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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST INCOME:        
Loans receivable $ 161,191 $ 140,848 $ 317,666 $ 274,105
Mortgage-backed securities 16,708 18,285 33,642 37,263
Securities and cash equivalents 11,239 12,676 22,518 27,402
Interest and Dividend Income, Operating, Total 189,138 171,809 373,826 338,770
INTEREST EXPENSE:        
Deposits 48,850 20,539 93,463 29,783
FHLB advances 3,621 5,157 6,593 6,421
Other borrowings 1,160 771 2,335 1,152
Subordinated debt 2,961 2,824 5,930 5,584
Total interest expense 56,592 29,291 108,321 42,940
Net interest income 132,546 142,518 265,505 295,830
PROVISION FOR CREDIT LOSSES 2,369 6,764 2,889 6,240
Net interest income after provision for credit losses 130,177 135,754 262,616 289,590
NON-INTEREST INCOME:        
Deposit fees and other service charges 10,590 10,600 21,612 21,162
Mortgage banking operations 3,006 1,686 5,341 4,377
BOLI 2,367 2,386 4,604 4,574
Miscellaneous 1,988 1,428 3,880 3,068
Other operating income 17,951 16,100 35,437 33,181
Net loss on sale of securities (562) (4,527) (5,465) (11,779)
Net change in valuation of financial instruments carried at fair value (190) (3,151) (1,182) (3,703)
Total non-interest income 17,199 8,422 28,790 17,699
NON-INTEREST EXPENSE:        
Salary and employee benefits 63,831 61,972 126,200 123,361
Less capitalized loan origination costs (4,639) (4,457) (8,315) (7,888)
Occupancy and equipment 12,128 11,994 24,590 23,964
Information and computer data services 7,240 7,082 14,560 14,229
Payment and card processing services 5,691 4,669 11,401 9,287
Professional and legal expenses 1,201 2,400 2,731 4,521
Advertising and marketing 1,198 940 2,277 1,746
Deposit insurance 2,858 2,839 5,667 4,729
State and municipal business and use taxes 1,394 1,229 2,698 2,529
Real estate operations, net 297 75 77 (202)
Amortization of core deposit intangibles 724 991 1,447 2,041
Miscellaneous 6,205 5,671 12,436 11,709
Total non-interest expense 98,128 95,405 195,769 190,026
Income before provision for income taxes 49,248 48,771 95,637 117,263
PROVISION FOR INCOME TAXES 9,453 9,180 18,283 22,117
NET INCOME $ 39,795 $ 39,591 $ 77,354 $ 95,146
Earnings per common share:        
Basic $ 1.15 $ 1.15 $ 2.25 $ 2.77
Diluted 1.15 1.15 2.24 2.76
Cumulative dividends declared per common share $ 0.48 $ 0.48 $ 0.96 $ 0.96
Weighted average number of common shares outstanding, Basic 34,488,163 34,373,434 34,439,863 34,306,853
Weighted average number of common shares outstanding, Diluted 34,537,012 34,409,024 34,539,620 34,435,221