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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME      
Loans, including fees $ 554,824 $ 467,540 $ 336,340
Debt securities:      
Taxable 34,300 36,838 24,456
Tax-exempt 74 72 93
Federal funds sold 33 226 83
Interest-bearing deposits with banks 134,908 119,260 58,848
Total interest income 724,139 623,936 419,820
INTEREST EXPENSE      
Deposits 272,907 195,046 41,965
Short-term borrowings 235 312 60
Subordinated debt 4,123 4,122 4,122
Total interest expense 277,265 199,480 46,147
Net interest income 446,874 424,456 373,673
Provision for credit losses 9,004 7,458 10,076
Net interest income after provision for credit losses 437,870 416,998 363,597
NONINTEREST INCOME      
Securities transactions (includes accumulated other comprehensive income reclassifications of $0, $0 and $1,536, respectively) 97 (1,828) (1,833)
Sales of loans 2,676 2,607 4,548
Insurance commissions 33,428 30,615 26,883
Cash management 36,210 30,716 19,326
(Loss)/gain on sale of other assets (12) 1,603 448
Other 20,811 25,544 31,973
Total noninterest income 184,575 185,408 183,747
NONINTEREST EXPENSE      
Salaries and employee benefits 211,998 199,986 184,976
Occupancy, net 22,192 21,027 19,326
Depreciation 18,135 18,657 18,600
Amortization of intangible assets 3,546 3,532 3,448
Data processing services 10,758 8,368 7,584
Net expense from other real estate owned 13,055 15,938 9,911
Marketing and business promotion 9,389 9,114 8,074
Deposit insurance 6,350 5,827 4,735
Other 51,741 50,009 53,258
Total noninterest expense 347,164 332,458 309,912
Income before taxes 275,281 269,948 237,432
Income tax expense 58,927 57,483 44,332
Net income $ 216,354 $ 212,465 $ 193,100
NET INCOME PER COMMON SHARE      
Basic $ 6.55 $ 6.45 $ 5.89
Diluted $ 6.44 $ 6.34 $ 5.77
OTHER COMPREHENSIVE GAIN/(LOSS)      
Unrealized gains/(losses) on available for sale debt securities, net of tax (expense)/benefit of $(5,282), $(6,634) and $23,160, respectively $ 17,182 $ 21,521 $ (74,880)
Reclassification adjustment for available for sale debt security gains included in net income, net of tax expense of $0, $0 and $(369), respectively     1,167
Other comprehensive gain/(loss), net of tax (expense)/benefit of $(5,282), $(6,634) and $22,791, respectively 17,182 21,521 (73,713)
Comprehensive income 233,536 233,986 119,387
Trust Revenue [Member]      
NONINTEREST INCOME      
Revenue 21,801 18,784 15,645
Service Charges on Deposits [Member]      
NONINTEREST INCOME      
Revenue $ 69,564 $ 77,367 $ 86,757