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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 127,498 $ 100,362
Interest and dividends on taxable investments 21,902 21,938
Interest and dividends on nontaxable investments 3,259 3,582
Total interest income 152,659 125,882
Interest expense:    
Interest on deposits 36,785 9,928
Interest on borrowings 8,884 4,924
Total interest expense 45,669 14,852
Net interest income 106,990 111,030
Provision for credit losses 6,148 3,500
Net interest income after provision for credit losses 100,842 107,530
Noninterest revenues:    
Deposit service fees 14,251 12,896
Mortgage banking 345 275
Other banking services 3,656 3,260
Employee benefit services 31,698 29,384
Insurance services 11,109 11,522
Wealth management services 9,210 8,245
Loss on sales of investment securities 0 (52,329)
Gain on debt extinguishment 0 242
Unrealized gain on equity securities 16 0
Total noninterest revenues 70,285 13,495
Noninterest expenses:    
Salaries and employee benefits 73,063 71,487
Data processing and communications 14,348 13,129
Occupancy and equipment 11,362 11,024
Amortization of intangible assets 3,576 3,667
Legal and professional fees 4,341 5,201
Business development and marketing 3,045 2,901
Litigation accrual 119 0
Acquisition expenses 35 57
Other expenses 8,195 6,586
Total noninterest expenses 118,084 114,052
Income before income taxes 53,043 6,973
Income taxes 12,171 1,175
Net income $ 40,872 $ 5,798
Basic earnings per share(in dollar per share) $ 0.77 $ 0.11
Diluted earnings per share(in dollar per share) $ 0.76 $ 0.11