XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans, including fees $ 179,055 $ 175,532 $ 523,194 $ 512,225
Investment securities:        
Taxable 41,472 40,105 123,805 113,505
Tax-exempt 1,503 1,534 4,544 4,619
Other interest income 4,748 5,486 10,841 20,069
Total interest income 226,778 222,657 662,384 650,418
Interest expense:        
Savings deposits 21,486 20,869 63,254 61,416
Time deposits 26,118 25,607 76,768 70,333
Securities sold under repurchase agreements 5,115 6,173 14,059 16,732
Other borrowings 118 74 2,263 213
Junior subordinated deferrable interest debentures 1,710 1,992 5,093 5,943
Total interest expense 54,547 54,715 161,437 154,637
Net interest income 172,231 167,942 500,947 495,781
Credit loss expense 1,827 8,602 9,554 30,351
Net interest income after provision for credit losses 170,404 159,340 491,393 465,430
Non-interest income:        
Investment securities transactions, net (1) (1) (1) (1)
Other investments income (loss), net 3,645 4,180 2,735 8,852
Other income 5,673 3,933 14,606 14,380
Total non-interest income 45,851 43,842 123,518 129,604
Non-interest expense:        
Employee compensation and benefits 37,613 37,543 114,475 109,039
Occupancy 7,986 7,746 21,662 20,109
Depreciation of bank premises and equipment 5,697 5,594 16,796 16,938
Professional fees 4,647 4,131 12,292 12,034
Deposit insurance assessments 1,797 1,731 5,330 5,126
Net operations, other real estate owned 1,546 1,136 2,912 1,463
Advertising 1,724 1,397 5,177 4,679
Software and software maintenance 5,657 4,820 16,788 15,783
Other 13,096 12,117 35,907 34,795
Total non-interest expense 79,763 76,215 231,339 219,966
Income before income taxes 136,492 126,967 383,572 375,068
Provision for income taxes 28,117 27,195 78,163 80,985
Net income $ 108,375 $ 99,772 $ 305,409 $ 294,083
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,157,827 62,190,993 62,174,048 62,172,928
Net income per common share (in dollars per share) $ 1.74 $ 1.6 $ 4.91 $ 4.73
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,245,032 62,309,574 62,260,725 62,289,708
Net income per common share (in dollars per share) $ 1.74 $ 1.6 $ 4.91 $ 4.72
Service charges on deposit accounts        
Non-interest income:        
Service charges on deposit accounts $ 19,239 $ 18,660 $ 54,894 $ 55,018
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges on deposit accounts 14,872 14,762 43,876 43,880
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges on deposit accounts $ 2,423 $ 2,308 $ 7,408 $ 7,475