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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loans and leases, including fees $ 455,755 $ 448,295 $ 389,192
Investment securities:      
Investment securities available-for-sale 80,890 83,563 68,508
Investment securities held-to-maturity 53,151 54,750 49,048
Total investment income 134,041 138,313 117,556
Dividends from FHLB stock 1,551 1,861 1,207
Interest-earning deposits with other institutions 38,765 17,861 6,713
Total interest income 630,112 606,330 514,668
Interest expense:      
Deposits 105,483 51,535 6,830
Borrowings and customer repurchase agreements 76,709 66,805 2,325
Other 573 0 0
Total interest expense 182,765 118,340 9,155
Net interest income before provision for (recapture of) credit losses 447,347 487,990 505,513
Provision for (recapture of) credit losses (3,000) 2,000 10,600
Net interest income after provision for (recapture of) credit losses 450,347 485,990 494,913
Noninterest income:      
Write-down of BOLI 12,420 12,751 5,356
Gain on OREO, net 25,900 0 0
Loss on sale of investment securities (28,317) 0 0
Gain on sale of building, net 0 0 2,717
Other 8,720 12,177 7,546
Total noninterest income 54,474 59,330 49,989
Noninterest expense:      
Salaries and employee benefits 144,472 139,191 131,596
Occupancy and equipment 23,407 22,109 22,737
Professional services 10,482 9,082 9,362
Computer software expense 15,301 14,051 13,503
Marketing and promotion 7,307 6,756 6,296
(Recapture of) provision for unfunded loan commitments (1,250) (500) 0
Amortization of intangible assets 5,324 6,452 7,566
Acquisition related expenses 0 0 6,013
Other 28,540 32,745 19,482
Total noninterest expense 233,583 229,886 216,555
Earnings before income taxes 271,238 315,434 328,347
Income taxes 70,522 93,999 92,922
Net earnings 200,716 221,435 235,425
Other comprehensive income (loss):      
Unrealized gain (loss) on securities arising during the period, before tax 16,371 44,306 (498,078)
Less: Income tax (expense) benefit related to items of other comprehensive income (4,866) (13,079) 147,250
Other comprehensive income (loss), net of tax 11,505 31,227 (350,828)
Comprehensive income (loss) $ 212,221 $ 252,662 $ (115,403)
Basic earnings per common share $ 1.44 $ 1.59 $ 1.67
Diluted earnings per common share $ 1.44 $ 1.59 $ 1.67
Service Charges on Deposit Accounts [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax $ 20,370 $ 20,219 $ 21,382
Trust and Investment Services [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax 13,729 12,556 11,518
Bankcard Services [Member]      
Noninterest income:      
Revenue from contract with customer, including assessed tax $ 1,652 $ 1,627 $ 1,470