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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans, including fees $ 168,328 $ 142,270
Investment securities:    
Taxable 36,263 29,809
Tax-exempt 1,546 1,578
Other interest income 5,952 14,492
Total interest income 212,089 188,149
Interest expense:    
Savings deposits 19,916 11,694
Time deposits 21,276 6,829
Securities sold under repurchase agreements 5,240 2,142
Other borrowings 70 71
Junior subordinated deferrable interest debentures 1,979 2,228
Total interest expense 48,481 22,964
Net interest income 163,608 165,185
Credit loss expense 12,978 8,587
Net interest income after provision for credit losses 150,630 156,598
Non-interest income:    
Other investments income, net 1,623 2,955
Other income 5,603 3,845
Total non-interest income 42,242 40,362
Non-interest expense:    
Employee compensation and benefits 35,867 32,859
Occupancy 5,677 6,326
Depreciation of bank premises and equipment 5,629 5,466
Professional fees 3,691 3,590
Deposit insurance assessments 1,699 4,138
Net operations, other real estate owned 30 (1,745)
Advertising 1,820 1,264
Software and software maintenance 5,312 4,969
Other 9,918 11,162
Total non-interest expense 69,643 68,029
Income before income taxes 123,229 128,931
Provision for income taxes 25,898 27,288
Net income $ 97,331 $ 101,643
Basic earnings per common share:    
Weighted average number of shares outstanding (in shares) 62,150,378 62,142,264
Net income per common share (in dollars per share) $ 1.57 $ 1.64
Fully diluted earnings per common share:    
Weighted average number of shares outstanding (in shares) 62,267,293 62,282,328
Net income per common share (in dollars per share) $ 1.56 $ 1.63
Services charges on deposit accounts    
Non-interest income:    
Service charges $ 18,267 $ 17,553
Other service charges, commissions and fees, Banking    
Non-interest income:    
Service charges 14,475 14,055
Other service charges, commissions and fees, Non-banking    
Non-interest income:    
Service charges $ 2,274 $ 1,954