XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Loans and leases, including fees $ 109,071 $ 116,349
Investment securities:    
Investment securities available-for-sale 18,734 21,446
Investment securities held-to-maturity 13,021 13,402
Total investment income 31,755 34,848
Dividends from FHLB stock 379 419
Interest-earning deposits with other institutions 1,797 6,073
Total interest income 143,002 157,689
Interest expense:    
Deposits 25,322 21,366
Borrowings and customer repurchase agreements 6,800 23,862
Other 436 0
Interest Expense, Operating, Total 32,558 45,228
Net interest income before (recapture of) provision for credit losses 110,444 112,461
(Recapture of) provision for credit losses (2,000) 0
Net interest income after (recapture of) provision for credit losses 112,444 112,461
Noninterest income:    
BOLI income 2,831 3,593
Gain on OREO, net 2,183 0
Other 2,266 1,875
Total noninterest income 16,229 14,113
Noninterest expense:    
Salaries and employee benefits 36,477 36,401
Occupancy and equipment 5,998 5,565
Professional services 2,081 2,255
Computer software expense 4,221 3,525
Marketing and promotion 1,988 1,630
Provision for unfunded loan commitments 500 0
Amortization of intangible assets 1,155 1,438
Other 6,724 8,957
Total noninterest expense 59,144 59,771
Earnings before income taxes 69,529 66,803
Income taxes 18,425 18,204
Net earnings 51,104 48,599
Other comprehensive (loss) income:    
Unrealized gain (loss) on securities arising during the period, before tax 49,360 (17,073)
Less: Income tax (expense) benefit related to items of other comprehensive income (14,596) 5,357
Other comprehensive income (loss), net of tax 34,764 (11,716)
Comprehensive income (loss) $ 85,868 $ 36,883
Basic earnings per common share $ 0.37 $ 0.35
Diluted earnings per common share $ 0.36 $ 0.35
Service Charges on Deposit Accounts [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax $ 4,908 $ 5,036
Trust and Investment Services [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax 3,411 3,224
Bankcard Services [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax $ 630 $ 385