dividends from FHLB, FRB, FNBB & other 11,462 11,642 9,198
Gain on sale of SBA loans 617 278 183
Gain on branches, equipment and other assets, net 2,102 1,507 15
(Loss) gain on OREO, net (2,272) 332 500
Fair value adjustment for marketable securities 2,971 (1,094) (1,272)
Other income 29,955 38,503 48,281
Total non-interest income 168,574 169,934 175,111
Non-interest expense:      
Salaries and employee benefits 241,022 256,966 238,885
Occupancy and equipment 58,031 60,303 53,417
Data processing expense 36,494 36,329 34,942
Merger and acquisition expenses 0 0 49,594
Other operating expenses 111,389 119,265 98,789
Total non-interest expense 446,936 472,863 475,627
Income before income taxes 522,342 511,883 394,575
Income tax expense 120,101 118,954 89,313
Net income $ 402,241 $ 392,929 $ 305,262
Basic earnings per common share (in dollars per share) $ 2.01 $ 1.94 $ 1.57
Diluted earnings per common share (in dollars per share) $ 2.01 $ 1.94 $ 1.57
Service charges on deposit accounts      
Non-interest income:      
Service charges $ 39,223 $ 39,207 $ 37,114
Other service charges and fees      
Non-interest income:      
Service charges $ 43,009 $ 44,188 $ 44,588