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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:      
Loans $ 965,472 $ 890,562 $ 747,901
Investment securities 92,599 102,505 102,922
Money market investments and interest-bearing cash accounts 37,082 30,419 11,791
Total interest and dividend income 1,095,153 1,023,486 862,614
Interest expense:      
Deposits 253,107 185,461 46,361
Short-term borrowings 18 7,583 2,508
Long-term borrowings 34,549 33,332 18,452
Total interest expense 287,674 226,376 67,321
Net interest income 807,479 797,110 795,293
Provision for credit losses - expense (benefit):      
Loans and finance leases 62,861 66,644 25,679
Unfunded loan commitments (1,495) 365 2,736
Debt securities (1,445) (6,069) (719)
Provision for credit losses - expense 59,921 60,940 27,696
Net interest income after provision for credit losses 747,558 736,170 767,597
Non-interest income:      
Service charges and fees on deposit accounts 38,819 38,042 37,823
Mortgage banking activities 12,683 10,587 15,260
Gain on early extinguishment of debt 0 1,605 0
Insurance commission income 13,570 12,763 13,743
Card and processing income 46,758 43,909 40,416
Other non-interest income 18,892 25,788 15,850
Total non-interest income 130,722 132,694 123,092
Non-interest expenses:      
Employees' compensation and benefits 235,695 222,855 206,038
Occupancy and equipment 88,427 85,911 88,277
Business promotion 17,645 19,626 18,231
Professional service fees 49,455 45,841 47,848
Taxes, other than income taxes 22,196 21,236 20,267
Federal Deposit Insurance Corporation (FDIC) deposit insurance 9,818 14,873 6,149
Net gain on OREO operations (7,474) (7,138) (5,826)
Credit and debit card processing expenses 27,600 25,997 22,736
Communications 8,779 8,561 8,723
Other non-interest expenses 34,932 33,666 30,662
Total non-interest expenses 487,073 471,428 443,105
Income before income taxes 391,207 397,436 447,584
Income tax expense 92,483 94,572 142,512
Net income 298,724 302,864 305,072
Net income attributable to common stockholders $ 298,724 $ 302,864 $ 305,072
Net income per common share:      
Basic $ 1.82 $ 1.72 $ 1.60
Diluted $ 1.81 $ 1.71 $ 1.59