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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest, fee and dividend income    
Interest and fees on loans $ 133,146 $ 100,899
Securities available for sale 7,124 7,616
Securities held to maturity 5,303 5,035
Other 1,364 642
Total interest, fee and dividend income 146,937 114,192
Interest expense    
Deposits 44,339 11,144
Short-term borrowings 3,421 4,919
Long-term debt 290 47
Subordinated debt 1,800 1,334
Junior subordinated debt 1,913 1,682
Total interest expense 51,763 19,126
Net interest income 95,174 95,066
Provision for loan losses 5,579 3,909
Net interest income after provision for loan losses 89,595 91,157
Noninterest income    
Service charges on deposit accounts 4,117 3,548
Card services income 5,195 4,845
Retirement plan administration fees 14,287 11,462
Wealth management 9,697 8,087
Insurance services 4,388 3,931
Bank owned life insurance income 2,352 1,878
Net securities gains (losses) 2,183 (4,998)
Other 3,173 2,656
Total noninterest income 45,392 31,409
Noninterest expense    
Salaries and employee benefits 55,704 48,155
Technology and data services 9,750 9,007
Occupancy 8,098 7,220
Professional fees and outside services 4,853 4,178
Office supplies and postage 1,865 1,628
FDIC assessment 1,735 1,396
Advertising 812 649
Amortization of intangible assets 2,168 536
Loan collection and other real estate owned, net 553 855
Acquisition expenses 0 618
Other 6,235 5,080
Total noninterest expense 91,773 79,322
Income before income tax expense 43,214 43,244
Income tax expense 9,391 9,586
Net income $ 33,823 $ 33,658
Earnings per share    
Basic (in dollars per share) $ 0.72 $ 0.78
Diluted (in dollars per share) $ 0.71 $ 0.78