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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans and leases, including fees $ 114,929 $ 113,190 $ 345,478 $ 332,574
Investment securities:        
Investment securities available-for-sale 20,178 22,441 62,849 61,393
Investment securities held-to-maturity 13,284 13,576 40,131 41,272
Total investment income 33,462 36,017 102,980 102,665
Dividends from FHLB stock 375 598 1,171 1,430
Interest-earning deposits with other institutions 16,986 6,422 32,884 11,583
Total interest income 165,752 156,227 482,513 448,252
Interest expense:        
Deposits 29,821 16,517 77,166 32,647
Borrowings and customer repurchase agreements 22,312 16,339 68,418 46,971
Total interest expense 52,133 32,856 145,584 79,618
Net interest income before provision for credit losses 113,619 123,371 336,929 368,634
Provision for credit losses 0 2,000 0 4,000
Net interest income before provision for credit losses 113,619 121,371 336,929 364,634
Noninterest income:        
BOLI income 3,499 1,548 10,034 4,834
Loss on sale of investment securities (11,582) 0 (11,582) 0
Gain on sale leaseback transactions 9,106 0 9,106 0
Other 2,771 4,099 7,213 9,393
Total noninterest income 12,834 14,309 41,371 40,167
Noninterest expense:        
Salaries and employee benefits 36,647 34,744 108,474 103,539
Occupancy and equipment 6,204 5,618 17,541 16,585
Professional services 2,855 2,117 7,836 6,375
Computer software expense 3,906 3,648 11,380 10,372
Marketing and promotion 1,964 1,628 5,550 4,664
Amortization of intangible assets 1,286 1,567 4,161 5,006
(Recapture of) provision for unfunded loan commitments (750) (900) (1,250) 0
Other 6,723 6,636 21,411 17,415
Total noninterest expense 58,835 55,058 175,103 163,956
Earnings before income taxes 67,618 80,622 203,197 240,845
Income taxes 16,394 22,735 53,339 67,918
Net earnings 51,224 57,887 149,858 172,927
Other comprehensive income (loss):        
Unrealized gain (loss) on securities arising during the period, before tax 84,789 (120,125) 69,229 (102,758)
Less: Income tax (expense) benefit related to items of other comprehensive income (25,290) 37,863 (20,489) 30,416
Other comprehensive income (loss), net of tax 59,499 (82,262) 48,740 (72,342)
Comprehensive income (loss) $ 110,723 $ (24,375) $ 198,598 $ 100,585
Basic earnings per common share $ 0.37 $ 0.42 $ 1.07 $ 1.24
Diluted earnings per common share $ 0.37 $ 0.42 $ 1.07 $ 1.24
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Service charges on deposit accounts $ 5,120 $ 5,062 $ 15,273 $ 15,244
Trust and Investment Services [Member]        
Noninterest income:        
Service charges on deposit accounts 3,565 3,246 10,217 9,475
Bankcard Services [Member]        
Noninterest income:        
Service charges on deposit accounts $ 355 $ 354 $ 1,110 $ 1,221