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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Loans $ 241,332 $ 237,129
Investment securities 23,528 24,122
Money market investments and interest-bearing cash accounts 12,205 7,254
Total interest and dividend income 277,065 268,505
Interest expense:    
Deposits 58,497 63,025
Short-term borrowings 76 0
Long-term borrowings 6,095 8,960
Total interest expense 64,668 71,985
Net interest income 212,397 196,520
Provision for credit losses - expense (benefit):    
Loans and finance leases 24,837 12,917
Unfunded loan commitments (63) 281
Debt securities 36 (1,031)
Provision for credit losses - expense 24,810 12,167
Net interest income after provision for credit losses 187,587 184,353
Non-interest income:    
Service charges and fees on deposit accounts 9,640 9,662
Mortgage banking activities 3,177 2,882
Insurance commission income 5,805 5,507
Card and processing income 11,475 11,312
Other non-interest income 5,637 4,620
Total non-interest income 35,734 33,983
Non-interest expenses:    
Employees' compensation and benefits 62,137 59,506
Occupancy and equipment 22,630 21,381
Business promotion 3,278 3,842
Professional service fees 11,486 12,676
Taxes, other than income taxes 5,878 5,129
FDIC deposit insurance 2,236 3,102
Net gain on OREO operations (1,129) (1,452)
Credit and debit card processing expenses 5,110 5,751
Communications 2,245 2,097
Other non-interest expenses 9,151 8,891
Total non-interest expenses 123,022 120,923
Income before income taxes 100,299 97,413
Income tax expense 23,240 23,955
Net income 77,059 73,458
Net income attributable to common stockholders $ 77,059 $ 73,458
Net income per common share:    
Basic $ 0.47 $ 0.44
Diluted $ 0.47 $ 0.44