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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Loans receivable:      
Taxable $ 803,652 $ 747,837 $ 470,468
Tax-exempt 34,262 31,954 25,124
Investment securities:      
Taxable 36,086 35,207 38,354
Tax-exempt 53,487 58,117 67,381
Deposits with financial institutions 16,992 17,719 2,503
Federal Home Loan Bank stock 3,527 3,052 1,176
Total Interest Income 948,006 893,886 605,006
INTEREST EXPENSE      
Deposits 386,127 306,092 62,939
Federal funds purchased 481 1,421 1,302
Securities sold under repurchase agreements 3,057 3,451 1,136
Federal Home Loan Bank advances 29,886 27,206 11,417
Subordinated debentures and other borrowings 7,341 10,316 8,009
Total Interest Expense 426,892 348,486 84,803
NET INTEREST INCOME 521,114 545,400 520,203
Provision for credit losses 35,700 3,500 16,755
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 485,414 541,900 503,448
NONINTEREST INCOME      
Net gains and fees on sales of loans 20,840 15,659 10,055
Increase in cash surrender value of life insurance 5,655 5,320 5,210
Gains on life insurance benefits 2,809 3,027 5,964
Net realized gains (losses) on sales of available for sale securities (20,757) (6,930) 1,194
Gain on branch sale 19,983 0 0
Other income 6,283 2,722 1,929
Total Noninterest Income 125,580 105,602 107,941
NONINTEREST EXPENSES      
Salaries and employee benefits 221,167 228,745 206,893
Net occupancy 28,387 29,859 26,211
Equipment 26,802 24,113 23,945
Marketing 7,389 7,427 7,708
Outside data processing fees 27,140 25,165 21,682
Printing and office supplies 1,462 1,552 1,588
Intangible asset amortization 7,271 8,743 8,275
FDIC assessments 15,029 14,674 10,235
Other real estate owned and foreclosure expenses 2,076 3,318 823
Professional and other outside services 14,586 16,172 21,642
Other expenses 27,957 28,502 26,713
Total Noninterest Expenses 379,266 388,270 355,715
INCOME BEFORE INCOME TAX 231,728 259,232 255,674
Income tax expense 30,326 35,446 33,585
NET INCOME 201,402 223,786 222,089
Preferred stock dividends 1,875 1,875 1,406
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 199,527 $ 221,911 $ 220,683
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE DATA:      
Basic Net Income Available to Common Stockholders (in dollars per share) $ 3.42 $ 3.74 $ 3.83
Diluted Net Income Available to Common Stockholders (in dollars per share) 3.41 3.73 3.81
Cash Dividends Paid to Common Stockholders (in dollars per share) $ 1.39 $ 1.34 $ 1.25
Average Diluted Common Shares Outstanding (in shares) 58,532,565 59,488,520 57,950,257
Service charges on deposit accounts      
NONINTEREST INCOME      
Other income $ 32,606 $ 30,837 $ 28,371
Fiduciary and wealth management fees      
NONINTEREST INCOME      
Other income 34,215 30,840 29,688
Card payment fees      
NONINTEREST INCOME      
Other income 19,317 18,862 20,207
Derivative hedge fees      
NONINTEREST INCOME      
Other income 3,082 3,385 3,388
Other customer fees      
NONINTEREST INCOME      
Other income $ 1,547 $ 1,880 $ 1,935